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Serendipity
Summer!
Member since 4/07 7631 total posts
Name:
PrayingWishingHopingALOT
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Closing- how long?
I know I know the answer to this BUT I want to confirm with those who have recently bought or sold a house....how long did it take from contracts signed to closing (how many weeks months etc).
Is 2 months unheard of these days? Is 4 months too long? Just need to know. Thanks.
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Posted 4/18/12 5:54 PM  |
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ElizaRags35
My 2 Girls
Member since 2/09 20494 total posts
Name:
Me
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Re: Closing- how long?
Contracts were signed in Mid-August and we closed October 21st. We also had an issue that added 2 weeks so if not for that issue, we probably could have closed a week or 2 earlier. The on or about date on our contract was October 31st.
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| Posted 4/18/12 5:58 PM |
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Re: Closing- how long?
I think a 60-90 day close is "standard," but I know some banks that regularly close loans within 30 days, and there are some situations (C/O issues, etc.) that results in delayed closings (e.g. 4 months).
But leaving aside how fast is "possible" -- the closing date is a term that is negotiable. If both parties agree that a house that goes into contract today won't close until September, that is perfectly ok.
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| Posted 4/18/12 6:35 PM |
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Babymakin
LIF Adult
Member since 12/10 920 total posts
Name:
Sarah
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Re: Closing- how long?
Signed the contract/bid on 12/6.
Closed 3/30.
Its just the way our deal went. We didnt want to be in the house immediatly, and they also needed time to to close on their new house.
Worked out perfect.
ETA: We got the mortgage in Feb but had to jump through some big hoops to dance for the man :) We locked in and had 45 days to close from there. We HAD to close by 4/12
Message edited 4/18/2012 11:33:09 PM.
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| Posted 4/18/12 11:31 PM |
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BsMomma2014
Fly high little one
Member since 6/10 2662 total posts
Name:
nicole
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Re: Closing- how long?
we took exactly 4 months but we all agreed on that date when the contract was signed
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| Posted 4/19/12 7:37 AM |
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evrythng4areason
And then there were 4
Member since 1/10 5224 total posts
Name:
Kayla
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Re: Closing- how long?
signed contracts dec 21
on or about date was feb 1
we actually closed march 8
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| Posted 4/19/12 8:17 AM |
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Mrs213
????????
Member since 2/09 18986 total posts
Name:
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Re: Closing- how long?
60 days for us
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| Posted 4/19/12 8:23 AM |
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Re: Closing- how long?
In my experience, contract to closing is typically 60 to 90 days but it is entirely up to the parties involved. This is negotiated in the Contract of Sale so you are free to agree to any time frame.
Kristen M. Breglio, Esq.
The Breglio Law Firm, PLLC
1225 Franklin Avenue, Suite 325
Garden City, New York 11530
p: 516.240.8033
f: 516.240.8032
www.thebregliolawfirm.com
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| Posted 4/19/12 9:06 AM |
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marianne13
LIF Adolescent
Member since 6/10 887 total posts
Name:
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Re: Closing- how long?
Exactly 3 months...there was also an issue with our survey that we needed to straighten out.
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| Posted 4/19/12 9:07 AM |
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