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View Poll Results: How long until closing
0-2 weeks 1 6.67%
2-4 weeks 4 26.67%
4-6 weeks 7 46.67%
6+ weeks 3 20.00%
Voters: 15. You may not vote on this poll

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Old 05-08-2008, 07:48 PM
 
Location: Charlotte, NC
85 posts, read 364,001 times
Reputation: 51

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For anyone who has bought an existing home in Charlotte over the past 8-12 months:

How long did you have to wait after having your offer accepted to go to closing?
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Old 05-09-2008, 06:03 AM
 
Location: NE Charlotte, NC (University City)
1,894 posts, read 5,741,483 times
Reputation: 1041
We put in our offer the closing date we wanted. It was based on trying to shorten the amount of lease-mortgage overlap we'd be responsible for. We agreed on a contract at the end of January and specified a closing date of March 3.
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Old 05-09-2008, 07:26 AM
 
Location: South Charlotte
1,435 posts, read 5,230,855 times
Reputation: 486
Each deal is different but I would say the average time to close from offer acceptance would be 30-45 days. 60 is normally okay with an explanation ie: lease, relo, etc..

Anything further would be suspicious and I would ask for a larger earnest money deposit and explanation.
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Old 05-09-2008, 08:15 AM
 
Location: Charlotte, NC
85 posts, read 364,001 times
Reputation: 51
Quote:
Originally Posted by Charlottean View Post
Each deal is different but I would say the average time to close from offer acceptance would be 30-45 days. 60 is normally okay with an explanation ie: lease, relo, etc..

Anything further would be suspicious and I would ask for a larger earnest money deposit and explanation.
We're actually hoping for a shorter wait so that we can move out of temp housing ASAP.
I was just wondering if sellers in todays market are more anxious to go to closing sooner rather than later so that they can move on.
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Old 05-09-2008, 09:03 AM
 
Location: South Charlotte
1,435 posts, read 5,230,855 times
Reputation: 486
Quote:
Originally Posted by Goodbye Bawlmer View Post
We're actually hoping for a shorter wait so that we can move out of temp housing ASAP.
I was just wondering if sellers in todays market are more anxious to go to closing sooner rather than later so that they can move on.

You could do that but I would cover a couple of things first before entertaining that option. Speak with you lender to make sure they can get things done quickly in a timely manner. Also, talk to your agent and make sure that the inspections, appriasal, title work, etc.. are expedited to fit the timeline.
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Old 05-09-2008, 09:27 AM
 
Location: Charlotte, NC
550 posts, read 1,620,791 times
Reputation: 188
I asked for 30 days, the sellers pushed it to 60 since they didn't expect to sell so fast.
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Old 05-09-2008, 11:43 AM
 
Location: Charlotte, NC
143 posts, read 478,903 times
Reputation: 80
I just had an offer accepted this morning. Close date is June 30.
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Old 05-09-2008, 12:18 PM
 
Location: Fort Mill, SC (Charlotte 'burb)
4,730 posts, read 17,795,380 times
Reputation: 1008
Ours was quick...less than 2 weeks back in June. Went pretty well overall.
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Old 05-09-2008, 12:57 PM
 
Location: South Charlotte
1,435 posts, read 5,230,855 times
Reputation: 486
On a side note... if it's a cash deal most times you can get them closed in two weeks. Sometimes 1 week if an inspector can go out right away, the house has a clean report(little to no repairs), and the attorney can get title work completed quickly.
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Old 05-09-2008, 02:57 PM
 
Location: Trinity Florida
7,930 posts, read 17,802,380 times
Reputation: 1997
our response from the sellers was quick on the offer we made, and closing we needed 6 weeks and went off just when we needed it..
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