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Old 04-28-2011, 01:28 PM
 
254 posts, read 290,089 times
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Default How long does it take to close on a home with cash?

I heard that within a week is possible, but generally how long does it take? Factoring in the amount of time necessary for a title search.
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Old 04-28-2011, 01:32 PM
 
Location: Perry South, Pittsburgh, PA
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It took us 3.5 weeks in Pittsburgh, roughly. Last year.
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Old 04-28-2011, 01:36 PM
 
Location: Western North Carolina
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It really all depends on the attorney that is working on the title search. If they are busy or aren't quick in their processing, then it's going to take longer. There was one that I worked on a couple of years ago that was completed in 10 days.
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Old 04-28-2011, 01:40 PM
 
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Quote:
Originally Posted by sidburn View Post
I heard that within a week is possible, but generally how long does it take? Factoring in the amount of time necessary for a title search.
If there are no contingencies (appraisal, inspection, etc.) and you have cash on hand (liquid - cash means cash, not a line of credit) you made an offer & it was accepted the same day, there was a 24 hour turnaround with title work ... you wired funds on Tuesday or Wednesday - you could definitely close Thursday or Friday.

So yes, a week is definitely possible and probable - provided that everyone is doing their job and no glitches take place.
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Old 04-28-2011, 01:53 PM
 
Location: Boise, ID
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I've seen 3 days before from accepted offer to funding and recording. But 7-10 days is very doable, even with a home inspection in there, if everything goes smoothly.
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Old 04-28-2011, 01:57 PM
 
Location: Simmering in DFW
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I've closed 3 w/i 2 weeks.
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Old 04-28-2011, 05:14 PM
 
Location: Raleigh, NC
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I closed one, recently, in NC that took 10 days. I guess we could have pushed it to 7 days but 10 days gave us time to get all inspections done, etc.

Vicki
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Old 04-28-2011, 05:47 PM
 
Location: Salem, OR
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Out here 7 days is hauling due to inspections and such. We typically shoot for 10 days with cash for the buyer to have due diligence time.
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Old 04-28-2011, 06:14 PM
 
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Depends on how long it takes to get the attorney, clear title established, and contracts signed.

A month with no interruptions in the process.
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Old 04-28-2011, 06:24 PM
 
Location: Hernando County, FL
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I have closed one with a loan in about 7-8 days so it would definitely be quicker than that.
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