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I've seen a cash transaction close, literally, the same day as the contract was written and accepted, at a title company with title insurance. But that is almost unheard-of. I would agree with 2bindenver. 10 days to 2 weeks would be pretty normal. Maybe a few more if there was a professional inspection being done (they schedule out about a week in my area).
Not sure if you are the buyer or seller but if you are the buyer, a seller may not be prepared to physically move out any faster than a certain amount of time. I had prepacked quite a lot list my house, and ended up with a cash buyer and it was still a mad rush to be out in two weeks, and I'm not sure I could have done it any faster than that.
let's say the buyer buys in cash. would it still take the typical 30 days to close?
Good question for a closing attorney.
If they can punch out the title work, and buyer and seller are in agreement, maybe as quickly as a week.
10-12 days is realistic.
Inspections, survey, appraisal, could all impact the speed of closing, though.
But, simplified to the maximum, yup, you can be really quick about it.
I closed a home in ten days. All cash, no contingencies, the home was going to have massive renovations including structural so it didn't matter the shape it was in.
ok, thanks for the responses. i'm selling a condo i have. there may be cash buyers. all things being equal, i'd like to choose whoever can close the fastest.
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