Larry Bartolomei, CRS (Roycroft Realty)

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Rainmaker
813,909
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

I find the lenders that brag that they can close in 30 days suspect. They almost always end up asking for extensions. Yes 60 days.

Sep 22, 2017 09:24 AM
Rainmaker
467,802
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

Last year we were doing 60 days for financed purchases due to a serious appraisal problem with appraisers being backed up for weeks. With VA loans, we were backed up 3 to 4 months. However, that issue has been mitigated and we are even seeing 30 day escrows with loans.

Sep 22, 2017 09:09 AM
Rainmaker
880,148
Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

60 days is pretty standard.

Sep 22, 2017 08:56 AM
Ambassador
4,770,774
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

We can generally get a cash deal done in a week, and a financed deal in 30-40 days

Sep 22, 2017 06:49 PM
Rainmaker
4,936,464
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

As you can see from comments by Jeff Dowler and Ryan Huggins - Thousand Oaks, CA  in California 30 days works.

Sep 22, 2017 03:08 PM
Rainmaker
1,308,372
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Ouch!  I found out from a friend of mine in Cornwall, England that 3 months is considered fast in her part of the country.  Out here 30 is the norm, 45 is pushing it, 60 will get your offer countered or rejected.

Sep 22, 2017 02:35 PM
Rainmaker
2,888,726
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

In 15 years in the business I have never seen a 60 day closing in my market. I cannot imagine why it would take so long.  I can see some wanting a 60 day close for various reasons but they would likely not get that in my market. 

Sep 22, 2017 11:04 AM
Rainer
352,726
Teri Pacitto
Compass - Westlake Village, CA
Real Estate, Your Style...Your Home...My Specialty

It's all negotiable and Seller and Buyer agree to terms and there is no absolute standard for either cash or financing.  I have had Cash contracts agreed to close anywhere from 15 days to 90 depending on the seller and what they want.  I have also had 21 days to 60 + for financing...again, depending on the seller needs and buyer as well.  If I had to target a standard....45 days.  

Sep 22, 2017 10:53 AM
Rainer
54,243
Joe D'Agostino
NMLS# 729950 - Manahawkin, NJ
Mortgage Officer 46 years!

Most closings take approx. 30-45 days with a mortgage. I usually quote a 60 day rate. All my borrowers get a 60  day rate lock with no rate lock fee. Sometimes closings are delayed,due mostly to the BORROWER. Many borrowers state one thing but cannot verify the other. In today's world of mortgages, talk is cheap. Verification is the rule.

Sep 22, 2017 10:04 AM
Ambassador
3,725,847
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

30-45 days - some sellers prefer 60 days to give them time to find their next home here in Charlotte though!

NY Closings are not like ours though - WE set the Closing date and adhere to them - the attorneys do not 'set' the dates, they confirm them with us

Sep 22, 2017 09:27 AM
Rainmaker
1,093,178
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

21 days with convential minimum

24 hour and up to 10 days for cash

30 days max for FHA

4-50 offers in most transactions in 10 days

Sep 22, 2017 09:08 AM
Rainmaker
3,499,249
Richard Weeks
Dallas, TX
REALTOR®, Broker

Depending on the lender we can close in 30.

Sep 22, 2017 09:06 AM
Ambassador
2,470,622
Fred Griffin Tallahassee Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

    We were at 30 days for new loans... but the recent hurricane threw a wrench into things, so we are dating contracts to close on before 45 days.

    We can close cash as quickly as a title policy can be issued (and survey if required)... I have done them in less than a week.

Sep 22, 2017 09:04 AM
Rainmaker
3,649,857
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Most of my transactions latley have been "cash", so not up to date on residential loans but guessing 45 days might do it!

Sep 22, 2017 08:45 AM
Rainer
66,214
Evelyn M Epperson
Coldwell Banker Residential Brokerage - Johns Creek, GA
A Tradition Of [Excellence, Trust & Service]

Our normal closing time is 30 to 45 days.  60 days is a long time and most sellers will counter the closing date.

Sep 23, 2017 11:35 AM
Ambassador
2,022,266
Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES
Tropic Shores Realty - Ich spreche Deutsch! - Spring Hill, FL
Florida Waterfront and Country Club Living

60  days seem a bit long, we go approx. 40-50 days. 

Sep 23, 2017 11:34 AM
Rainmaker
584,275
Nathan Gesner
American West Realty and Management - Cody, WY
Broker / Property Manager

30 - 45 days is the normal time required in my area.

Sep 23, 2017 07:22 AM
Rainmaker
1,364,030
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

30 days

Sep 23, 2017 07:10 AM
Rainmaker
3,066,721
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

30 - 45 days here...

Sep 23, 2017 05:05 AM
Rainmaker
3,686,519
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

A "typical" closing with financing is 30 days in my market(Los Angeles County).   We all likely can share some stories where that time period is delayed for one reason or another.  

Sep 23, 2017 03:29 AM
Rainmaker
1,597,810
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, Blackstone Realty Group - brokered by eXp Realty - Kalispell, MT
The House Kat

From another New Yorker, 60 days to close is not unusual. I tell my clients it could be anywhere from 45-60 days. 

Sep 23, 2017 03:03 AM
Ambassador
4,307,257
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Larry Bartolomei, CRS - well, my lender does it in 45 or even less....

Sep 22, 2017 11:42 PM
Rainmaker
795,876
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

30 days is common here. -Kasey

Sep 22, 2017 10:59 PM
Rainer
353,160
Jim Cheney
Saint Francis Property Santa Rosa, CA - Santa Rosa, CA
Rincon Valley Realtor 707.494.1055

30 - 45 is normal in Northern CA

Sep 22, 2017 10:01 PM
Ambassador
3,985,382
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

Occasionally we can close in 30 days but most of the time it takes 45.

Sep 22, 2017 02:48 PM
Rainer
116,985
Christine Kankowski North SD and Temecula
House Match Inc - Poway, CA
Excellent Sales and Property Management

Typically 30-35 days is standard.  Everyone needs to stay on top of it and get the job done.  Bery rarely do I get a 60 day contract.

Sep 22, 2017 12:49 PM
Rainmaker
698,758
Brenda Mayette
Miranda Real Estate Group, Inc. - Glenville, NY
Getting results w/ knowledge & know-how!

Yup... 45 - 60 days for financed transactions. 

Sep 22, 2017 12:47 PM
Ambassador
4,257,530
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Nope I have been able to easily do 30 days for conventional loans, less for cash.

Sep 22, 2017 12:11 PM
Rainmaker
5,399,320
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

30 to 60 day closings....

Sep 22, 2017 11:54 AM
Rainmaker
455,640
JoAnn Moore
The Mortgage Market of Delaware - Georgetown, DE
Home Loans in Delaware

We like to have the 60 days especially if the ratified contract is quite a few days after the date of the contract. Even better is 60 after ratified contract date. This allows for any repairs that may be needed after the appraisal is done and for the time it may take to get an appraiser chosen and scheduled. We noramlly can get them done in 40-45 days but having the extra days helps when delays are out of our control.

 

 

 

Sep 22, 2017 11:47 AM
Rainmaker
1,918,552
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

we're 30-45 days on the average

Sep 22, 2017 11:41 AM
Rainmaker
1,485,511
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

The wait time on appraisals seems to be the major issue in scheduling closings.

Sep 22, 2017 11:05 AM
Rainmaker
791,767
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

45-60 days is very common.

Sep 22, 2017 10:55 AM
Rainmaker
3,509,782
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Closing dates are negotiated aspects of a contract. I rarely have a closing with financing that extends beyond 35 days.

Sep 22, 2017 10:13 AM
Rainmaker
5,901,644
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

That works in our area.

 

Sep 22, 2017 09:19 AM
Rainmaker
3,985,581
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

30-45 days is more the norm.  If the lender can not perform in 45 days we search for one that can.   AND the lender needs to sign saying if they run late they will pay for the extra costs incurred.

Sep 22, 2017 09:14 AM
Rainmaker
3,486,322
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

We can still get closing done in 35 to 45 days in Colorado.

 

Sep 26, 2017 11:49 AM
Rainmaker
4,395,885
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

In Colorado we have seen 3 week closings financing, and can close in a few days with CASH.   A 60-day close would never fly here.

Sep 25, 2017 08:30 AM
Rainmaker
1,593,703
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Lend Smart Mortgage, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

Right now we are going at most 45 days in California and Florida when using our trusted lenders

Sep 24, 2017 01:11 PM
Rainmaker
1,054,525
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

We're 21-30, 60 if we have to for something unusual.

Sep 23, 2017 09:33 PM
Rainmaker
1,907,870
Lottie Kendall
Compass - San Francisco, CA
Helping make your real estate dreams a reality

My current buyer purchase, with financing through Bank of American Home Loans, has a 21-day closing. Confirmed with the loan officer; pretty standard here in California.

Sep 23, 2017 04:39 PM
Rainmaker
4,798,831
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I did 60 days when the new TRID rules came out.  Now back to 45-day closings.

Sep 23, 2017 06:42 AM
Rainmaker
4,432,941
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

yes

Sep 23, 2017 03:57 AM
Rainmaker
2,560,111
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Allow 60 and then beat that allowance down until you close

Sep 22, 2017 05:31 PM
Ambassador
1,706,708
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Pretty normal so what is the issue?

Sep 22, 2017 03:22 PM
Rainmaker
776,682
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

It varies; I've done one week for cash; 30 with financing, but depends on many factors.

Sep 22, 2017 02:59 PM
Rainmaker
3,187,295
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

Here in NH we do 14-28 for cash. We do 30-45 for conventional and 45 to 60 for fha or va. 

Sep 22, 2017 01:03 PM