1,502,998
EXTREMELY!! I represent all-cash buyers for 99.999% of my buyer business. They can close as soon as escrow can draft the deed paperwork (2-3 days at most). There is no need for an appraisal (usually 10 days to get an appraiser out to inspect the home) and no loan process (10-30 days, depending on the lender, typically 30 days). Standard financed transaction is 30-40 days.
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Kathleen Daniels, Prob...
San Jose, CA
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Doug Dawes
Topsfield, MA
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Abby Stiller
Cape Coral, FL
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Bob "RealMan" Timm
Minot, ND
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Joseph Domino 480-390-...
Scottsdale, AZ
-
Debe Maxwell, CRS
Charlotte, NC
-
Nina Hollander, Broker
Charlotte, NC
1,712,676
Yes.
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Kathleen Daniels, Prob...
San Jose, CA
-
Doug Dawes
Topsfield, MA
-
Bob "RealMan" Timm
Minot, ND
-
Joseph Domino 480-390-...
Scottsdale, AZ
-
Debe Maxwell, CRS
Charlotte, NC
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Nina Hollander, Broker
Charlotte, NC
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Ron and Alexandra Seigel
Carpinteria, CA
5,229,945
You bet - if you have agents who guide the clients properly through the Due Dliigence period and are on the ball! Title search can take 3-4 days so, if the agents are on the ball, it can be done in 7-10 days fairly easily.
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Kathleen Daniels, Prob...
San Jose, CA
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Doug Dawes
Topsfield, MA
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Anthony Acosta - ALLAT...
Atlanta, GA
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Bob "RealMan" Timm
Minot, ND
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Abby Stiller
Cape Coral, FL
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Joseph Domino 480-390-...
Scottsdale, AZ
921,504
It can be done in a day.
However, the buyer just might want to complete a title search to verifiy they are buying ONLY the house and not hidden debt.
That could add a day or two.
FAST, GOOD or CHEAP. Take care regarding the two you can choose. The cost is the one left out.
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Doug Dawes
Topsfield, MA
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Bob "RealMan" Timm
Minot, ND
-
Joseph Domino 480-390-...
Scottsdale, AZ
-
Debe Maxwell, CRS
Charlotte, NC
-
Ron and Alexandra Seigel
Carpinteria, CA
1,027,602
Absolutely. Since there is no loan process, depending on any other contingencies, it can be much faster and in some cases, just as soon as the title work can be done.
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Doug Dawes
Topsfield, MA
-
Bob "RealMan" Timm
Minot, ND
-
Joseph Domino 480-390-...
Scottsdale, AZ
-
Debe Maxwell, CRS
Charlotte, NC
-
Nina Hollander, Broker
Charlotte, NC
5,583,278
much faster..... in my state of MA, we use attorneys not title companies.... the closing can be as quickly as the title is done....usually start to finish a 10 day close....
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Doug Dawes
Topsfield, MA
-
Bob "RealMan" Timm
Minot, ND
-
Joseph Domino 480-390-...
Scottsdale, AZ
-
Debe Maxwell, CRS
Charlotte, NC
-
Ron and Alexandra Seigel
Carpinteria, CA
2,220,323
Yes.
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Kathleen Daniels, Prob...
San Jose, CA
-
Doug Dawes
Topsfield, MA
-
Bob "RealMan" Timm
Minot, ND
-
Anthony Acosta - ALLAT...
Atlanta, GA
417,221
Cash buyer only needs to fill out escrow or attorney paperwork. Then they wire transfer funds. Cash can close in 3 days. I can close a loan in 7 days.
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Kathleen Daniels, Prob...
San Jose, CA
-
Doug Dawes
Topsfield, MA
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
1,725,996
It can be depending on the parties to the contract
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Kathleen Daniels, Prob...
San Jose, CA
-
Doug Dawes
Topsfield, MA
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
2,390,549
Ya! As soon as the title work is updated you can close. I think the fastest I've had was about 4 days.
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Doug Dawes
Topsfield, MA
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Debe Maxwell, CRS
Charlotte, NC
-
Abby Stiller
Cape Coral, FL
1,153,794
You really need a better school Andrew this is getting ridiculous!
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Doug Dawes
Topsfield, MA
-
Debe Maxwell, CRS
Charlotte, NC
-
Candice A. Donofrio
Fort Mohave, AZ
-
Bob "RealMan" Timm
Minot, ND
4,882,355
You bet
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Kathleen Daniels, Prob...
San Jose, CA
-
Doug Dawes
Topsfield, MA
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
508,218
As fast as the seller can count it!
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Doug Dawes
Topsfield, MA
-
Greg Large
Grove City, OH
-
Bob "RealMan" Timm
Minot, ND
-
Candice A. Donofrio
Fort Mohave, AZ
564,494
Yes, it can be. Although, I have had cash buyers that schedue a closing in 30-45 days since they want additional time anyway -
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Doug Dawes
Topsfield, MA
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
-
Joseph Domino 480-390-...
Scottsdale, AZ
643,995
other factors may be in play but significantly so is possible.
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Doug Dawes
Topsfield, MA
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
-
Joseph Domino 480-390-...
Scottsdale, AZ
1,052,196
MUCH faster. Also, the costs associated with obtaining a loan are eliminated so it's cheaper to pay all cash. Now. Why aren't you leveraging your money with some financing? There may be reasons to not tie up all your cash in the purchase, depending on your financial goals. At any rate, it's best to have some equity in your house when you walk in the door. Either because you bought right, and or made a decent DP. The buying right won't help you until you resell, though.
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Doug Dawes
Topsfield, MA
-
Bob "RealMan" Timm
Minot, ND
-
Joseph Domino 480-390-...
Scottsdale, AZ
-
Debe Maxwell, CRS
Charlotte, NC
5,104,931
It can be.
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Kathleen Daniels, Prob...
San Jose, CA
-
Doug Dawes
Topsfield, MA
-
Bob "RealMan" Timm
Minot, ND
-
Joseph Domino 480-390-...
Scottsdale, AZ
5,772,575
Yes, the power of Cash. A
-
Doug Dawes
Topsfield, MA
-
Bob "RealMan" Timm
Minot, ND
-
Joseph Domino 480-390-...
Scottsdale, AZ
-
Nina Hollander, Broker
Charlotte, NC
5,048,883
Typically yes, but depends on what is negotiated with the seller, and getting through the due diligence period. Just becuase a buyer can close quickly does not mean the seller is ready to move out that fast.
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Kathleen Daniels, Prob...
San Jose, CA
-
Doug Dawes
Topsfield, MA
-
Bob "RealMan" Timm
Minot, ND
176,764
the buyer can close as soon as they have title work and remove the inspection contingency. Clear title has been the bugger in distressed properties.
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Doug Dawes
Topsfield, MA
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
785,431
Yes, cash is king
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Doug Dawes
Topsfield, MA
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
556,536
It depends on where that cash is kept.
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Doug Dawes
Topsfield, MA
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
1,311,397
With a cash purchase, there is no need for the time-consuming appraisal and loan approval from a lender. A cash purchase can close much faster then a purchase that involves financing.
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Doug Dawes
Topsfield, MA
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
74,540
Yes
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Doug Dawes
Topsfield, MA
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
628,764
Yes, cuts all the red tape and you can clo$e very fast!
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Doug Dawes
Topsfield, MA
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
7,835,407
Usually.
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Doug Dawes
Topsfield, MA
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
2,781,153
A small part of the deal is moved forward sooner because of cash however other things take the necessary time unless they are waived
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Doug Dawes
Topsfield, MA
-
Bob "RealMan" Timm
Minot, ND
-
Joseph Domino 480-390-...
Scottsdale, AZ
1,513,143
If a buyer has approvals in hand a home may close in less than 30 days, a cash buyer generally with title search can be quicker.
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Doug Dawes
Topsfield, MA
-
Bob "RealMan" Timm
Minot, ND
-
Joseph Domino 480-390-...
Scottsdale, AZ
5,216,381
As fast as the closing agent can process title insurance and schedule a time!
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Doug Dawes
Topsfield, MA
-
Bob "RealMan" Timm
Minot, ND
-
Joseph Domino 480-390-...
Scottsdale, AZ
1,196,798
The turn around is much faster when banks are not involved
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Kathleen Daniels, Prob...
San Jose, CA
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Anthony Acosta - ALLAT...
Atlanta, GA
3,416,038
I sell many bank owned and investment properties, the buyers are all cash and most close in 7 to 14 days. When getting a mortgage, it is 30-45 days and for VA or FHA, could be 60 days.
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Doug Dawes
Topsfield, MA
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Bob "RealMan" Timm
Minot, ND
1,325,299
Yes since we are a title state we can close within 72 hours.
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Doug Dawes
Topsfield, MA
-
Bob "RealMan" Timm
Minot, ND
3,626,530
Cash offers can close in half the time, about two weeks
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Doug Dawes
Topsfield, MA
-
Bob "RealMan" Timm
Minot, ND
6,393,154
1,239,801
I have seen 24-36 hour closing.
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Doug Dawes
Topsfield, MA
-
Bob "RealMan" Timm
Minot, ND
3,345,091
809,258
It sure does! Fastest we have closed is 5 days I think.
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Kathleen Daniels, Prob...
San Jose, CA
5,868,472
4,936,108
4,434,127
4,800,082
851,242
536,943