Andrew Cooper (Other)

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Rainmaker
1,231,031
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

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.

Feb 22, 2019 09:15 AM
Ambassador
1,631,683
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Yes.

Feb 22, 2019 09:05 AM
Ambassador
3,282,814
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

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.

Feb 22, 2019 09:39 AM
Rainer
47,005
Ken Jones, REALTOR®
Realty One Group Central - Freehold, NJ
Associate Broker, SCGREA

Andrew Cooper Cash purchases MAY be faster than those that are purchased with a mortgage loan.

However, there's no guarantee that an all-cash transaction will close SIGNIFICANTLY faster since all-cash buyers still typically want property inspections and frequently also want an appraisal of the property.

The ONLY POTENTIAL BENEFIT of an all-cash transaction is that it removes the risk associated with a buyer obtaining their mortgage loan.

THAT SAID, there are many circumstances of all-cash transactions that have NEVER closed because the buyer's source of cash was negatively influenced. This happens when financial investments (e.g. stocks, bonds, etc.) lose value between the date the contract was signed and the scheduled closing date.

Overall, there's RISK associated with EVERY real estate transaction, whether it's all-cash or financed. It's only the AMOUNT OR LEVEL OF RISK that may change.

Feb 22, 2019 10:14 AM
Rainmaker
756,776
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

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.

Feb 22, 2019 09:09 AM
Rainmaker
1,026,935
Susan Haughton
Long and Foster REALTORS (703) 470-4545 - Alexandria, VA
Susan & Mindy Team...Honesty. Integrity. Results.

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. 

Feb 22, 2019 08:54 AM
Rainmaker
4,957,260
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

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.... 

Feb 22, 2019 08:53 AM
Rainmaker
1,054,746
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Yes. 

Feb 22, 2019 09:36 PM
Rainer
231,106
Caroline Gerardo
CMG Financial - Newport Beach, CA
C. G. Barbeau the Loan Lady nmls 324982

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.

Feb 22, 2019 03:43 PM
Rainmaker
1,536,835
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Geneva Financial, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

It can be depending on the parties to the contract

Feb 22, 2019 03:20 PM
Rainmaker
1,595,381
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

Ya! As soon as the title work is updated you can close. I think the fastest I've had was about 4 days.

Feb 22, 2019 10:58 AM
Rainmaker
996,914
Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

You really need a better school Andrew this is getting ridiculous!

Feb 22, 2019 10:45 AM
Rainmaker
2,981,566
Richard Weeks
Dallas, TX
REALTOR®, Broker

You bet

Feb 22, 2019 10:28 AM
Rainmaker
212,231
Joseph Domino 480-390-6011
HomeSmart - Scottsdale, AZ
Real Estate Made Easy

As fast as the seller can count it!

Feb 22, 2019 10:25 AM
Rainmaker
541,491
Maria Sapio
Keller Williams of Central PA - Carlisle, PA
Real Estate Agent- Carlisle, PA. Mariasapio.com

Yes, it can be. Although, I have had cash buyers that schedue a closing in 30-45 days since they want additional time anyway - 

Feb 22, 2019 10:22 AM
Rainmaker
437,839
Greg Large
ERA Real Solutions - Grove City, OH
A Tradition of Trust

other factors may be in play but significantly so is possible.

Feb 22, 2019 09:50 AM
Rainmaker
697,977
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

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.

Feb 22, 2019 09:33 AM
Rainmaker
3,060,881
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

It can be.

Feb 22, 2019 09:29 AM
Rainmaker
4,408,726
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Yes, the power of Cash.  A

Feb 22, 2019 09:10 AM
Ambassador
3,968,657
Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

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.

Feb 22, 2019 09:01 PM
Rainmaker
171,164
Mary Jo Quay
Remax Results - Edina, MN
I Move You Home

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. 

Feb 22, 2019 06:34 PM
Rainmaker
383,406
Abby Stiller
REMAX Realty Group - Cape Coral, FL
Professional Bilingual Realtor (239) 284-8637

Yes, cash is king

Feb 22, 2019 03:46 PM
Rainmaker
430,281
Greg Cremia
Shore Realty of the Outer Banks - Nags Head, NC

It depends on where that cash is kept.

Feb 22, 2019 02:10 PM
Rainmaker
673,110
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

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.

Feb 22, 2019 01:38 PM
Rainmaker
63,991
Ricardo Mello
Manhattan Miami Real Estate - Manhattan, NY
Manhattan & Miami Real Estate Agent

Yes

Feb 22, 2019 01:30 PM
Rainmaker
287,172
Buzz Mackintosh
Mackintosh REALTORS - Frederick, MD
“Experience, reliable, leadership”

Yes, cuts all the red tape and you can clo$e very fast!

Feb 22, 2019 12:45 PM
Rainmaker
5,347,601
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Usually.

Feb 22, 2019 10:56 AM
Rainmaker
2,446,896
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

A small part of the deal is moved forward sooner because of cash however other things take the necessary time unless they are waived

Feb 22, 2019 09:45 AM
Rainmaker
1,252,221
Raymond E. Camp
Howard Hanna Real Estate Services - Ontario, NY
Licensed Real Estate Salesperson Greater Rochester

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.

Feb 22, 2019 09:39 AM
Rainmaker
3,244,313
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

As fast as the closing agent can process title insurance and schedule a time!

Feb 22, 2019 09:32 AM
Rainmaker
761,679
Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

The turn around is much faster when banks are not involved

Feb 23, 2019 06:24 AM
Rainmaker
2,977,079
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

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. 

Feb 23, 2019 05:32 AM
Rainmaker
1,193,173
Donald Urschalitz
One World Realty Inc. - Jupiter, FL
P.A. Realtor ABR RSPS North Palm Beach County

Yes since we are a title state we can close within 72 hours.

Feb 23, 2019 05:10 AM
Rainmaker
2,889,069
James Dray
Fathom Realty - Rogers, AR
Exceptional Agents, Outstanding Results

Cash offers can close in half the time, about two weeks

Feb 23, 2019 02:23 AM
Ambassador
4,169,342
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Much faster

Feb 22, 2019 10:41 PM
Rainmaker
1,007,730
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

I have seen 24-36 hour closing.

Feb 22, 2019 10:37 AM
Rainmaker
2,783,215
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

I certainly should be. 

Feb 23, 2019 10:26 AM
Rainmaker
768,712
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

It sure does! Fastest we have closed is 5 days I think.

Feb 23, 2019 09:04 AM
Rainmaker
4,066,766
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

It can be if the home is vacant.   Can close a cash deal in a week.

Mar 08, 2019 11:22 AM
Rainmaker
3,142,962
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Cut in Half

Feb 26, 2019 12:32 PM
Rainmaker
4,432,093
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Yes.

Feb 24, 2019 07:22 AM
Rainmaker
4,797,120
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Yes, in most cases.

Feb 23, 2019 07:30 AM
Rainmaker
625,285
Brenda Mayette
Miranda Real Estate Group, Inc. - Glenville, NY
Getting results w/ knowledge & know-how!

Yes.  Get proof of funds and title work and then head to the table.  :)

Feb 23, 2019 07:17 AM
Rainer
417,707
Rose Mary Justice
Synergy Realty Pros - Dandridge, TN
Synergy Realty Pros

It can be done as soon as title work is completed.  So yes it can be.

 

Feb 23, 2019 06:48 AM