Wednesday, January 2, 2013

It takes time

Many of my clients buying or selling a home ask: "How long is it going to take to close?"  The answer is always - longer than you would like it to.  The time it takes to close varies based on a number of factors.  These factors can include:

  • How long it takes for contracts to be negotiated
    • Does something come up that requires contracts to be renegotiated?  For example, the appraisal can come in too low for the lender to loan.
  • The survey...is there bad weather
  • The lender's time frame
  • Acts of God - no I am serious.  When my husband and I bought our home, the County Government Center was closed due to Hurricane Irene and Tropical Storm Lee which prevented the title company from doing its title search.
Whether buying or selling, allow extra time for the closing.  It may take longer to happen, but as the saying goes, good things come to those who wait.

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