Closing Escrow – How Much Time Does It Take?
Filed under: Home Tips
When you are preparing to buy a home, it’s important that you know the anticipated timeline for closing. The finalization of this sale can depend on many factors. While common pitfalls can delay this closing, a good financing team and real estate agent can help you avoid these delays.
Escrow Strategies
The most common timeline to close escrow is 30 days. But the details that affect this timeline are negotiable – so think about the situation from the perspective of the other party. Is there anything the seller needs? If they are on a tight timeline, then you might be able to win the bid by shortening the timeline to 21 days. Or, if the seller is looking for another home, then you might have more success suggesting a 45-day timeline to give them time to find the next property.
Your real estate agent can help you get information from the other side, then use this strategy in the negotiations. Learning more about the other party gives you an edge over other potential buyers.
Changing Escrow Times for Every Transaction
While the common assumption is that you will have escrow for 30 days, don’t think that this timeframe is set in stone for every deal. Both the buyer and seller have flexibility in navigating the terms of this agreement to find the best win-win solution for both parties.
Don’t jump to conclusions about this timeline. Instead, look for personal recommendations from an experienced real estate expert. I’m here to answer your questions and help you find new solutions to meet your real estate goals.
Not only can I assist with negotiations for the escrow period, but I am here to provide the support you need through the entire real estate process. I’m happy to offer strategy and advice, while advocating for the best solutions for your family.
Ultimately, my goal is to provide you with a smooth, easy experience when buying your next home. Whether you are ready to sell your current property, or you need help finding the right home to match your goals, reach out any time. I’m just a phone call away and available to provide information about Temecula real estate. Call, text, or email me at (951) 473-0390 or [email protected].