How Long Does it Typically Take to Close Escrow?
Filed under: Temecula Real Estate
If you are planning to buy a home, it is important to know the anticipated timeline for closing. Many factors can affect the length of time that it will take to finalize the sale of a property. But working with a good real estate agent and financing team is the best thing you can do to avoid common pitfalls.
Strategies for Escrow
30 days is the common timeframe for closing escrow. However, everything that affects the timeline is negotiable. As a home buyer, you need to think about it from the standpoint of the other party. What does the seller need? Would it help you to win the bid by offering to close in 21 days if they are trying to sell the property as soon as possible? Or, maybe you might have an easier time winning the bid if the seller prefers 45 days because they need time to find another home.
Get more information from the other side so that you can use this information in negotiations. As you learn more about the preferences of the other party, you can improve your strategy to help you win over other buyers.
Adjusting Escrow Times for Each Transaction
It is a common assumption that the required escrow time is 30 days. But this timeframe isn’t set in stone. The buyer and the seller have the flexibility to negotiate the terms that are going to work best for the deal.
Instead of jumping to conclusions about the escrow period, it’s best to work with an experienced real estate expert for personal recommendations. Talk to me to learn more about the ways that I can help with your real estate needs. Not only will I offer advice and strategy for negotiating the escrow period, but I can assist with every step of the real estate process. My goal is to make it a smooth, stress-free experience when you are buying or selling a home. For more information about Temecula real estate, call, text or email: (951) 473-0390 or [email protected]