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John Meussner
Mason-McDuffie Mortgage, Conventional Loans, Jumbo Loans, FHA, 203(k), USDA, VA, - Walnut Creek, CA
#MortgageMadeEasy Walnut Creek, CA 484-680-4852

Thanks for the responses, interesting to see so many different answers.

Jill Murty, Realtor I appreciate that.  Reason I asked the question is with rates falling and both refinance & purchase business picking up quickly, I'm still getting 3 week contracts.  We can do them now, but I worry in a few weeks it could cause a lot of the problems/headaches you mention.

Jan 21, 2015 11:51 AM
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Evelyn Johnston
Friends & Neighbors Real Estate - Elkhart, IN
The People You Know, Like and Trust!

Absolutley not! I taylor it to the normal processing time of my Lender for the type of loan they are going to apply for.  If I believe their will be multiple offers I say in my cover letter that closing times are flexible for the buyers.

Jan 21, 2015 11:41 AM
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Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

Yes it is a concern so I will add a little bit of extra time but not too much because we have lenders that will take every extra day we give them and not try to close earlier.

Jan 21, 2015 11:33 AM
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Susan Haughton
Long and Foster REALTORS (703) 470-4545 - Alexandria, VA
Susan & Mindy Team...Honesty. Integrity. Results.

In a busy market, a shorter escrow is sometimes necessary in order to be competitive, but it has to be a date the lender thinks we can hit.

Jan 21, 2015 08:31 AM
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Jill Murty, Realtor - Orange County, CA
Sunset Properties, Powered by Movoto - Laguna Niguel, CA

I speak with the lender and ask what timeline is completely realistic.  I think that small step can set expectations and avoid having to solve problems later on.

Jan 21, 2015 07:23 AM
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Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

No, John, though I will factor in the time needed for a loan approval and the desires of both parties as to a mutually acceptable date.

Jan 21, 2015 07:13 AM
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Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Best to consult with the lender that pre approved the buyer when setting these dates.

Sep 11, 2019 11:18 PM
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Dipti Thakkar
LAER Realty Partners - Andover, MA
On a team with Praful Thakkar

Yes.

May 31, 2018 04:30 PM
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Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

I recommend getting as close to what the Seller wants as possible

May 18, 2017 05:47 AM
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Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

I mainly work with buyers that are preapproved....not pre qualified. So that isn't a problem and gives me an edge. I'm also in close contact with the lender. 

Jan 21, 2015 02:36 PM
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Sybil Campbell
Long and Foster REALTORS® 5234 Monticello Ave Williamsburg, Virginia - Williamsburg, VA
REALTOR® ABR, SFR, SRES Williamsburg, Virginia

I usually ask the loan officer how much time is needed and also take into account my buyer's time line.

Jan 21, 2015 02:03 PM
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William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

I try and make a closing date that is beneficial to my clients.  Closer to the end of the month the better for their closing costs.  But if they want an earlier one...that is what we shoot for.   I don't have any issue with underwriters getting my loans done.   My lendeer knows that if they can't do it I wil fins someone that will so I dont' have any issues.

Jan 21, 2015 12:52 PM
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Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

I usually check with the listing agent John Meussner about what seller is looking forward to - and if that works well with the buyers, that becomes the closing date.

Jan 21, 2015 12:04 PM