Luz Hebda

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2,470,774
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate - St. George, UT
So Utah Residential, Referral & Relocation REALTOR

Click here for some answers. Good luck to you Luz!

Jan 06, 2021 05:50 PM
Rainmaker
1,345,363
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Execution?  Out here we use "Fully Executed" to mean all parties have signed off on the contract.  That could be 1-3 days, sometimes more depending on negotiations.

 

Or are they referring to completion of the escrow, which is typically 30 days from a fully executed contract, but can be as long as 45, 60, 90 or even years in some cases.

 

Then there are cash offers, which I've seen close in as little as 1 DAY.

Jan 07, 2021 07:47 AM
Rainmaker
800,185
Peter Mohylsky. Broker Associate
PrimeSouth Properties - Santa Rosa Beach, FL
THE BEACH IS OPEN AND WAITING FOR YOU

It all depends in this crazy world.  You might be able to close a cash deal in less than 7 days but this is not the norm.  45 days is the new norm for a financed deal.  

Jan 07, 2021 04:56 AM
Rainmaker
3,891,071
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

30-45 days for a typical residential real estate contract and up to a year or more for a commercial parcel.

Jan 07, 2021 03:40 AM
Ambassador
3,184,597
Anna Banana Kruchten CRS CRB, Phoenix Broker
HomeSmart Real Estate BR030809000 - Phoenix, AZ
602-380-4886

30 to 45 days Luz

Jan 06, 2021 08:24 PM
Rainmaker
2,967,134
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

I am with Ryan Huggins - Thousand Oaks, CA 

Let's define "Execution"  ... which will help avoid misunderstanding and miscommunication. 

Jan 07, 2021 08:47 AM
Rainmaker
1,998,934
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Today most Residential Settlements ( in our area) seem to occur between in 30 to 60 days 

Jan 07, 2021 07:40 AM
Rainmaker
3,767,954
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

There is no "typical" timeline.... it's a negotiated time period between buyer and seller. And you're not being very clear... are you talking about the ratification of an offer to make it a contract or the final execution of a settlement?

Jan 07, 2021 07:00 AM
Ambassador
2,528,211
Fred Griffin Tallahassee Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

 Cash deal with no inspections or appraiser 3 days.

 Cash deal with inspections depends upon how fast you can get the inspector(s) to the house.  Right now 7 to 10 days.  In a boom market it might be two weeks or more.

 Mortgage deal 30 to 45 days, maybe longer if it's an Assistance Loan.

Jan 07, 2021 06:54 AM
Rainmaker
573,037
Ernie Steele
Berkshire Hathaway HomeServices Homesale Realty - Lebanon, PA
Call me, let's get started!!! 717-273-3774

In my area, 45 days is the norm on the contract

Jan 07, 2021 05:36 AM
Rainmaker
854,570
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

Tyical,hmmmmm.....
It depends. 
For example in Iowa, where most homes will be purchased via FHA, the timeline to CLOSE is 4 to 6 weeks.
In Florida, where a lager portion of homes are CASH purchases from retiree or self-directed 401K's the timeline to CLOSE can be 4 days to 2 weeks.
Then, in both cases there is the home inspector whose search for relevance creates unnecessary mayhem for everyone. This can add a month to the closing timeline.
I'm sure Utah has it own unique tradition.
So, it depends.

Jan 07, 2021 04:54 AM
Rainmaker
5,220,661
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Luz,

It depends on circumstances that may arise during the process of closing. Wishing you all the best in your studies.  A

Jan 06, 2021 08:58 PM
Rainmaker
1,617,039
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Click on the link to find out:   Click Here

Jan 07, 2021 11:31 AM
Rainmaker
948,424
Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

30 - 45 days is the expected timeframe BUT y9u never know what wil lhappen

Jan 07, 2021 08:23 AM
Rainmaker
6,211,912
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Much will depend on the terms of the contract and the type of financing that is being used.

Jan 07, 2021 07:16 AM
Rainmaker
504,998
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

Depends on the financing typically. Those with cash can close as quickly as the title company can produce the preliminary title report - some as fast as a few days.  With financing, it is usually 30 to 45 days depending upon the speed of the appraisal and approval by underwriting.

Jan 07, 2021 11:24 AM
Rainmaker
2,595,120
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Typical the word...is misleading as all properties, people and transactions are unique and different. Allow 60-90 days and beat the allowance as you choose

Jan 07, 2021 10:26 AM
Rainmaker
797,072
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Clearly there are variations, but one would hope for inside of 30-45 days.

Jan 08, 2021 01:27 PM
Rainmaker
847,445
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

I will skip the discussion about the need to define what "execute" means as it is used in the context of forming a contract.

To close a transaction once a contract has been formed typically takes thirty-ish days. Sometime more (especially these days) and sometimes less. Sometimes, in the case of a cash purchase, much less.

Jan 08, 2021 09:50 AM