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Rainmaker
3,338,816
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Real Estate Agents - Luxury - Divorce

45ish...haven't missed a one !

May 07, 2016 11:09 PM
Rainmaker
1,803,371
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

Some do the 'look what I've done' email that they close in 10 days or something but most of the time it's 60. A nail biting 60.

May 08, 2016 02:05 AM
Rainmaker
987,515
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

We just got a clear to close on Friday for a contract that was executed April 15th. That was pretty wild actually. Everybody's basically requiring 40-45 days now.

May 08, 2016 01:05 AM
Rainmaker
887,338
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

Minimum 30, 45 is good overall, 60 is almost always safe. Depends on title company and lender, buyer and seller situations, inspections and contingencies, etc.

May 07, 2016 11:46 PM
Rainmaker
4,428,535
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Ready?  

It depends -- a lender actually said those actual words.

On the lender.

On the borrower.

 

May 07, 2016 11:14 PM
Rainmaker
965,973
Jennifer Mackay
Counts Real Estate Group, Inc. - Panama City, FL
Your Bay County Florida Realtor 850.774.6582

we're running 30-60 with a 3 day right

May 08, 2016 09:40 PM
Ambassador
4,318,952
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Tony and Suzanne Marriott, Associate Brokers - well, one of the lender says, it should be 3 weeks only! (In practical situation, at least 30 days...)

May 08, 2016 04:10 PM
Rainmaker
5,771,198
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Tony and Suzanne,

We echo Michael Jacobs it depends remains the perfect answer. A

May 08, 2016 01:53 PM
Rainmaker
3,986,061
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

I am doing 30 conv. and 45 Fha

May 08, 2016 12:52 PM
Rainmaker
2,707,616
Lisa Von Domek
Lisa Von Domek Team - Dallas, TX
....Experience Isn't Expensive.... It's Priceless!

I am still at 30 days with my lenders and have only had a few offers that have come in from buyer's agents with more.  The strong lenders have not needed more time just because of TRID.  Depending on where a VA buyer is in their process, that loan may need up to 45.

May 08, 2016 10:39 AM
Ambassador
3,987,876
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

I have some lenders able to close VA in 30 days. FHAs are taking a little longer around 40 days. Conventional is under 30.

May 08, 2016 09:44 AM
Rainmaker
1,027,585
Susan Haughton
Long and Foster REALTORS (703) 470-4545 - Alexandria, VA
Susan & Mindy Team...Honesty. Integrity. Results.

We have not noticed a difference here;  one of my favorite lenders just closed VA in 27 days, another closed VHDA in 30 days.  Conventional 25-30 days all day, every day. Just not seeing a problem at all. 

May 08, 2016 09:04 AM
Rainmaker
4,799,935
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I'm being advised 45 days or longer is preferred.

May 08, 2016 08:00 AM
Rainmaker
864,608
Les & Sarah Oswald
Realty One Group - Eastvale, CA
Broker, Realtor and Investor

Better to be safe than sorry. I lean toward 45 days closing for conventional.

May 08, 2016 07:41 AM
Rainmaker
4,685,731
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

40-45 makes sense although I've got some able to pull it off in 30! FHA probbly beter say 60 days.

May 08, 2016 07:31 AM
Ambassador
3,725,352
Patricia Kennedy
RLAH Real Estate - Washington, DC
Home in the Capital

Same as before - 30 for conventional and 45 for VA and FHA.

May 08, 2016 04:49 AM
Rainmaker
1,464,987
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

45 is common.  I still shoot for 30 day escrows and have been pretty successful so far.  Most have closed within days of the 30 mark.  Have a 40 day right now that is almost a week delayed due to the appraiser screwing up the report.

May 08, 2016 04:34 AM
Rainer
56,634
LeAnn Sink - Realtor Knoxville, TN
United Real Estate Solutions - Knoxville, TN
#ThinkSink when you need an agent.

30 days conventional

45 days FHA/VA

May 08, 2016 04:16 AM
Rainmaker
1,525,555
Sybil Campbell
Fernandina Beach, FL
Referral Agent Amelia Island Florida

It is closer to 45 most of the time.

May 08, 2016 04:14 AM
Rainmaker
2,809,149
Dick Greenberg
New Paradigm Partners LLC - Fort Collins, CO
Northern Colorado Residential Real Estate

Hi Tony & Suzanne - Our lender is telling us 45 for conventional and 60 for FHA, and so far, we have been very comfortable within those bounds, and have pushed a couple at 30 for conventional and made those work as well.

May 08, 2016 04:02 AM
Rainmaker
5,582,174
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

45 -60 days.....

May 08, 2016 04:00 AM
Ambassador
3,235,196
Kathleen Daniels, Probate & Trust Estate Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

My lender, an AR member, John Meussner and I are closing loans, including FHA, in 30 days. That can happen when EVERYONE does what they are supposed to do when they are supposed to do it.   

May 08, 2016 01:44 AM
Rainmaker
7,403,894
Roy Kelley
Retired - Gaithersburg, MD

30 t0 45 days is common.

May 08, 2016 01:38 AM
Rainer
392,292
Anna Hatridge
R Gilliam Real Estate LLC - Farmington, MO
Missouri Realtor with R Gilliam Real Estate LLC

In our area it is 45 for conventional and 60 for everything else.

May 08, 2016 12:45 AM
Rainmaker
627,775
Jeffrey Jones
AZ Home Seekers - San Tan Valley, AZ
AZ Home Seekers, azhomeseekers.com

we have seen it done in 4 weeks a few times, generally safer to write in 45 or sooner.

May 08, 2016 12:38 AM
Rainmaker
468,960
Dan Pittsenbarger
Keller Williams Western Realty - Bellingham, WA
Improving Conditions

Most lenders in our area are recommending 45 days for a FHA/VA loan, 30 for conventional, 60+ for rehab (FHA 203K or the Fannie Homestyle loan).

May 08, 2016 12:32 AM
Rainmaker
3,624,863
James Dray
Fathom Realty - Bentonville, AR

45 to 60

May 08, 2016 12:28 AM
Ambassador
960,075
Frank Rubi
Frank Rubi Real Estate, LLC - Metairie, LA
FrankRubiRealEstate.com

My last deal closed in 28 days. Since last Oct I was using 60 days. Now I  am using 45 days. We will see if this strategy works.

May 08, 2016 12:12 AM
Rainmaker
4,597,047
Richard Weeks
Dallas, TX
REALTOR®, Broker

We have used 45 days with no problems.

May 07, 2016 11:49 PM
Rainmaker
4,868,446
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Thinking 60 is a safe number.

May 07, 2016 11:36 PM
Rainmaker
1,482,233
Raymond E. Camp
Ontario, NY

Depending on type of approval at writing; 30 to 60 days.

May 07, 2016 11:14 PM
Rainmaker
4,624,344
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

I just wrote a contract last night and the lender said make it may 31, I said are you sure and he said yes.  Most lenders are 40 days.

May 12, 2016 11:26 PM
Rainmaker
617,835
David Gibson CNE, 719-304-4684 ~ Colorado Springs Relocation
Colorado Real Estate Advisers LLC - Colorado Springs, CO
Relocation, Luxury & Lifestyle residential

We are seeing closings back in the 4 -6 week range. High transaction loads are a bigger slow down than TRID.

May 10, 2016 01:10 PM
Rainmaker
5,636,604
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

They originally said 3-45 days, but had one close last month in 2.5 weeks.

May 10, 2016 05:38 AM
Rainmaker
874,447
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

45 or so is what one hears.

May 08, 2016 11:58 PM
Rainmaker
4,816,749
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

My lenders have been closing my clients in 35 days or less regardless of type of loan.

May 08, 2016 09:57 PM
Ambassador
4,882,559
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

It depends on the lender and the borrower I think. In 2 recent cases...30 days OK. One lender recommended 45

May 08, 2016 12:52 AM
Ambassador
6,042,777
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Good question, I agree with most of those below, wonder what the new trump world will do to trid?

Jun 13, 2017 05:33 PM