1,713,581
Good question and I think it is a current one on a three-plex I sold. The appraiser asked for an extension 4 times.
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Debe Maxwell, CRS
Charlotte, NC
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Susie Kay
Plano, TX
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Ryan Huggins - Thousan...
Thousand Oaks, CA
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Doug Dawes
Topsfield, MA
-
Bob Crane
Stevens Point, WI
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Nina Hollander, Broker
Charlotte, NC
1,466,257
Nathan Gesner A litle under four years. It was a land deal.
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Bob Crane
Stevens Point, WI
-
Debe Maxwell, CRS
Charlotte, NC
-
Candice A. Donofrio
Fort Mohave, AZ
-
Susie Kay
Plano, TX
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Doug Dawes
Topsfield, MA
6,687,212
I have had a few reo's that took around 6 months.
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Peter Testa
Danbury, CT
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Debe Maxwell, CRS
Charlotte, NC
-
Susie Kay
Plano, TX
-
Anthony Acosta - ALLAT...
Atlanta, GA
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Doug Dawes
Topsfield, MA
-
Bob Crane
Stevens Point, WI
719,777
Almost 2 years to the date. House became a probate issue during escrow to be 'cleared' the the probate court, and my buyer-client was highly encouraged to sit on the deal. During the 2 years, my client made money on the house by shear fact of capital appreciation over time, without ever owning it. Once the deal cleared, we flipped back on the market, and client made a six-figure gain.
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Debe Maxwell, CRS
Charlotte, NC
-
Candice A. Donofrio
Fort Mohave, AZ
-
Susie Kay
Plano, TX
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Doug Dawes
Topsfield, MA
-
Bob Crane
Stevens Point, WI
2,230,207
-
Peter Testa
Danbury, CT
-
Debe Maxwell, CRS
Charlotte, NC
-
Susie Kay
Plano, TX
-
Diana Dahlberg
Pleasant Prairie, WI
-
Anthony Acosta - ALLAT...
Atlanta, GA
778,025
I have had some monster short sales. Everything from hidden liens coming up on the title search last minute to the debt being sold off post approval. It delays things.
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Debe Maxwell, CRS
Charlotte, NC
-
Susie Kay
Plano, TX
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Doug Dawes
Topsfield, MA
-
Bob Crane
Stevens Point, WI
509,499
About 5 months and we had to switch to a different lender. It was a builder's home, though.
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Peter Testa
Danbury, CT
-
Debe Maxwell, CRS
Charlotte, NC
-
Anthony Acosta - ALLAT...
Atlanta, GA
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Susie Kay
Plano, TX
1,093,355
Selling my own home in 2012 ---- short sale process took a year and a half from accepted contract thru closing.
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Debe Maxwell, CRS
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
-
Susie Kay
Plano, TX
-
Anthony Acosta - ALLAT...
Atlanta, GA
1,714,411
Short Sale that took 14 months.
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Debe Maxwell, CRS
Charlotte, NC
-
Susie Kay
Plano, TX
-
Diana Dahlberg
Pleasant Prairie, WI
-
Anthony Acosta - ALLAT...
Atlanta, GA
1,100,939
3 years. It was a damn mess too. Dead people, fighting people, attorneys, oh my!
-
Debe Maxwell, CRS
Charlotte, NC
-
Candice A. Donofrio
Fort Mohave, AZ
-
Susie Kay
Plano, TX
-
Anthony Acosta - ALLAT...
Atlanta, GA
1,258,819
The longest delay was 3 months due to a title issue. As a result the buyer backed out.
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Peter Testa
Danbury, CT
-
Debe Maxwell, CRS
Charlotte, NC
-
Susie Kay
Plano, TX
-
Anthony Acosta - ALLAT...
Atlanta, GA
5,482,888
A probate issue delayed the closing by a little over 9 months!
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Debe Maxwell, CRS
Charlotte, NC
-
Susie Kay
Plano, TX
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Doug Dawes
Topsfield, MA
5,311,875
Really, can't recall any such long delays. I have had transactions that took a long time to close, but those longer closings were planned for and agreed to in the contract. But no serious unexpected delays beyond a few days.
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Susie Kay
Plano, TX
-
Anthony Acosta - ALLAT...
Atlanta, GA
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Doug Dawes
Topsfield, MA
-
Bob Crane
Stevens Point, WI
684,752
I had a house on the market -- a Short Sale: 3 Offers
1st Offer Accepted took 7 months and buyer walked.
2nd Offer Accepted took 9 months and buyer walked.
3rd Offer Accepted took 11 months and that buyer walked.
When I went to the house to fill the brochure box and check on the property -- my lock box had been sawed off ... the Bank Foreclosed on my Client -- and he was a Military Man serving in Afghanistan! Unbelievable! The longest time I've ever fought so hard ... almost got an ulcer on this one!
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Debe Maxwell, CRS
Charlotte, NC
-
Susie Kay
Plano, TX
-
Anthony Acosta - ALLAT...
Atlanta, GA
1,763,429
Nathan, we had a closing date of 9/16/16 that ended up closing on 1/16/17. That's about as long as I've ever had.
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Debe Maxwell, CRS
Charlotte, NC
-
Susie Kay
Plano, TX
-
Anthony Acosta - ALLAT...
Atlanta, GA
1,538,464
I think one month was the max on a residential sale.
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Debe Maxwell, CRS
Charlotte, NC
-
Susie Kay
Plano, TX
-
Anthony Acosta - ALLAT...
Atlanta, GA
8,150,772
I do not know.
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Debe Maxwell, CRS
Charlotte, NC
-
Susie Kay
Plano, TX
-
Anthony Acosta - ALLAT...
Atlanta, GA
564,544
I don't recall having anything too lengthy...
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Debe Maxwell, CRS
Charlotte, NC
-
Susie Kay
Plano, TX
-
Anthony Acosta - ALLAT...
Atlanta, GA
3,430,182
I had an FHA short sales that took one year!!!!!
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Debe Maxwell, CRS
Charlotte, NC
-
Susie Kay
Plano, TX
-
Anthony Acosta - ALLAT...
Atlanta, GA
2,324,089
5 months.
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Debe Maxwell, CRS
Charlotte, NC
-
Susie Kay
Plano, TX
-
Anthony Acosta - ALLAT...
Atlanta, GA
5,774,100
Nathan,
We had a sale that was depended on a change of variance, and that took 6 months.
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Debe Maxwell, CRS
Charlotte, NC
-
Susie Kay
Plano, TX
-
Anthony Acosta - ALLAT...
Atlanta, GA
5,167,137
About 3 weeks. Other longer closings were planned for
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Debe Maxwell, CRS
Charlotte, NC
-
Susie Kay
Plano, TX
-
Anthony Acosta - ALLAT...
Atlanta, GA
921,504
Excluding distressed and short sales, the longest delay was 3 months. The lender needed to SEE the wind rating for the garage door. Original installation company..out of business. That is when you realize if you aren't good to others, they may not help you out of a real bind.
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Debe Maxwell, CRS
Charlotte, NC
-
Susie Kay
Plano, TX
-
Anthony Acosta - ALLAT...
Atlanta, GA
609,780
13.5 months. But it was a short sale.
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Debe Maxwell, CRS
Charlotte, NC
-
Susie Kay
Plano, TX
-
Anthony Acosta - ALLAT...
Atlanta, GA
2,848,479
On options to purchase they could go 2 plus years....or depending
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Susie Kay
Plano, TX
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Doug Dawes
Topsfield, MA
1,619,511
2.5 years.
My very first short sale which started with WAMU and ended at Wacovia.
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Debe Maxwell, CRS
Charlotte, NC
-
Thomas J. Nelson, REAL...
La Jolla, CA
637,534
Total of about 3 months, waiting for the IRS and California Franchise Tax Board to clear it.
-
Debe Maxwell, CRS
Charlotte, NC
-
Anthony Acosta - ALLAT...
Atlanta, GA
5,584,639
decades ago, I had a Farmer's Home Loan financed deal and it took a year for the damn thing to close....that was my one and only deal financed that way in 39 years....
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Debe Maxwell, CRS
Charlotte, NC
-
Anthony Acosta - ALLAT...
Atlanta, GA
5,487,078
Short sale days...weeks...months come to mind!
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Peter Testa
Danbury, CT
3,213,379
10 months. It was a REO with a title cloud, but my buyer really wanted THAT house.
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Debe Maxwell, CRS
Charlotte, NC
3,988,138
I have had some long ones with a lease purchase that took a year and a half. I have had some custom homes that took eleven months.
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Debe Maxwell, CRS
Charlotte, NC
5,275,787
Can't remember any over 60 days..and that is considered long.
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Debe Maxwell, CRS
Charlotte, NC
2,184,389
I have a deal going right now that will be about 22 months by time it closes. Title search revealed some IRS liens that needed to be resolved and it's taking some time!
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Debe Maxwell, CRS
Charlotte, NC
1,262,352
4,434,227
Short sales and new construction.
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Anthony Acosta - ALLAT...
Atlanta, GA
6,003,885
That year I had a sale with the buyer being contingent on their sale. Their sale was delayed 3 days. This pushed back a total of 3 sales, as my Seller's home purchase was delayed also.
5,199,691
873,820
Sitting on a "regular sale" now that was supposed to close in October...
3,074,389
3,986,473