Paul S. Henderson, REALTOR®, CRS, South Puget Sound Washington Agent/Broker! (Fathom Realty Washington LLC)

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Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

 January 1 of 2019? 

  No problem.

Dec 20, 2017 10:31 PM
Rainmaker
613,494
Eve Alexander
Buyers Broker of Florida - Tampa, FL
Exclusively Representing ONLY Tampa Home Buyers

These are the same buyers who think:

  • that they can qualify because they just bought a new car, so it is OK
  • that a VA loan "guarantees" they can buy a home
  • that the listing agent is on their side...and will "help" them.

Eve

Dec 21, 2017 04:42 AM
Rainmaker
5,096,366
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

I have not... most of my transactions close in 30 days and often even less. For me, 40 day closing is long. I have fantastic lenders. I'm closing on a VA loan today that took about 25 days from contract date to closing date. But 10 days for any kind of loan, especially at holiday time, is a bit of a stretch.

Dec 21, 2017 04:11 AM
Rainmaker
1,046,794
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

Sure kid, we can do that. Just one thing you'll need. Cash!

Dec 20, 2017 11:46 PM
Rainmaker
1,619,316
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

My VA girl can close in 3 weeks, if they already verified docs, but 10 days wold be a stretch. 

Dec 20, 2017 11:32 PM
Rainer
509,449
Susie Kay
Ultra Real Estate Dallas Fort Worth - Plano, TX
North Dallas Specialist

It's not going to happen unless if they are using cash.  I had something like that a long time ago.  An out of town potential buyer wanted to purchase a "bargain" home, meaning short sale or reo and needed to close in a month. They were in the process of loan modification for their current out of town home. So go figure.

Dec 21, 2017 06:29 AM
Rainmaker
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Hella Mitschke Rothwell
(831) 626-4000 - Honolulu, HI
Hawaii & California Real Estate Broker

Ho, ho, ho...

Dec 21, 2017 12:48 AM
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Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Most people need educating.

Dec 21, 2017 12:41 AM
Rainer
225,526
Bob Betel
Allstar Home Mortgage, Inc. - Sweetwater, TN
President, Allstar Home Mortgage, Inc

That is 5 business days since they are expecting to close on the 29th! Many lenders work a half a day on Fridays the next two weeks also. And it's a VA. VA loans have to use the VA appraiser and it could take up to 7 days just for that. If you get the file submitted today, you'll get it underwritten by the 22nd, maybe the 26th. Lender then submits the conditions on the 27th, and gets those cleared by the 29th. So you could close by maybe the 2nd or 3th, but it's the VA appraisal that takes the longest.

Dec 21, 2017 06:20 AM
Rainmaker
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Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
CEO of Vision Drive Realty - Coastal San Diego

I explain to every new client the average speed of the market, which changes over time. I had a VA buyer once ask me on a Monday if he could own the home he bought by Friday before he deploys?!? Yikes, that was a real short meeting. Although, I have opened escrow on a Monday and closed that Friday with a cash buyer.

Dec 21, 2017 05:55 AM
Rainmaker
849,841
Brenda Mayette
Miranda Real Estate Group, Inc. - Glenville, NY
Getting results w/ knowledge & know-how!

What they all said plus an "Oh dear" with a shake of the head and slap to the forehead...! 

Dec 21, 2017 04:58 AM
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Kat Palmiotti
eXp Commercial, Referral Divison - Kalispell, MT
Helping your Montana dreams take root

This seems to be a question that everyone asks, regardless of time of year!

Dec 21, 2017 03:11 AM
Rainmaker
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James Dray
Fathom Realty - Bentonville, AR

Morning Paul.

Dreams vs reality, the two are weeks if not months apart.

Dec 21, 2017 02:23 AM
Rainmaker
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Pete Xavier
Investments to Luxury - Pacific Palisades, CA
Outstanding Agent Referrals-Nationwide

That happens, some have unrealistic expectations...the hope is that they soon understand reality.

Dec 20, 2017 11:47 PM
Rainmaker
2,219,617
Anthony Acosta - ALLATLANTAcondos.com
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

I always discuss the process with my buyers so I can mange their expectations. 

Dec 21, 2017 06:56 AM
Rainmaker
3,415,644
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

Yes every time, i like to go over this up front to eliminate issues when FHA or VA takes 60 days to close. Yes i got a call to asking if they can be in for Jan 1, they were approved they said, with an internet lender who said they can get it done. Send them $495

Dec 21, 2017 06:01 AM
Rainmaker
5,192,989
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Merry Christmas to their dreams! Now for the reality of the situation.

Dec 21, 2017 05:24 AM
Rainmaker
921,504
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

Of course. That is when the choices the buyer makes prove crucial. Those choices a buyer makes can harm the seller and extend time to close. So, I would advise, make your decision align with your goals. "Want to close FAST? I have the solution." 

I want to hear someone say, "Raise the bar for home buyers!"

Dec 21, 2017 05:22 AM
Rainmaker
1,840,236
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

Well it ain't gonna happen! Sometimes they think it's like a rental, they just move in on a certain date. Yes have had this a few times & I'm always surprised that they think 2 weeks tops gets it done.

Dec 21, 2017 05:06 AM
Rainmaker
1,712,551
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Good luck with that on a VA.

Dec 21, 2017 04:43 AM
Rainmaker
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Gloria Valvasori, Accredited Senior Agent
BETTER HOMES AND GARDENS REAL ESTATE SIGNATURE SERVICE - Mississauga, ON
REAL Experience | REAL Commitment | REAL Results!

Not yet, unless a home is vacant there is usually a 60+  possession date after the offer has been signed and accted and all conditions met.  If the home is vacant I have had closings in as little as 14 days.

Dec 21, 2017 04:39 AM
Rainmaker
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Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Yes, I try to avoid 30 day closings

Dec 21, 2017 03:15 AM
Rainmaker
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Sandy Padula & Norm Padula, JD, GRI
HomeSmart Realty West & Florida Realty Investments - , CA
Presence, Persistence & Perseverance

Good luck with that one. Usually, the lender will give them the bad news. Either way, we always mention it.

Dec 21, 2017 03:00 PM
Rainmaker
5,583,173
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

they're dreaming.... bring them down to reality..... 

Dec 21, 2017 01:33 PM
Rainmaker
544,014
Dave Halpern
Dave Halpern Real Estate Agent, Inc., Louisville, KY (502) 664-7827 - Louisville, KY
Louisville Short Sale Expert

Ain't gonna happen

Dec 21, 2017 09:54 AM
Rainmaker
1,498,578
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Yes, just about every buyer I've worked with.

Dec 21, 2017 09:52 AM
Rainmaker
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Roy Kelley
Retired - Gaithersburg, MD

This kind of information should be shared with all prospective purchasers.

Dec 21, 2017 08:15 AM
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Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES
Tropic Shores Realty - Ich spreche Deutsch! - Spring Hill, FL
Florida Waterfront and Country Club Living

Paul, that's a good one. Some people don't have a concept of how long something will take and just need to be informed. That is just one of the services we provide. 

Dec 21, 2017 07:39 AM
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Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

Yes. I am having that conversation with all agents writing an offer on a new listing of mine.  I caution them to be realistic about the time it will take given the upcoming holidays, vacation time people are taking and bank and title company closures. 

Dec 21, 2017 07:29 AM
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Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

OH WOW, Paul! Now, THAT is a challenge...I'd explain temporary housing in addition to the lending process!

Dec 21, 2017 07:22 AM
Rainmaker
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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

ROFL!

Dec 21, 2017 07:13 AM
Rainmaker
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Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

I enjoy that conversation but always emphasize to do their parts with haste

Dec 21, 2017 07:12 AM
Rainmaker
1,153,744
Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

That discussion is always a priority when financing is involved. It's a process with many steps.

Dec 21, 2017 07:02 AM
Rainmaker
4,800,082
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Yes.

Dec 21, 2017 06:45 AM
Rainmaker
4,853,532
Richard Weeks
Dallas, TX
REALTOR®, Broker

Sure.  I will go over a time line as to what needs to take place.

Dec 21, 2017 04:46 AM
Rainmaker
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William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

I hav e to do this all year long

Dec 21, 2017 08:22 PM
Rainmaker
4,434,127
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Good luck

Dec 21, 2017 01:07 PM
Rainmaker
5,772,353
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Paul,

Miracles can happen, one tries their best.  I am sure you explained it beautifully.  A

Dec 21, 2017 10:52 AM
Rainmaker
1,237,495
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

ha ha ha

Dec 21, 2017 08:26 AM
Rainmaker
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Valeria Mola
SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL
305-607-0709 SIB Realty Condos for Sale and Rent

From 3 weeks to 45 days. 

Dec 12, 2018 08:42 PM
Rainmaker
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Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL

Could be less than 3 weeks. Depends of the lender.

Dec 12, 2018 08:30 PM
Rainer
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Andrea Moore
Welcome Home Loans, LLC - Winter Garden, FL

A lot of first time homebuyers don't understand the process. It just takes a little education and patience.

Mar 01, 2018 07:20 AM
Rainmaker
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Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Definitely, this should be done.

Dec 25, 2017 09:52 PM
Rainmaker
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Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

You have to have these conversations with them, and start with when their lease expires.

Dec 23, 2017 07:07 AM