5,229,945
It depends upon when we go under Contract. In this crazy market, we can't push Closing beyond 30 days if we want to win bidding wars. So, if we go under Contract on the 15th, buyers are going for the business date closest to the 15th of the following month.
I do avoid the last day of the month though - prefer any other day that week!
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Peter Testa
Danbury, CT
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Paul S. Henderson, REA...
Tacoma, WA
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Michael Jacobs
Pasadena, CA
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Kathleen Daniels, Prob...
San Jose, CA
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Anthony Acosta - ALLAT...
Atlanta, GA
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John Juarez
Fremont, CA
140,560
Any day is a great day for closing.
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Ron and Alexandra Seigel
Carpinteria, CA
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John Juarez
Fremont, CA
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Fred Griffin Florida R...
Tallahassee, FL
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Debe Maxwell, CRS
Charlotte, NC
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Nina Hollander, Broker
Charlotte, NC
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Michael Jacobs
Pasadena, CA
370,200
I don't favor closings at the end of the month since most banks and attorneys are overwhelmed and sloppy.....secondly, the notion that they pay a little more is wrong and has always been poor communication in our industry. They own the home at that time therefore they are not paying more .... they OWN the home at that time....I explain fully the benefits of not rushing and having better vendor choices which does save them money: For example moving companies are less expensive in the middle of the month than at the end of the month due to supply and demand ... the ability to run a smooth closing process is key since you cannot count on 3rd parties to provide the same level of service that we do.....
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Greg Cremia
Nags Head, NC
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Jay McHugh
Acton, MA
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John Juarez
Fremont, CA
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Debe Maxwell, CRS
Charlotte, NC
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Lyn Sims
Schaumburg, IL
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Michael Jacobs
Pasadena, CA
1,844,271
I suggest a closing on when the lender can get it done.
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Peter Testa
Danbury, CT
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Michael Jacobs
Pasadena, CA
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John Juarez
Fremont, CA
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Debe Maxwell, CRS
Charlotte, NC
4,572,117
I personally don't have a favorite or favored time --- clients may or may not have an opinion/reason. Each case is addressed in advance.
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Peter Testa
Danbury, CT
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Ron and Alexandra Seigel
Carpinteria, CA
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John Juarez
Fremont, CA
-
Debe Maxwell, CRS
Charlotte, NC
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Nina Hollander, Broker
Charlotte, NC
1,390,113
My clients dictacte when they want the closing.
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Peter Testa
Danbury, CT
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Debe Maxwell, CRS
Charlotte, NC
-
Lyn Sims
Schaumburg, IL
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Nina Hollander, Broker
Charlotte, NC
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Michael Jacobs
Pasadena, CA
2,220,323
It is up to my clients to make that decision.
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Peter Testa
Danbury, CT
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Michael Jacobs
Pasadena, CA
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Anthony Acosta - ALLAT...
Atlanta, GA
1,543,634
I favor A.S.A.P.
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Peter Testa
Danbury, CT
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Michael Jacobs
Pasadena, CA
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J.R. Schloemer
Louisville, KY
2,684,009
As soon as the lender is ready.
Cash deals, avoid the crowds, don't schedule last few days of the month.
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Peter Testa
Danbury, CT
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Michael Jacobs
Pasadena, CA
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John Juarez
Fremont, CA
7,836,129
Schedule the closing to meet the best interests of your client.
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Michael Jacobs
Pasadena, CA
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John Juarez
Fremont, CA
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Debe Maxwell, CRS
Charlotte, NC
461,083
for the cash buyers, the closing date usually makes no difference. For a mortgage buyer, the pre-paying of interest, insurance & other pre-paids can raise their closing costs. For the first time buyer or FHA buyer, these costs can be substantial for some.
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Michael Jacobs
Pasadena, CA
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Debe Maxwell, CRS
Charlotte, NC
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Lyn Sims
Schaumburg, IL
5,104,931
It does depend on my clients' needs and schedule, but if there is nothing special, I always try to close in the last week of a month, but not on the last day of the month when it's loony tunes!
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Peter Testa
Danbury, CT
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Michael Jacobs
Pasadena, CA
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J.R. Schloemer
Louisville, KY
2,182,502
Mid month for me !
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Michael Jacobs
Pasadena, CA
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Debe Maxwell, CRS
Charlotte, NC
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Michael J. Perry
Lancaster, PA
2,436,099
I favor closings as soon as everything is good to go. Let's get that baby finished!
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John Juarez
Fremont, CA
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Debe Maxwell, CRS
Charlotte, NC
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Michael Jacobs
Pasadena, CA
5,772,575
I agree with Richard L. McKinney P.A.
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Peter Testa
Danbury, CT
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Michael Jacobs
Pasadena, CA
2,178,553
Whatever is mutually agreeable to buyers and sellers.
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Peter Testa
Danbury, CT
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Michael Jacobs
Pasadena, CA
519,324
I prefer closing at the earliest date that suits my client or the customer. If we negotiate a transaction in the middle of the month, I'll check with the lender and unless the buyer or seller need something different, try to get it done in 30 to 35 days, unless it can be done sooner.
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Paul S. Henderson, REA...
Tacoma, WA
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Michael Jacobs
Pasadena, CA
2,781,163
close (or closing) is the end game...Beat feet!
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Michael Jacobs
Pasadena, CA
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John Juarez
Fremont, CA
259,317
Customer decides closing date in accordance with their lender of choice..I inform them of the dangers of a Friday afternoon, if wiring funds occur late...
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Michael Jacobs
Pasadena, CA
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John Juarez
Fremont, CA
6,393,154
Generally asap, though some now prefer a little extra time to find something new.
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Peter Testa
Danbury, CT
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Michael Jacobs
Pasadena, CA
3,416,038
I let them know the costs of closing the 1st, 15th and 30th and they decide. Most often they say close it as soon as you can
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Michael Jacobs
Pasadena, CA
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Debe Maxwell, CRS
Charlotte, NC
4,800,082
Pretty much up to the clients and their needs.
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Michael Jacobs
Pasadena, CA
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J.R. Schloemer
Louisville, KY
577,750
I always stay away from June 30th as that is the busiest moving day of the year and moving comanies gouge their pricing... We choose the closing day on what best suits both parties, and varies sometimes the middle of the moth, sometimes the first week, sometimes the last. Whatever works for both
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Michael Jacobs
Pasadena, CA
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Debe Maxwell, CRS
Charlotte, NC
544,014
always close as soon as possible unless the client has a specific need to delay
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Debe Maxwell, CRS
Charlotte, NC
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Michael Jacobs
Pasadena, CA
3,626,530
It really doesn't make me any difference, I leave it up to my buyers or sellers.
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Nina Hollander, Broker
Charlotte, NC
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Michael Jacobs
Pasadena, CA
5,049,033
It depends on when we go pending so often sellers want 30 days. I hate the last day of the month and like to avoid if it possible.
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Michael Jacobs
Pasadena, CA
289,607
Before Middle of month if possible, only so title company not backlogged with end of month closing, PA. uses title company not Attorney for closings
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Michael Jacobs
Pasadena, CA
2,161,048
It depends on the overall timeline. I wouldn't advocate waiting to the end of the month if there is no good reason for it.
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Michael Jacobs
Pasadena, CA
1,525,616
I give the client the options and then let them decide what works best for them.
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Michael Jacobs
Pasadena, CA
427,257
As Roy Kelley would say, refer to the terms of the contract.
Any Day! Any Time!
The way I view it is, they have the house and everyone is on their merry ways. Start amortizing that note as quick as possible so they can pay it off sooner.
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Michael Jacobs
Pasadena, CA
1,311,397
My practice is to close when the transaction is ready to be closed. Time of month is irrelevant. Buyer wants their new home. Seller wants their proceeds. Let’s get it done!
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Michael Jacobs
Pasadena, CA
5,583,278
2,061,756
We close when the buyers/sellers want to close, and when the lender is able.
Why would you say they might pay a little more if they don't close at the end of the month?
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Michael Jacobs
Pasadena, CA
3,071,489
Avoiding the last day of the month is a wise practice
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Michael Jacobs
Pasadena, CA
4,434,127
5,216,398
It is up to the buyer. Some prefer paying some interest and then having over a month of relief!
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Michael Jacobs
Pasadena, CA
1,712,676
4,936,605
5,868,482
Paul, we see most closings on a Friday with possession after closing. That way the buyer has the weekend to move in. No longer are the vast majority of closings at the end of the month anymore.
191,939
I actualy prefer anytime besides the end of the month. Closing date is based on when the buyer, lender and seller can close. I always advice not to close on the last day of the week or the month because a slight delay can then cause further issues with timely modifications of settlement statements.
3,164,269
totally client dependent. First time entry level buyers sometimes must close at the end of the month sometimes to afford closing. Most people just want to close as soon as they can.
4,319,419
3,986,258
If money is a big issue then close at the end pf themonth, otherwise in the 3rd week so it is not so pushed.
763,883
3,988,007
Many of my closings happen mid month. I have been able to tell me buyers they need to do it as soon as possible.
1,374,323
758,035
1,502,998
1,622,432
30 days from accepted offer day, whatever day it is, often we push it to Friday.
666,539
Paul ~ Unless the buyers are competing for the property, and we are closing when the seller wants to, they generally gravitate towards the end of the month to lessen the out of pocket amount required to close. However, I am very superstitious about closing the last 2 business days of the month because lenders/title companies are slammed... I try to explain why that may not be in their best interest to close at the very end of the month.
92,713
I leave that up to my clients. I have lots of deals that close in the middle of the month.
3,345,091
In our market, it is as soon as possible. 21 days with financing is expected ... with no contingencies. Crazy!