Tag

closing timetable

“Buy Now, Pay Later” — Housing Market Edition

Real Estate Layaway It’s not just flat-panel TV’s and furniture that can be bought now, and paid for later. So can residential real estate. Sort of. Unbeknownst to at least some Buyers, it’s customary for there to be a 6-8 week lag between consummating a deal, and closing (that is, paying for the house and...
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Fast Close = Strong Buyer (Usually)

Vetting the Buyer’s Finances Prior to closing, at least, the best evidence that a (non-cash) Buyer can financially perform is a Written Statement from a reputable lender. Typically given by the Buyer to the Seller a couple weeks after the deal has been struck, it says that the lender has:  a) completed vetting the Buyer’s finances,...
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