In an all cash transaction, the contract to closing time period can range from as little as 1 week to a month. If there are contingencies that need to be taken care of, it can make the time period longer.
It varies from State to State... As for our area in the Commonwealth of Pa..... Usually a cash settlement take approx 10 Days... only because we suggest the Buyer to run a Title Seach on the Parcle(s) to make sure that ther is no Cloud over title.
Hope This helps You... All the Best John Curci RE/MAX Properties 215-757-2889
Two weeks is not unrealistic at all. Have you already found a home? Is there a Realtor involved either on your side, or the seller's side? Do you have a choice in who actually does the closing. If so you can contact settlement companies in your local area yourself. Let them know what you want to accomplish and go with the company who seems confident that they can do it.
The cash purchases I have worked with recently have closed with two weeks. Some have been cleared to close sooner. The cash purchase will need a title report and possibly an updated survey. The title companies have been able to complete this report to the buyers attorney within 7 days at times. Then you have to work out a timeframe that the title closer, sellers and buyers attorneys as well as the seller and agent along with the buyer and agent are all able to settle on a time and place to complete the closing paperwork.
We've closed deals in as little as 2 weeks but the mortgage and title company were in-house. The Title search and Attorneys will determine the time. Max..it should take no longer than 30 days. Call me if I can help.
Lynn Pisani GRI, CBR, PSC
Licensed Assoc. Broker
Prudential Douglas Elliman Real Estate
The main issue that would hold up a closing is the title search. This can sometimes be sped up. Your attorney can help you determine that. I know a title company that can speed the process if neccessary