We have represented buyers making all cash property purchases from private parties that settled and closed in four business days INCLUDING title search, termite and home inspections, and survey. But it takes a lot of planning and coordination and people have to adjust their schedules, so if you don't have a requirement to rush, giving everyone a couple weeks is generally better. If you are purchasing a government or bank owned property, they may have requirements that the settlement statement be delivered for their review 48 hours or as long as 5 business days before closing. If you have a full time agent with a Masters degree in Planning with Finance and over two decades of experience, working for you, you will likely do better in negotiations. I'd be pleased to provide that service. If you appreciate this answer, please give it a thumbs up, or if this was the most helpful answer, please say thanks with a best answer click.
An all cash offer can close on a house in the Charlotte area realistically in approximately 10 days form contract. There are certain things that need to be done even though you are paying cash. One is the attorney would have to do a title search for you to ensure that all liens are satisfied or will be satisfied at closing and to see if there are any additional liens on the property that the seller may not be aware of. This process usually takes about seven days.
Generally anything else attached to the closing can be done in that time period as well....
Helen Adams Realty
There's also the question of whether you're buying "As-is" or if you want time to get inspections done and even though it's not required you may want to get an appraisal done for yourself to make sure the property is worth what you're paying. If you do want an appraisal done, do not allow them to see your purchase contract and do not tell them what you're paying insist that they do the appraisal "Blind" (which is how I believe all appraisal should be done) so that you get a really fair assessment of the property's value.
It will take several days to arrange for inspections, wiring cash, doing a title search, changing utilities etc.
Best place to start is to hire an Exclusive Buyer Agent to represent you. EBAs represent home buyers only, and work to get you the best price and most favorable terms. You can go to NAEBA.org for a referral to an EBA in your area.
I'm an EBA and I wrote a book called "Buying a Home: Don't Let Them Make a Monkey Out of You". It will be the best $6 you've ever spent. Follow the link below.
Best of luck!
Contact me directly if you'd like help with searching/negotioating/offering!
The Kathleen Turner Realty Group
Keller Williams Realty
With an all cash offer it shouldn't take very long at all. A couple weeks if that. You'd want to get an inspection done on the home and negotiate any repair work that needed to be addressed. Make sure you get home owners insurance as well. Are you going to get an appraisal done or survey? Line up an attorney to handle the closing. It would probably be determined by how quick the seller can vacate the property.
Best of luck!
Wilkinson & Associates