Home Buying in Russian Hill>Question Details

Seanf, Home Buyer in San Francisco, CA

Is it common for homes to close sooner than the agreed-upon date?

Asked by Seanf, San Francisco, CA Tue Apr 30, 2013

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SF Real Estate Solutions’ answer
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In today's competitive market buyers are writing short close times so that their offer is more attractive. 20-28 days in many cases which is about as fast as a loan can be processed. Because of this most transactions are not closing before the agreed upon date however it is completely fine to close earlier if both parties agree to it. Hope this helps!
0 votes Thank Flag Link Wed May 1, 2013
Cherie would know!! She's my go to gal!!!
Flag Tue May 7, 2013
If both parties agree on it, I don't see a reason why closing early is an issue. It might not be very common, but it's definitely something I've come across here and there.
1 vote Thank Flag Link Tue Feb 24, 2015
This is not very common, however, remember any changes to the sales contract requires an amendment and an agreement by all parties.
0 votes Thank Flag Link Tue Feb 24, 2015
Hi,

It is not too common, but any changes should be done by Mutual agreement.

Kind regards,

Arpad
0 votes Thank Flag Link Sat Feb 21, 2015
Buyers are writing short contingencies in hopes of getting their offer accepted. Once in contract there is sometimes a push for the lender to perform as fast as they can to close early as buyers are eager to start their new life in the property or to beat a deadline.. i have seen buyers wanting to close sooner because their job situation was changing and any delay would cause them to not get the loan... It really depends but lenders do try and close asap to please all parties. It really depends on the parties.
0 votes Thank Flag Link Sat Feb 21, 2015
we usually closed in 21 days for purchase loan. We have our in house lender and that helps our borrower closed their loan early than the contract date.
0 votes Thank Flag Link Thu May 16, 2013
Hi,

It's not very common with the big national banks (in fact you'll be lucky if you can get them to close on time!), but we have some amazing local banks in San Francisco that are regularly closing loans early. This usually works out well for both parties, but of course they would both have to agree upon the closing date ahead of time!
0 votes Thank Flag Link Thu May 16, 2013
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