There are many great answers below.
If you would like to know more about the Naples area (school maps, resident & visitor guides, golf communities, area events, beach info, live webcams, etc.) go to my website http://www.NaplesListed.com. Oh yeah...you can search for homes too & read about our current market conditions.
Please contact me directly, I am here to help!
Realtor - Amerivest Realty
I have a lender I can recommend to set you up with a pre-approval prior to selecting your property and then close you very quickly. He recently closed a buyer for one of my transactions in less than 2 weeks although 30 days is the normal time for conventional financing. Allow 60 days for VA or FHA financing.
"The most important thing a buyer can do is first of all work with a buyer broker." As stated by AARP and the Consumer Federation of America in REALTOR News.
You will find important information on my homepage for all buyers, including the 21 Critical Mistakes Buyers Make and information about toxic Chinese drywall. See the web reference below.
Beverly Howe, ABR, GRI, TRC, CIPS
1-800-283-7393 US and Canada
239-513-9002 Local Direct
Please check out my website for more information. http://www.NaplesLuxuryRE.com
Sherree P Woods, PA
DOWNING-FRYE REALTY, INC
180 9th St S, Suite 300
Naples, FL. 34102
Realtors and Buyers need to understand how ridiculously hard it is to get any loan closed these days in this ....Obama/ Dodd Frank Act new lending world we're all in! Everyone in the mortgage industry reading this is shaking their head saying...Ain't that the truth!
Closing dates on sale contracts have become simply "Target Dates" and we all know it!
HERE'S WHAT I'D WRITE ON SALES CONTRACTS FOR CLOSING DATES:
Closing within 45 days with best efforts of closing in 30 days
Closing within 60 days with best effort of closing in 35 days
Overall 46 days
Short sale 134 days
Bank Owned 40 days
Regular sale 38 days
Cash buyer 44 days
Conventional Mortgage 53 days
FLORIDA MORTGAGE BROKER
With the negative effects of all the new Obama over-regulations and the Dodd Frank Act, HVCC, they have slowed lending down to a crawl!
Any Lender or Broker who says different is full of what comes out of the south end of a north bound bull...and they know it!
Realtors and consumers are starting to realize that closing dates on a sales contract is nothing more than a TARGET date only.
If you want a real eye opener to THE WAY THINGS REALLY ARE, click on this Forbes link (skip the ad) and read.....The Perfect Loan File : http://www.forbes.com/sites/moneybuilder/2012/03/09/the-perf
IF YOU ARE ASKING ABOUT CLOSING ON A LOAN TO BUY A HOUSE, ONCE THE OFFER IS FULLY ACCEPTED AND THE LOAN DOCUMENTS ARE IN UNDERWRITING, EXPECT AT LEASE 45-60 DAYS.
I don't think the average closing period has ever really changed. Closing periods are for a variety of reasons. However 30-60 days is a normal range. Never less than 10 days rarely longer than 120 days.
I hope that helps answer your question. If I may be of further assistance please feel free to contact me.
Kind Regards, Kevin
Kevin Rathburn, Realtor
239-269-4575 Direct Line
A "cash transaction can be processed to closing in a matter of a few days while a financed one could require 45-60 days to close.