When a home goes Contingent SI (subject to inspection?) how long does it generally take before it closes?

Me
Other/Just Looking
46375

This is not the first inspection and there should be no problems.

Answers (1)
Pamela Howell
Agent
Griffith, IN
FIRST ANSWER

You say it's not the first inspection but unless you paid to have it inspected before, do you really know what the results of the inspection were? After all, they apparently didn't buy it so perhaps the inspection didn't go so well. (By the way, given your question and location I think I might know which house it is. That would be mildly amusing to me) There are 10 days usually for an inspection to get completed, then 3 days to respond. Then if the response is that something needs to be fixed you've got another X number of days, and so on. So you see it's not just 10 days to inspect plus time for financing, there could be several times when days are added to the length of how longs it's SI (subject to inspection) Okay, but once the inspection phase is FINALLY over (and only the seller and intended buyer know for sure) you are looking at another 10-45 days to close. Why such a range? If it's a cash deal and simple title work it could be less then a week. If it's financed and the buyer hasn't gotten a pre-approval, and no one has even thought about ordering title work yet it could be much longer. Next question, please feel free to call me. Some of these questions can be hard to answer without being able to get more details about the circumstances.
Pamela Howell
REALTOR(R)
Technology Committee Chairperson
219-201-0500

Fri Sep 4 2009, 08:35

Didn’t find what you were looking for? Ask a question!

Search Advice

Ask a question

Got a real estate question? Get answers from locals, experts and real estate pros.
Ask
Email me when…

Learn more

Copyright © 2009 Trulia, Inc. All rights reserved.   |   Fair Housing and Equal Opportunity
Help us improve our service—send us feedback