Home Buying in New York>Question Details

Sone, Other/Just Looking in Philadelphia, PA

Typically how soon do the owners move in after the space is listed as sold on your website?

Asked by Sone, Philadelphia, PA Tue Jul 1, 2008

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If the property is shown as "sold" and not just "in contract," the deal has closed. The move in dates are a personal choice of buyers and out of the hands of a Realtor or a seller.
Web Reference: http://GailGladstone.com
0 votes Thank Flag Link Tue Jul 1, 2008
Typically, the time from when a buyer has an "Accepted Offer" till the final Closing is approximately 2 to 3 months. The steps involved are the "Accepted Offer", an Engineer's inspection (optionally but recommended), Legal Contracts signed by both the buyer and seller, the mortgage application process including Title and Lien Search to ensure clean ownership of the property, completion of an updated survey of the property, and an appraisal by the bank. Sometimes, when a property has an "Accepted Offer" or is "Under Contract" it may be listed as "Sold" for marketing purposes before the Final Closing has taking place. Once the Final Closing has been completed, the buyer receives complete Title and ownership and may move in that day. Feel free to e-mail me any other questions at David@ForSaleByDave.com
0 votes Thank Flag Link Tue Jul 1, 2008
When it is listed as a "sold" property, that means the closing has taken place and the buyer can move in immediately if they wish. When a property is listed as "in contract", it means that there is an accepted offer and the contract has been signed, but it is dependent on the parties as to how long it takes to get to the closing table.
0 votes Thank Flag Link Tue Jul 1, 2008
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