Home Buying in Nashua>Question Details

A. Buyer, Other/Just Looking in 03064

What is the quickest closing time experienced by buyers/sellers in the Nashua area? I'm considering making

Asked by A. Buyer, 03064 Fri Nov 23, 2007

an offer in early December, but I will only do this if I can close and move in before Christmas.
Should I have a lawyer construct the offer so it is contingent on the seller closing and vacating before December 20?

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I have a home not far from Nashua in Hillsboro, nh and it is 2005 3 bed/3bath 1920 square ft in a new cul de sac. I have neighbors that commute to Nashua as well. If your home doesn't work out we are willing to close asap. Century21 in Hillsboro, nh Joyce Bosse is handling the property on Bradford Circle $265.000.
0 votes Thank Flag Link Wed Nov 28, 2007

I am in CA and we have an offer out there for my buyer to close on 12/20.

You can put that on the contract to request closing by 12/20. But to me, the most important thing is to allow yourself enough time to do due diligence - you don't want to put yourself in a corner and have to close when you are not able to -

What you have to make sure of is to allow yourself enough time to do inspections (get the experts in, inspect, receive written report, and time to negotiate; and if there are major problems with the house, you also want to allow enough time to get estimates for repairs, etc) as well as make sure your mortgage broker will be able to get you the kind of loan that you can afford and plenty of time for them to get appraisal done, draw up the loan doc and fund, which needs to happen before close.

We don't use lawyer in CA, so my answer does not address that. But allow yourself enough time otherwise.

0 votes Thank Flag Link Mon Nov 26, 2007
Sylvia Barry,…, Real Estate Pro in Marin, CA
It's very feasible, even with financing, to close by Dec 20th. If you're getting financing, talk with your loan officer about the time frame and as long as everyone involved responds quickly, it will not be a problem. I've had several closings this year that were done in just over 1 week from start to finish. When someone requests information (title company, loan officer, appraiser, realtor) the answer or documents need to be forwarded ASAP. But, the earlier you can get a purchase and sale done the better. You're welcome to give me a call if you have any questions. (603)498-6535
0 votes Thank Flag Link Mon Nov 26, 2007
closing time is something that is negoiated between the buyer and the seller. The question becomes what is it worth for you to move in prior to Christmas, and what is it worth to the seller to move out prior to Christmas. Some skillful negoiations with the help of a professional realtor should help you reach your goal.
Merry Christmas!
Web Reference: http://www.SuzanneDamon.com
0 votes Thank Flag Link Sun Nov 25, 2007
The delays normally associated with long closings are typically related to (YOUR) the buyer's needs. You should understand the first 2-3 weeks are generally used in having inspections (a review of the structure, well and water quality, septic, radon and so on) and getting your mortgage (if any) in place.

If you don't care about inspections and are in the very envible position of not needing financing, you should be able to close in only a couple of days. Your lawyer will want to run a title search--to be sure the title is clear, (no liens, back taxes, or unknown owners) and draw up the papers for your closing--including the deed, title insurance and HUD statement.

Regarding having a lawyer draw up the offer, sure--that's a fine idea. It would be just as legal and may save you some money and time to have a licensed NH Realtor do that, but really it's your choice. My suggestion is that if you are really in a huge hurry, call a Realtor today--they work on Sunday--and get the paperwork ready and delivered by 8 AM tomorrow.

But if you willing to move forward with no inspections and no contingencies, (which is why the usual closing in NH takes 4-5 weeks), and you are willing to pay an amount for the home which is immediately acceptable to the seller, then you should be able to close long before the 20th--no problem.

You may find that even if you can close immediately, the sellers may have issues with moving their family goods on short notice. During the Holiday time, it is always an issue to find movers--and weather in NH can enter into the equation as well. If the sellers don't live in the property now (so the house is vacant), or if you simply want to own property in 2007, and will give them a few more weeks as tenants while they arrange to get out, that would likely simplify things.

Any questions; call my cell phone at 603-566-5460
0 votes Thank Flag Link Sat Nov 24, 2007
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