Closing on a property will be the same if you are in state purchaser or out of state. If there's no financing involved and it's a standard resell, you can close in as little as 5-7 days (if the title is clear), the average for a cash purchase is 14-21 days. If you have financing, your lender will most likely need 30 days to close the loan. Some lenders can close in less than 30 days, RP Funding can close in 10 days and many other lenders can rush to cut the 30 day if need be. However, assume 30-days as an average when a lender is involved. If it's a bank owned property, they may have certain time frames associated with the type of funding. If it's a bank owned, you're closing could be delayed if the title company begins research and finds an issue with the title or if there are complications with the HOA settlement agreement. In the case of a short sale, prepare to be patient... this could take as little as 30-days if it's pre-approved short sale but could take months if it's not. Patience is the key with any short sale. Good luck!
Realtor & Investment Home Specialist
La Rosa Realty, LLC / Celebration, FL
01.407.274.8476 / email@example.com