I am French and I want to buy a regular (no short sale or foreclosure ) SFR CASH in Miami, FL. How long would it takes to close?

Asked by castorben, Hallandale Beach, FL Thu Feb 16, 2012

If I know where and for how much.

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23
Madelyn Andr…, Home Buyer, Miami, FL
Thu Feb 16, 2012
If you are buying cash, it can take less than 10 days.
2 votes
Nathan Wolf, Agent, Charlotte, NC
Wed Feb 22, 2012
You can close the same day if you want.

But it is normally recommended to do a Title Search (hire an attorney for this) and to obtain Title Insurance (hire an attorney for this). This is Insurance to make certain that the home you are purchasing if free of any outstanding liens or taxes due from the sellers.

So, for that it may take 24 to 48 hours. I would say if you made a contract today, it would take 72 hours to do this successfully. But it can be sooner if you find a good attorney.

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1 vote
Rosie Morot-…, Agent, Miami, FL
Fri Feb 17, 2012
Bonjour ,
Theoriquement vous pouvez faire le closing dans les 10 a 14 jours mais je recomande de bien prendre le temps pour faire l'inspection et le titlt search .Dans une transaction 'normal" il faut compter 30 jour pour etre certain que tout soit bien fait.
Bonne chance ,
Rosie Morot- Gaudry
Realty World RE Center
305 586 2305
Web Reference:  http://www.rosiemorot.com
1 vote
Hans Klemm, Agent, MIAMI, FL
Thu Feb 16, 2012
Monsieur,
Quel type d'immobilier cherchez vous précisement (apartement/condo ou maison) ? Dans quelle region de Miami? A quel budget? Avez vous deja un object en vue ? Avez vous déja un avocat pour la vérification du (des) dossier(s)? Etes vous deja lié à un agent immobilier?
Voilà quelques questions de base qui me permettront de vous conseiller, vous préparer un choix adéquat et
de répondre précisement à votre besoin.
Avec votre question posée ici, vous allez avoir plein de réponses, mais ne signez pas d' engagement avant avoir trouvé un vendeur compétent et sérieux. Puisque dans ce pays, TOUS les agents immobiliers piochent dans les memes fichiers électroniques, toute la différence entre eux est le sérieux et le travail soigné accompli. Closing peut etre fait en moins d'une semaine (entre contrat et closing), dépendant de l'object immobilier et des parties concernés...
A votre disposition et
Cordialement
HANS
1 vote
Diego Arce, Agent, Miami, FL
Thu Feb 16, 2012
If is a cash deal and the property has a clean tiltle you can close in two weeks.
1 vote
Afua Asgill, Agent, North Miami, FL
Wed Feb 29, 2012
Dear Castorben,
The question you pose is open ended and does not have a definite correct answer. So, this answer will be a general reply for a single family house ( not a condo )
A) if the property is clean from all legal prospective, you can close within 7 business days
B) If the property has code violation liens, You would first have to have the liens cleared, this could take from 5 business days to as long as 30 Business days depending on what the violation are and what type of work is required to resolve them.
C) If the property has other types of liens ( tax, municipal, construction liens, HOA ( home owners association ), then it's just finding the correct party and have it paid off prior to closing, then you can close.

Afua Asgill
Plum Pads 305-899-2203
0 votes
Hans Klemm, Agent, MIAMI, FL
Mon Feb 27, 2012
Cher Monsieur,
si votre requete est serieuse, vous disposez maintenant (depuis le 16 fevrier...) d'un vrai feuilleton de reponses, plus ou moins vagues pour cause = vos informations ne sont pas suffisantes pour etre plus
precis.
Il s'agit donc de prendre une decision et contacter en direct et de facon confidentielle un des agents ici.
Le cas echeant, vous signerez un contrat d'exclusivité avec cet agent et il vous cherchera votre bien.
Si vous voulez bien me retenir, appellez moi (ou textez) au 305 491 0492.
Merci de votre coprehension et
Bien a vous
HANS
0 votes
Susi Campos, Agent, Miami, FL
Mon Feb 27, 2012
Hi Castorben,

If you're paying cash and the house is vacant or the homeowner is selling furnished, closing should take no longer than 10 days.

Even though you are paying cash I will willing to help you with a reputable Title Co. to get you a survey, to chaeck that there is a clear title, and higly recommend to get a Title Ins, also if you desire a Real Estate Attorney..

I will happy to help you in all your Real Estate needs, please let me know.

Susi Campos
305.710.4076
susirltr@bellsouth.net
0 votes
Gary Hitchco…, Agent, Coral Springs, FL
Thu Feb 23, 2012
It can take up to 2 to 3 weeks to do a lien search and get an estoppel letter from an association. In that time you can get an appraisal and survey done which is a good idea. Give us a call my wife speaks French.

Gary Hitchcock
Keyes Realty
954-905-1141
0 votes
Lila Henry, Agent, South Miami, FL
Fri Feb 17, 2012
Good Morning Castorben,

As you have seen here already the time it may take to close on a home purchase can and does vary depending on the occupancy of the home. If the home is vacant and there is clear title, the closing can happen rather quickly. If the owner still occupies the home they may need time to find a new home and make their move. These time frames can be resolved in the contract negotiation. Your bigger obstacle will be your search for the home as there are many buyers/investors out in the market purchasing homes, whether they are short sales, REO's or non-distressed sales. You will definitely want to work with an agent that can advise you of the homes that are available on the market for purchase and assist you in the negotiating of the contract. As also stated here, you will want to make sure to get all the property inspections done and ensure that you are getting title insurance so that you do not have any surprises down the road. Good luck in your home search.

Lila Lopez
RE/MAX Advance Realty
305-772-2521
0 votes
Nadine Mauro, Agent, Lake Worth, FL
Fri Feb 17, 2012
Hi Castorben,

If you're paying cash and the house is vacant or the homeowner is selling furnished, closing should take no longer than 10 days.

Even though you are paying cash make sure that you get a survey and that there is a clear title.

If I can be of further service please let me know.

Nadine Mauro
Highlight Realty
561-414-0864
NadineSellsHouses@gmail.com
http://www.floridahouseseller.com
0 votes
Steven Epste…, Agent, Coral Gables, FL
Thu Feb 16, 2012
Plan on 45 days, maybe 30 at best. Anyone telling you less be careful of what they will push through and disregard when protecting your (the Buyer's) interests.
0 votes
Nereida Figu…, Agent, Miami, FL
Thu Feb 16, 2012
Castorben, all depends of the owner motivation in case is selling by owner or thru a Realtor. Sometimes owner need to move to another place and they need time for it. Again all depend how fast the owner wants to sell and move out. If you need help, more than glad to provide a great service for your buy.
0 votes
Yolande Citro, Agent, Miami, FL
Thu Feb 16, 2012
Cela dépend de la banque et où en est le dossier. Il y a des "short sales" qui ont été approuvées et d'autres qui ne le sont pas. Qu'est-ce que vous cherchez exactement et dans quel quartier ?
Web Reference:  http://www.yolandecitro.com/
0 votes
Fred Glick, Agent, Mountain View, CA
Thu Feb 16, 2012
Il ne devrait prendre que quelques semaines tout au plus, afin de combler.
Web Reference:  http://fredglick.com
0 votes
Manon Mohamm…, Agent, Coral Gables, FL
Thu Feb 16, 2012
Bon Jour!
A cash transaction can go to closing very quickly, if the Title is clear and the owners do not need to move out of the house. If the house is still ocupied, it might take a bit longer. Usually, cash transactions close in two to three weeks.
J'espere que cette information ete utile,
Manon
0 votes
Werner Velas…, Agent, Doral, FL
Thu Feb 16, 2012
Hello Dear,
If it is cash and not a short sale or foreclosure you should be able to close in 2 weeks or even 10 days as long as Title is clear. Also if the property is in association it depends on the approval
Let me know if I can help you with anything else
Best regards

Werner Velasquez
Real Estate Professional
Avanti Way R.E.
Cel. 786.838.2578
http://www.avantiway.com
0 votes
Rebeca Tinoco, Agent, Miami, FL
Thu Feb 16, 2012
Once you find the property it can take 2 weeks, it all depends if the property has not title issues. Also depends on the title company you choose. Feel free to call me anytime so i can assist you with the purchase of your home.
0 votes
Beth Jenkins, Agent, Miami Lakes, FL
Thu Feb 16, 2012
Hi Castorben,
A regular sale is a fairly quick process, especially a cash offer. 2-3 weeks will be sufficient.
Remeber if you are purchasing a condominium there are a few extra steps which are applying to the condo association and receiving approval from the board. This is a failry quick process and should take as long as the lien search and closing paperwork to be completed.
If you have not yet searched for the property you would like to purchase, consider allowing me to provide you a search meeting your criteria. I can send this to your email and offer suggestions on financially stable buildings.

Also, my company web-site below is a great resource.

I look forward to assisting you.
Beth Jenkins
South Florida Brokers
786-374-4778
Web Reference:  http://www.arealtyteam.com
0 votes
Claudia San…, Agent, Miami, FL
Thu Feb 16, 2012
Hi
If it is cash and not a short sale or foreclosure you should be able to close in 2 weeks or even 10 days as long as Title is clear.
Let me know if I can help you with anything else
Best regards
Claudia San Roman
305 562 6671
0 votes
Charlie Plan…, Agent, Miami, FL
Thu Feb 16, 2012
A cash deal can close as quickly as a week so long as there are no title defects.
Web Reference:  http://www.firstratecorp.com
0 votes
Matthew Krin…, Agent, Sunny Isles Beach, FL
Thu Feb 16, 2012
Hello,
Since you are buying with cash and the house has no issues, you can close in a very short period of time, any where from a week to a month all depending on being able to obtain a clear title to the property.
If you have any more questions please feel free to contact me. Bonne Chance!
Best regards,
Matthew
Evolution Residential
305 303 8131
mk@evolutionres.com
0 votes
Tim Moore, Agent, Kitty Hawk, NC
Thu Feb 16, 2012
There is no such thing as a foreclosure home, homes are either owned by someone or something and foreclosure is a process to convert from the owner to a new owner after default. When a home is in the foreclosure process you can't often buy them anyway since the liens won't allow clean titles. Once they are foreclosed they become bank owned homes and the bank can now sell them often quickly and at good prices. Don't skip over REO or bank owned homes. Do skip over short sales.

Normal closings take 45-60 days but can be quicker.
0 votes
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