Asked by Vicbabs, Southampton, NY • Tue Mar 16, 2010
The homeowner passed the word along that the bank approved our offer two weeks ago. The sellers agent says that the seller is waiting for written approval from Bank of America before they can go to contract. It has been two weeks and we still have no word of a contract.
I have a few questions....
How long after a verbal approval does it usually take before you can go to contract?
Is it the bank or the sellers attorney that draws up the contract?
Once we get a contract how long until a closing date?
---Stupid question...Do we get the keys at the closing?
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