The average time frame for an escrow period is usually 30-45 days. Unless you are in escrow on a short sale, in which case, don't get your hopes up. These can take months! The specific situation will dictate the timeline. If the home is occupied, then the seller is likely to need at least a month to move out and make their new living arrangements. It also depends on what type of loan you have and how clear cut the financing is. Ask your loan officer how long they feel is necessary for them to complete their job. You don't want to write an offer until you know this info. Recently, with all of the foreclosed property and falling values, appraisals have been an issue. Different parts of the country, and even different neighborhoods, will all be unique depending on the recent market in that niche. It is always a good idea to carefully research the sold "comps" in the area you are looking. Especially before you write an offer. If the sold comps are very, very low, then there may be a concern. If the most expensive home to sell in the area in the past 3-6 months was $300K, and you are trying to buy a home for $350K, then there may be an issue. I suggest that you continue to interview real estate agents that do business in your area. Once you find someone that you trust and like, the you shouldtake their advise. They want to have a successful sale just as much as you do. Best of luck to you! I hope this helps.
Chris Mabry, SRS, e-PRO
Realty Executives Southern Arizona