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#130205 - 03/23/07 11:37 AM How is the sales process?
Christa Offline
Member

Registered: 11/18/06
Posts: 17
Can someone tell me typically how long does the sales process take when selling a new home to someone?
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#130235 - 03/23/07 02:55 PM Re: How is the sales process? [Re: Christa]
pikes peak Offline
Major Contributor

Registered: 12/15/04
Posts: 2743
Loc: CO
Sales process for me has been 7 to 30 days from when the contract was written to closing on spec homes.

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#130237 - 03/23/07 03:06 PM Re: How is the sales process? [Re: pikes peak]
That 20something RE Guy Offline
Veteran Member

Registered: 07/26/06
Posts: 693
Loc: Circleville Ohio
I'd say average of 30 days. Closing time can be as short as a week , but that's not normal. I've had some that took 2.5 months to close as well.
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#130244 - 03/23/07 04:08 PM Re: How is the sales process? [Re: That 20something RE Guy]
deu12000 Offline
Member

Registered: 08/05/06
Posts: 91
Loc: New Jersey
Average about 30-45 days, of course you have the super fast cash deals and the super slow deals (mortgages, contingencies, title issues, etc...).

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#130454 - 03/24/07 08:53 PM Re: How is the sales process? [Re: Christa]
Agent 007 Offline
Major Contributor

Registered: 02/05/05
Posts: 2713
Loc: Las Vegas
Christa, average closing period after an accepted offer is typically 30 days in most areas. Depending on how fast the lender can close the loan can definitely speed the process up. The loan process is what takes closings take so long usually. If the lender is confident that they can close the loan in 2 weeks, then great! Usually the better the qualifications of the buyer are, the easier and faster a loan can close because of less conditions.
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