Quote:
Originally posted by motion
Easy! I'll tell you how.... I purchased a home from a FSBO a couple months ago. Couldn't have been easier! I spoke with the seller maybe twice during the 2 and a half week escrow. Our initial meeting where we sat down and hashed out the price took 10 minutes. Spoke to our title company once. Used an existing relationship with my lender. Unbelievable easy. All done via email or fax! Bottom line, is that when you remove unnecessary complexity from the process, the transaction is really very simple. Of course, you have to pretty much know what you're doing and what pitfalls to look out for. Makes me want to buy from FSBO more in the future!
I should add that I calculated that I paid more than $200k last year in buy/sell fees with realtors, title companies, etc. Blech. 
|
It's usually dragged out when the buyers / sellers have to coordinate with the their buyers and sellers, and so on and so on.
If the house is vacant, or going to be vacant, that's a whole different ball game.
Frankly, a realtor doesn't have much of a say on how quickly anything closes - for the most part, once the PSA is signed, they're done. It's up to the lender, title and escrow to piece it all together. You can have title and escrow set up in several days, and if your credit is clean and EVERYONE cooperates, you can have it done in less than a week.
I've done an out of state purchase from start to finish in 4 days. Apps to signing.
Everyone just has to cooperate.
rjp