Delayed closing q

[HFJohnson]

Hi

My resale contract has a delayed closing date of 16th August so two or three weeks to go yet. Looking at the closing time thread I can see that it can take around 3 weeks from returning docs to closing - does that mean that the contract can be worked on in advance of the closing date or can nothing be done until 16/8? I signed the docs last week but I haven't heard that the sellers have signed them yet - should I be pushing for this to be done? I'm holding off sending the money over until they have.

 

[VGCgroupie]

This depends on your title company and what they are willing to do. Some will work to have it all ready to go some won’t.

It may not take 3 weeks, the time heavily relies on how long it takes the sellers to sign in addition to title handling the docs.

 

[waynesburg60]

We closed on a delayed contract in May. We closed a week after the date because our closing agent was out of town otherwise it would've been sooner. We passed ROFR and we were waiting for about 2 extra weeks for our date to pass. When it did and our agent got back we sent the funds and closed in a day. Then waited for Disney to do their part.

 

[Sandisw]

They can close it as soon as they have all the documents on that date.

 

[HFJohnson]

Thanks for the replies. The broker has now confirmed that they have the seller's documents so I will get the money over to them this week and wait for the closing date.

 

[VGCgroupie]

Thanks for the replies. The broker has now confirmed that they have the seller's documents so I will get the money over to them this week and wait for the closing date.

Congrats!

 

[MICKIMINI]

I just bought another resale contract with an (after) October 1 closing date. I have another closing in September. They can essentially have everything ready to go. Delayed closings are typically due to a reservation so the seller has to check out first and can close the next day. Should work out just fine!