Sixty is the new thirty! Days that is...

By
Real Estate Agent with ReMax Gold 01501948

Wrinkles might be cute on dogs - but not so much on faces and certainly not in real estate transactions!!

It seems like it is taking longer to get the fully executed contract, longer to get the preliminary title report, longer to get the appraisal, longer to get responses to requests for repairs, longer for loan docs, longer for funding...at this rate i'll need a face lift between the time we go into contract and the close of escrow!!

Remember the days when you could actually close a transaction in 30 days or less?  Certainly FHA transactions start at 45 days and if you throw in the fact that the transaction is an REO, well then you definitely have a sixty day escrow. Even a non-REO with conventional financing seems to be taking 45 days.  Yes...sixty is the new thirty and if we can just accept that fact, it might eliminate some stress-induced furrows and gray hair.  Now...where did I put that invitation to the Botox party?

Lori Prizmich, CRS

Keller Williams Realty

530 845 3325 (direct)

Comments (2)

Laura Warden Nordin
Century 21 Camco Realty - Albuquerque, NM
30-year Top Producer in Greater ABQ Real Estate

Hi, Lori,

Nice to see a new blog from you after a few months respite! Taken any more CRS classes since the one in Sacramento?

BTW, where'd you get my latest photo to use on your blog? LOL!

May 11, 2009 07:41 AM
Carol Lee
Dilbeck Real Estate - Oak Park, CA
Realtor - Agoura, Oak Park, Westlake CA Homes

Lori- And yet, the banks give a 15 day loan contingency on REO's.  Go figure!  One would think they should know better!

Aug 07, 2009 06:44 AM