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Updated over 2 years ago on . Most recent reply

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Mike Schorah
  • Rental Property Investor
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Do I need to wait until the inspection period is over to close?

Mike Schorah
  • Rental Property Investor
Posted

As a buyer, do I need to wait until the inspection period is over to close?

It’s an all cash sale. I have a 30-day inspection period (which ends January 30) with the ability to close ON OR BEFORE February 22.

Could I close in 2 weeks (January 25) after title is clear?

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Steven Foster Wilson
  • Rental Property Investor
  • Columbus, OH
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Steven Foster Wilson
  • Rental Property Investor
  • Columbus, OH
Replied
Quote from @Mike Schorah:

As a buyer, do I need to wait until the inspection period is over to close?

It’s an all cash sale. I have a 30-day inspection period (which ends January 30) with the ability to close ON OR BEFORE February 22.

Could I close in 2 weeks (January 25) after title is clear?


 You can shorten that in your contract. If I am buying cash sometimes I will just make the inspection period 5 days then close the next week. The fastest I have ever closed a deal was in a week. A 3-day inspection then closed 2 days later. 

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