So I am new here and I’m about to start my real estate investing venture. I am placing an all cash offer to a foreclosed VA home and my real estate agent just asked me what date I wanted to close. I live in Texas I’m not sure if that has anything to do with it. But anyhow I’m not sure how much time I should put from offer acceptance to closing date. Is quicker better or should I give a couple weeks delay?
If it's a cash deal and you are buying as-is with no inspection contingency than the sooner the better. If you have any contingencies in your offer that you need to have time for you should account for them. Otherwise with a cash deal it doesn't matter and depends only on your plans. Also it it's a foreclosure it may take a few months before you are able to close
Hope this helps
Read the auction terms. You are likely the owner and responsible for taxes, etc. from the auction sale date forward. Likely makes no sense at all to delay closing.
Sorry, just re-read your question... this is an REO. Fast closings are always more attractive to motivated sellers. 1-2 weeks is all a good title company should need but check with title first.
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