Date to closing sooner or later what’s best

2 Replies

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?

@Andrew Leighton

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.

Free eBook from BiggerPockets!

Ultimate Beginner's Guide Book Cover

Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!

  • Actionable advice for getting started,
  • Discover the 10 Most Lucrative Real Estate Niches,
  • Learn how to get started with or without money,
  • Explore Real-Life Strategies for Building Wealth,
  • And a LOT more.

Lock We hate spam just as much as you

Create Lasting Wealth Through Real Estate

Join the millions of people achieving financial freedom through the power of real estate investing

Start here