Mallory Lindley Realtor

Mallory Lindley Realtor

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07/19/2021

Reposted from Sage & Cedar | ATL Real Estate] [SAVE THIS] How long does it take to get to the closing table once you are under contract? Well... let's find out...⁠

The average contract 👉🏼 closing period sits around 21-30 days. Here's how it typically goes ⬇️ ⁠

Week 1:⁠
✹ Accepted Contract: everyone has agreed to the terms of the contract, and your agent will send it to the lender and closing attorney⁠
✹ Wire Earnest Money: earnest money needs to be wired to the closing attorney's escrow account within 3-5 days of the binding agreement date⁠
✹ Inspection: Inspection will need to be completed and a report returned⁠

Week 2:⁠
✹ Negotiate repairs: What repairs are you asking the seller to do? Will you be comfortable moving forward if they say no?⁠
✹ Appraisal ordered: Appraisal will need to be ordered by the lender⁠

Week 3: ⁠
✹ Appraisal returned: Confirming the home is worth with contract price⁠
✹ Title Search Returned: Ordered by the closing attorney to ensure the title is clear & that there are no liens on the home⁠
✹ Financing approval: the lender clears all financing conditions and the buyer is approved for the loan⁠

Week 4: ⁠
✹ Reinspection: Were there any items repaired that need to be reinspected by the home inspector?⁠
✹ Final Walk: Here is where you'll make sure the home looks as it did when you first saw it⁠
✹ Closing: Sign your papers and walk with keys!⁠

👉🏼 What other questions do you have about the closing process? Drop 'em in the comments!⁠

(p.s. if you know someone in the buying process, send them this post!)
Reposted from Sage & Cedar | ATL Real Estate] [SAVE THIS] How long does it take to get to the closing table once you are under contract? Well... let's find out...⁠

06/22/2021

So happy for my client because she really had her heart set on this place. This could be you but you haven’t called.
📲 864-378-6784
📧[email protected]

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154 Krog Street NE Suite 125
Atlanta, GA
30307