What is the amount of time you put in your purchase agreement that you will close on the property? I’ve heard 3 months and six months and want to make sure I get enough time to do my due diligence without the seller losing interest or taking another offer.
Thanks,
Nicole
I’ve gone back and forth between 30 and 45 days over the years, assuming it’s a straightforward deal, I’m buying with cash and planning to hold title (no assignment or double closing trickery).
If you know it’s going to be a longer time, you might want to consider an option.
Thank you for the reply and additonal info!
If you put an abnormally long amount of time in your PA, like over 60 days, you’ll just have to be able to explain why the timeline is so long, if the seller asks about it.