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Cash offer

Started by sammy300
about 14 years ago
Posts: 208
Member since: Mar 2012
Discussion about
How long does it take to close a unit in a condo if you are a cash buyer?
Response by Consigliere
about 14 years ago
Posts: 390
Member since: Jul 2011

Contract done and deposit paid?

Board process?

Is title clean?

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Response by SMattingly
about 14 years ago
Posts: 100
Member since: Oct 2007

S300 -- Condo Board typically has 30 days in which to waive its right of first refusal, though many don't wait that long. Once given, most condos can be closed as soon as the parties can agree to come to the table (most difficult party to corral may be the seller's mortgage lender, if there is a lien to be released at closing). Net-net, it can be as short as 15 days after completed purchase application is submitted, or it can take 50 days.

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Response by sammy300
about 14 years ago
Posts: 208
Member since: Mar 2012

Thanks SMattingly

Consigliere -- Contract done; deposit paid; clean title. There is no board process just an application with the standard financial info requested.

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Response by Consigliere
about 14 years ago
Posts: 390
Member since: Jul 2011

2 weeks or less Sammy if that is the case. Talk to your attorney.

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