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Rainmaker
5,244,229
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

"typical", what is that? An all cash residential deal can be done in under a week. A complicated multifamily transaction involving multiple limited partnerships took 11 months to sign a contract and another 30 days to close.

Mar 11, 2021 04:02 AM
Ambassador
2,072,987
Alan May
Jameson Sotheby's International Realty - Evanston, IL
Home is where the hearth is.

Once you know that they've betrayed you... that's when you take them behind the barn.

Mar 10, 2021 07:37 PM
Rainmaker
1,208,441
Peter Mohylsky, Destin BeachPro
PMI. Destin - Miramar Beach, FL
Call me at 850-517-7098

30 to 45 days are typical.  I have seen more and less. 

Mar 11, 2021 03:09 AM
Rainmaker
633,820
Buzz Mackintosh
Mackintosh REALTORS - Frederick, MD
“Experience, reliable, leadership”

That is a loaded question...it depends because nothing is typical in the real estate industry.

Mar 11, 2021 03:00 AM
Ambassador
3,350,439
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

"Typical" does not exist in real estate and there is no longer any such thing as "normal".

Mar 11, 2021 08:03 AM
Rainmaker
1,202,422
Doug Dawes
Keller Williams Evolution - 447 Boston Street, Suite #5, Topsfield, MA - Topsfield, MA
Your Personal Realtor®

30 - 60 days from offer acceptance

Mar 11, 2021 06:16 AM
Ambassador
3,140,848
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate (435) 632-9374 - St. George, UT
St. George Utah Area Residential Sales Agent

No typical. Whatever is agreed upon by buyer and seller.

Mar 11, 2021 03:58 PM
Rainmaker
1,847,621
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

What do you mean? Too open a Q. 

I can get it signed by the buyer in hours --> to the seller in minutes --> seller takes their time, maybe 2 days --> seller signs --> back to me in minutes. Completed contract.

Mar 11, 2021 06:34 AM
Rainmaker
1,325,249
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

Let's assume you actually mean "How long does it take to close a transaction once the contact has been fully signed?"

Depends...

A cash transaction can close in a few days.

A financed transaction with full underwriting of the loan, appraisal, preparation of documents, signing and funding, can take anywhere from about 20 days to forever (although average is about 30 days).

Mar 12, 2021 09:54 AM