Episode 4 : How Long Does the Transaction Take, and What is the Process and Timeline?
In this episode of Rock the Closing, hosts Orsolya and Dalia delve into the intricacies of real estate transaction timelines. They break down the process and discuss how long different types of transactions typically take, from cash deals to mortgage-financed purchases. The episode also covers key steps in the process and provides valuable tips on how to prepare for a smooth closing. Whether you're buying or selling, this episode will help you understand what to expect and how to navigate the timeline effectively.
IN THIS EPISODE, YOU’LL LEARN:
About transaction timelines, including the duration of cash transactions and factors influencing them, how long it typically takes when a mortgage is involved, and the differences between cash and mortgage transactions regarding closing times.
An overview of the process, with key phases of a real estate transaction from start to finish, and important steps to take at each phase to ensure a smooth process.
How to prepare for closing, including how to get your board package ready and the importance of timely submission, as well as what to expect during the final walkthrough and its significance.
How to handle post-closing issues, with common problems that may arise after closing and how to address them, such as post-closing occupancy and escrow issues.
Practical tips, such as essential items to bring to the closing table, how to manage potential delays, and ways to ensure everything is in order before the closing date.
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Music Credits
Music by SoundHills, Beautiful Minds. Find more at https://protunes.net/
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Disclaimer:
Thank you for tuning in to RTC! This podcast is hosted by real estate attorneys, who offer valuable insights. Please remember that the content is for educational purposes only and does not constitute legal advice. Always consult a qualified professional before making any decisions. This podcast is copyrighted by Rock the Closing, and any reproduction, syndication, or rebroadcasting of the content requires written permission.
