Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 2 years ago on . Most recent reply

User Stats

416
Posts
188
Votes
Mike Schorah
  • Rental Property Investor
188
Votes |
416
Posts

Do I need to wait until the inspection period is over to close?

Mike Schorah
  • Rental Property Investor
Posted

As a buyer, do I need to wait until the inspection period is over to close?

It’s an all cash sale. I have a 30-day inspection period (which ends January 30) with the ability to close ON OR BEFORE February 22.

Could I close in 2 weeks (January 25) after title is clear?

Most Popular Reply

User Stats

3,673
Posts
3,452
Votes
Steven Foster Wilson
  • Rental Property Investor
  • Columbus, OH
3,452
Votes |
3,673
Posts
Steven Foster Wilson
  • Rental Property Investor
  • Columbus, OH
Replied
Quote from @Mike Schorah:

As a buyer, do I need to wait until the inspection period is over to close?

It’s an all cash sale. I have a 30-day inspection period (which ends January 30) with the ability to close ON OR BEFORE February 22.

Could I close in 2 weeks (January 25) after title is clear?


 You can shorten that in your contract. If I am buying cash sometimes I will just make the inspection period 5 days then close the next week. The fastest I have ever closed a deal was in a week. A 3-day inspection then closed 2 days later. 

Loading replies...