Would You Consider Accepting a 100+ Day Close on a Personal Residence?

[Joshua Dorkin]

We've been looking at houses for our personal residence and found one we like, but the owners want to do a 100+ day close (they want to close the end of May).  I'm just curious of you'd make an offer on a personal residence, knowing that the close is that far out?

Knowing myself, I'd be looking for other homes even while under contract and if I found something, I might even give up the earnest money to get out of the deal. It just feels way to far out.

I'm curious what everyone else thinks on this one?

[Elizabeth Colegrove]

@Joshua Dorkin 

The next best thing I would do, is write a "weak" contract allowing you to get out of the house easily if you find something better! Therefore ask for all the inspections and appraisals to start at day 60 (being able to get out at any time before them)! That way you lock the house without having to put money into it. Short sales are that way! You don't put any money into them until bank approval from 30-60 days. After you have waited 30 days you can get out no issues.