Property Purchase procedure on Tampa Florida

[Liz C.]

Hi all , I have an accepted offer on Tampa Florida , what's the purchase procedure ? The agent told me I only have two weeks to close for cash deal. ( is normal to close in just two weeks ?) I will be purchasing using and land trust and the service that I use told me they need two weeks to create land trust itself. How can we proceed for the whole process? And also if I do close in 11/2 for example , do I legally get any extention dates? In New York I get extra 30 days. Thanks everyone !

[Wayne Brooks]

There is no “standard” 2 week close for cash. 30 Days is typical. It ALL depends on what You put in the contract as a closing date, and the seller agrees. Land trust aren’t that expensive, less than $500 or so, and an attorney used to doing them has a simple template, takes about 15 minutes, no registrations required. Investors who use them a lot have their own forms.