Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
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 4 years ago on .

User Stats

603
Posts
130
Votes
Adam Craig
  • Investor
  • Cleveland, OH
130
Votes |
603
Posts

Many buyers always find reason to delay closing?

Adam Craig
  • Investor
  • Cleveland, OH
Posted

I am not sure if this is just alot of my deals or common practice, or maybe I am reading into it way too much.

On so many of our flips we accept a 30 or 45 days close. I would say over half the time it goes at least a week beyond that if not more. Many times I get very lame excuses from the agent and often it seems they are not working with any urgency. Countless times, no matter how much I push for it, they want to do their final walk through a day or two before closing to check the ROC items. More times then not their is something not to their liking so we have to make additional repairs, then they reinspect and so on...

What I suspect is they offer a 30 days close to get the house. But really they are not ready to move right away or don't want to pay two mortgages.

Do you find this is the case or are all these excuses for delays legit. I cannot imagine its common practice to put a per diem on flipped homes?