Quick Close Cash Offers Possible in PA?

[Dallas Martin]

I was discussing cash offers with a fellow Pennsylvania investor today and he said that even if you make an all cash offer you still would not be able to close quickly because the title search is required and can take up to 30 days.  If that's true then it would slightly diminish the advantages of making cash offers because a good lender would only need a few more days to process a loan.  So two questions: 1) Are title searches required in PA for all real estate transactions (even cash offers)? and 2) How long do title searches take?  30 days seems way too long to me.

[Jonathan Wyse]

Title searches are optional on cash purchases, but strongly suggested (in my opinion)

Closing can happen typically as fast as the title search is done. The cash buyers I work with usually close in 2 weeks on even much sooner (if you have a good relationship with a title company they will work on it quicker). If your title company it taking 30 days, go to a different one.