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Updated almost 2 years ago,

Account Closed
  • Charlotte, NC
2
Votes |
10
Posts

How fast is too fast when it comes to closing?

Account Closed
  • Charlotte, NC
Posted

My husband and I live in Charlotte, NC.  The market is very hot right now, and we're having a difficult time finding anything in our price range- for a few reasons.  First, is how to fund the purchase.  We have access to cash (our own and family's)- my husband wants to finance as much as possible, where I want to use as much cash as possible.  Logistically it just doesn't seem like its going to work to finance in this market b/c it takes too darn long to close.  More importantly though, we disagree on how fast we should close.  Again, I'm of the mindset that we offer cash and close ASAP.  My husband's a GC and has been in construction his entire life, so I'm confident is his ability to identify problems.  Even if we did want to get an inspector in there, I'm thinking we could have it inspected w/n the 10 day period (maybe I'm wrong).  Anyway, he doesn't want to close any sooner than 30 days b/c he feels like we need that amt of time for doing our due diligence- he's mostly basing this off his mentor.  The problem I see with that though, is that his mentor bought during a different market.  He gobbled up properties after the crash of 2008.  With the way Charlotte is right now, I just don't foresee us getting a deal unless we can move quickly.  Any thoughts or input would be greatly appreciated!  I'm not really looking for a one sided, "agree with me" only, kind of an answer.  I'm open to hearing out both sides... maybe my logical is faulty! 

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