A couple of weeks ago I was able to achieve something that's rare in today's mortgage world - a 10 day settlement. That means in less than two weeks I was able to get my client from contract to closing.
Being able to close in such a short amount of time can make you VERY attractive to a seller. If you're competing in some of our hotter markets, it could be enough to make you stand out and win against multiple offers. However, it's not for everyone.
For starters, your lender makes all the difference in the world. The large banks have tens of thousands of applications going through their pipeline at any time so files tend to get lost in the mix. I know two excellent local lenders who can help.
Secondly, it helps if you're able to get ahead of the game by getting documentation to the lender so they can get the approval process running. My client had pay stubs, tax statements, and everything else ready to go. So if you need some time getting that all together, you'll need more time to close. Most lenders these days have a full pre-approval process that will get you pretty close to the finish line before you even sign an offer.
It'll take some work, but in today's market with tight inventories, it will take all of us working together to get your perfect house.
Want to know what lenders can help us get it done? Shoot me a message!