Had to choose between a 30-day close or waiting for a better rate lock

Went with the fast close to secure the property in Austin. Anyone have tips for smoothing out the appraisal rush on a tight timeline?

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3 Comments

foster.charles5mo ago

Austin's market is hot, but is a 30-day close really that much of a crisis?

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michaelf515mo ago

I saw a deal fall apart last week over a 21 day close, so yeah it can get tight.

9

amy1545mo ago

A 21 day close is a horror story waiting to happen. That's barely enough time to get the paperwork in order, let alone handle any surprises. I'm not surprised that deal fell apart.

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