We saw a couple of deals with this clause that beat us out earlier in the year. Our agent told us this might be a good distinguishing point in our bid.Hence we put in the 21 day closing. Jimmy[/quote]
WOW. Not something that I would ever tell anyone to do.
Way too stressful and unrealistic. It can even be difficult for an all cash buyer to close in 21 days.
Most components of the process are totally out of your control.
In the future,I would not suggest anything shorter than 30 days for both loan lock & closing, although it may be possible to close sooner.
Never agree to anything that you don’t understand 100% and don’t hesitate to get a 2nd opinion before you agree to something that you aren’t sure about.
Aggravation can often be avoided.
