Reply to Bidding on House with Multiple Offers?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We had no selling contingency (we were renting at the time) and we said we were willing to close any time between 30-90 days (depending what worked best for the sellers).  We also came with proof of financing.

Other people will suggest waiving inspection, but we weren't comfortable doing that.[/quote]

The house we now live in had 10 offers. 30 days closing would have taken you out of the equation automatically. Closed in 11 days.[/quote]

How did you manage to close in 11 days?  We talked to a lender who said they needed 30 days.  We're bidding in another city with a hot market and I'm told many(most?) buyers have all cash and can close quickly.[/quote]

Closing time should be a main criteria for selecting your lender. We went with a small local bank. Obviously we wanted the best rate also, so among those you pick the fastest. Make sure all your paperwork is ready to go. We reviewed most of it with the lender before making the offer. [/quote]

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