Tag Archive for: contingency periods

Low, High, List Price: How Much Should You Offer on a House?

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As the new year opens, you may wonder if you should purchase a home. There is so much causing inflation which is, in turn, taking its toll on the housing market. Not only are sellers losing ground, but currently, even buyers aren’t capturing the market and turning it into a buyer’s market. But waiting to […]Read More

TRID: Longer Escrows; Contingencies The Same

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This is a reminder that transactions that are “disclosed” after the October 3rd TRID implementation require about 7 more days to close. BUT, contingency periods remain the same. We can still release appraisal and loan contingencies in 8 days. TRID does not slow down contingency periods. One more important reminder: If you make meat-chili, you […]Read More

Post TRID Turn-Times; Contingencies Same; COE 7 Days Longer

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As mentioned, now that TRID is in effect we are requesting 21 day escrow periods instead of our usual 14 day escrow periods. We are working to move back to 14 day closings as soon as possible. TRID, however, is not affecting contingency periods. We are still 8 days for loans and appraisals. We can […]Read More