Home
> Renting Real Estate > What is the recommended closing date when selling a property (2 bedroom apartment) in Toronto, Canada?
Recent Posts
- Real Estate No Cash Needed, Motivated Seller Advanced 8 CD Courses
- One Stop Property Selling: A Guide to the Legal Aspects
- Progress report.: An article from: San Diego Business Journal
- please help me out i really need help?
- what do you think about this on ebay?
- I need help with Adobe PDF files?
- OK. Let’s say I have a 100K approval for a loan but the house I found is 40K. How much should I borrow?
- Sell Or Rent Your Property Quickly
- Need help with selling house quickly to downsize. Please help?
- Asking again on an iffy foreclosure deal from a friend?
The best thing to do is put ‘flexible’ as the closing date. That way you are not restricting yourself to a particular buyer (i.e. those that need to move in quickly, or those that can’t move in until a later date). Furthermore you can negotiate price by using you willingness to meet their closing date. I just recently bought a house, and the seller needed to sell quickly (as they purchased another home), and I didn’t need the home until later. So what I did was put a closing date in my offer approximately 120 days in the future; the seller negotiated with me and the sooner the closing date became the more he was willing to go down in price. He was willing to meet my 90 day closing but it would mean that he wouldn’t discount the price of the house much, but if took it in 60 days he would give it to me for less.
So by being flexible in your closing date you can avoid the buyer using the closing date as a negotiation tactic, and also it will provide you with more room to negotiate with the buyer.
‘You want the apartment in 120 days?? ‘ sure I can do that for you, but the price is fixed’. etc etc.
Closing will not happen till someone buys the property. So I have no idea what 1 mo or 3 months or 6 month from the MLS date has to do with the selling and closing of the property…