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Do I have 3 months to close a sale?

  • 02-03-2012 2:01pm
    #1
    chrisp2281
    Registered Users, Registered Users 2 Posts: 127 ✭✭


    Hi Guys,

    My valuation report went off yesterday.

    I expect my full loan offer to arrive sometime next week.

    Do I have 3 months from that date to close the sale?

    The vendors want until the end of May.

    Thanks,

    Chrisp2281


Comments

  • #2
    Bigcheeze
    Closed Accounts Posts: 2,858 ✭✭✭Bigcheeze


    When your full loan offer arrives it will have a time limit on it. Normally 3 months from date of issue.


  • #3
    chrisp2281
    Registered Users, Registered Users 2 Posts: 127 ✭✭chrisp2281


    I thought as much. I suppose i'll give them until the end of May so :)


  • #4
    P. Breathnach
    Registered Users, Registered Users 2 Posts: 12,089 ✭✭✭✭P. Breathnach


    chrisp2281 wrote: »
    I thought as much. I suppose i'll give them until the end of May so :)
    First, if you get your loan offer, check carefully what the time limits are; don't suppose anything.

    Second, within reason, the closing date is fixed by agreement between the buyer and seller. If the end of May suits you as well as the seller, go for it.


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