Owning your own home

You are reading a single comment by @frankohara and its replies. Click here to read the full conversation.

•

Jameo in reply to @frankohara

Yep, you’re thinking about it the wrong way, the MIP takes 10 minutes as it’s spat through a computer algorithm. Actually getting a mortgage requires a valuation of the property by a human, and assuming that human agrees with what you’re offering. It could be weeks or not at all.

•

frankohara in reply to @Jameo

Hence the question😉 thanks @Mr_Smyth and @Jameo is there anything you can do as a seller to get a better idea of what the timeframe is going to look like if your buyers are waiting for survey and your agent is not ‘on it’?

•

Mr_Smyth in reply to @frankohara

not really, it’s all about the levers that can be pulled or pushed the other way and adding up to a timeframe.
availability of surveyors.
buyers keenness
agents willingness to chase
sellers answering questions immediately.
how long is that piece of string?

About

Avatar for frankohara @frankohara started