Timing refers to anything that is necessary to move the contract along to closing on time, as in “time is of the essence” for the buyer to do a timely home inspection, making specific application with a lender for that house,  getting your paperwork and documents in on time,  and ordering your home insurance. For the seller, it may involve ordering the title insurance and the survey, getting repairs done so they can be re-inspected prior to closing, and making sure their closing agent stays  on top of everything.

In the larger picture, the timing begins with the Contract for Purchase and Sale, and the terms laid out for a closing time. This is where a quick closing of thirty days or less can be a key element of why a contract is accepted initially by a seller. If that sale doesn’t close within that time frame, it can cause undue stress on the parties involved, because everyone has lined up their future plans based on it. This is often where emotions begin to get heated.

The old saying “time is money…” begins to really make sense when you put it in the context of a real estate deal!