Top 50 Questions about Farmland
The typical timeframe to close on a farmland transaction is around 45 days, but this can vary depending on the specifics of the deal.
Factors Affecting Closing Time
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Cash Transactions:
- Cash deals tend to close faster since they don’t involve lender approval processes.
- Closing can occur in as little as 30 days.
-
Financed Transactions:
- If the buyer is using a lender, the timeline may extend due to loan approval, appraisals, and title reviews.
- Expect closer to 45–60 days.
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Other Considerations:
- Involvement of multiple attorneys or title companies can extend the timeline
- Outstanding issues with the property title or documentation can cause delays.
Key Takeaways
- Standard closing timeline: Approximately 45 days after signing the purchase agreement.
- Cash transactions: Often faster, taking around 30 days.
- Financed transactions: May take closer to 45–60 days due to additional steps.
For a seamless closing process, trust David Whitaker – Iowa Land Guy to guide you every step of the way!
David Whitaker | Iowa Land Guy
