Tommy Dobczyk explains why first-time buyers should push for a 90-day closing period. A longer timeline gives you leverage to negotiate price down, since sellers can't pressure you on both speed and cost at once.
Are you in the deal room? You want to have a 90-day closing on, on your first deal no matter what. So that's my just 5-year, you know, 5 minutes of, of, or 30 years of knowledge in 5 minutes. On your very first deal, try to get the longest amount of time for closing possible, okay? Because you, you're negotiating with two things. One is price and the other is timing, right? And so if I'm a seller, I'm going to say to, to Catherine— Catherine has this pen— I'm I'm selling her this pen. You have to buy it at my price and you gotta buy it right now. Do you have any— are you able to negotiate with me on any of that? I decline. You decline?
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