It can vary, but the answer is a minimum of 17 days, which is the period required for written submission to the seller for any lender required repairs. 21 days is a good interval to allow for that minimum and build in some buffer. That being said, the escrow period for commercial acquisitions that involve SBA loans in California usually a lot 90 to 120 days as well as an increased deposit amount. In Texas, where you're located, seller's usually expect as little as 1%, but can request more if the buyer is utilizing secondary financing. In California, where I am located, 10% deposits are typical and financing periods vary based on the loan amount.
May 9, 2016