Currently selling a rental property. The buyer had pretty aggressive terms to close including 15 days for appraisal and commitment and close in 28. They just switched lenders 3 days after offer accept. Should I be concerned about closing timelines or ability to close? My realtor isn’t concerned but this seems abnormal.

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Not your problem and there's not really anything you can do about it. You want to try to break the contract?

That’s their problem, not yours

It will be my problem if I need to put it back on the market because they can’t get the financing

Did they leave a financing contingency in place? How much is their earnest money? Do you have backup offers?

No it is OP’s problem. Make sure you keep your lender up to date. If it falls through, assuming you have a mortgage, you still have to pay that. Now I don’t know if the buyer inserted a clause I always insist upon when buying that I get the deposit back if the lender doesn’t fund at closing, but you presumably have the deposit. Unless I was the buyer’s lawyer!

I wouldn’t be worrying about this.

Why are you concerned? It’s very common to get pre-approval from one lender (usually your home bank) then take out the mortgage with another lender with a more competitive rate. And why do you think a 28 day close or 15 day appraisal is aggressive? Very common to have an appraisal in the first 10 days and a 30 day escrow. Two days shy of that is probably just a timing variable the buyer has with selling their current residence or some other need. Not an issue.

Usually lender can close in less than 28 days. I as a buyer switched the lender as new lender was giving me favorable interest rate.

You can always have your agent call the new lender and confirm what is their expected closing.

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