How Long Does It Take to Close on a Home?

When buying a house, the length of your closing period
depends on you and what type of loan you get.

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How long does it take to close on a home?

The length of the closing period depends on the buyer and the type of loan they get. Getting a loan constitutes the longest part of the closing process. If you don’t use a loan and buy your home with cash, however, you can close within 10 to 14 days.

The longest part of getting the loan itself is getting your documentation to your lender. Make sure you get your loan documents to your lender the same day they’re requested, or at the very least the next day. Once the whole process goes to underwriting, everything stops once the lender requests documentation. The faster you can get them that documentation, the faster you can get to closing.

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The faster you can provide your lender their requested documentation, the faster you can get to closing.

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Typically, the average closing takes anywhere from 30 to 45 days because appraisal times can take a long time to come to completion.

If you have any questions about how long it takes to close a home or you’re thinking about buying or selling a home, feel free to give me a call or send me an email. I’d be happy to help.

How Important Is the Final Walkthrough?

The final walkthrough should be the last thing you do
before closing and it’s incredibly important.

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Today I want to discuss the thing you do right before closing: the final walkthrough. This step is essential because it allows us to go through all of the inspection items the seller has agreed to complete and make sure they are done to our satisfaction. Also, this is a great time to make sure there is no new damage anywhere on the property as a result of the seller moving out. We do this to double-check that the home is in the same condition it was when it first got under contract.

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All of these steps in the final walkthrough should be completed on the last day before closing.

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Lastly, we’ll make sure you receive a vendor checklist. This checklist will have each and every number you could possibly need as a new homeowner. All of these steps in the final walkthrough should be completed on the last day before closing. By waiting until that point, you are making sure that there is no time for anything to change on the property. If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.