How long does it typically take to close on a home?
Our average real estate transaction is financed through the bank and generally takes between 35 and 45 days to close. This includes your inspection timeline, the appraisal, and all the documents the lender will require from you.
Cash transactions are far quicker and usually only need about five to 20 days. If there’s a tenant living in the home you choose to buy, it can significantly increase the time to close. I’ve seen transactions go from 90 to 180 days just because of the tenant.
If you have any questions about this topic or are thinking about buying or selling a home in our market, please feel free to reach out to me so I can help. I look forward to talking to you soon!