How Long Does It Take to Close on a Home?
It typically takes around 30 to 45 days to close on a home after contract is executed. The factors below affect the contract timeline:
1. Mortgage Financing:
Mortgage timelines depend on lender efficiency, loan complexity, and potential delays in obtaining documentation or appraisal.
2. Home Inspection and Appraisal:
Scheduling a home inspection and appraisal can take time. Repairs may be necessary.
3. Title Search and Insurance:
The title company does a title search to check for outstanding liens on the property.
4. Contingencies and Negotiations:
Contingencies in the contract can affect the closing timeline.
5. Local Factors and Seasonal Variations:
The time required to close on a home can vary depending on rules and laws to close the transaction.
Working with Lisa Harris and the Harris Realty Group ensures a smooth transaction.