How long does it take to close on a house?

Answer

It depends on your situation. Your purchase contract should specify a closing date. Typically, the time from signing the purchase contract to the actual closing date ranges from one to two months. If you’re paying in cash, the time-frame is shorter, but most buyers must deal with a mortgage lender.

Necessary searches

The house must go through the appraisal process, and if the appraiser finds the dwelling worth less than the sale price, renegotiation is necessary. A title search is necessary, but that doesn’t usually take long unless there is an issue with the title.

Financing in order

If the purchaser has to sell their current home before buying the new one, that’s another delay. Each situation is unique, so there’s no guaranteed way to shorten the closing time, but make sure your financing is foolproof. That’s the most common reason for closing delays.

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