Today, we’re talking all about how long it takes to close on a home. So You’ve found your dream home and you’re ready to move in ASAP. Not so fast! These things take time. Here’s why. The actual time it takes to close escrow on a house could be between 4-6 weeks. This is because it now takes between 30-45 days to fund a loan. And while you’re waiting for the loan money, you’re also waiting for the title company, appraiser, inspector, and termite as well. Here’s some ways you can speed up the timeline.
Step #1
Know exactly what you want in a house. Do your homework before you even start looking. That way, we can save time and only look at the homes that fit your exact criteria.
Step #2
Find a great real estate agent and loan officer. Finding good people to help you from the start, will make the entire process much smoother. Which will also help to make things happen as quickly as possible.
Step #3
Work with your loan officer to figure out exactly how much you can afford. This is a big one. One of the most common reasons for delays is when buyers don’t qualify for financing. Making an offer for a property without getting financial pre-qualification can be a major mistake. It’s surprising how many buyers don’t acquire a written loan commitment from a bank or a mortgage lender before submitting an offer — But it happens all the time. By taking these three steps, you’re already ahead of the game. And that’s where I can help. By using a good real estate agent, we can make the process as painless as we possibly can.
If you’re thinking about making a move, I can help you through the process. Just send me a message or text me at 704-560-0823. No pressure, no sales tactics, just the help and guidance that you need!
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