How Long Does It Take to Close on a Home Purchase?

How Long Does It Take to Close on a Home Purchase?

Austin Real Estate Podcast with Jesse Myles

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This is how long a typical home purchase takes to close in Texas. A question I’m often asked by home seller clients is, “How long does it take to close on a home purchase?” In general, most homeowners can prepare to close around 30 days after an accepted offer. The buyer initiates the process by submitting a formal offer. Depending on the type of offer, the home may need to be appraised, inspected, or repaired before the lender will close on the purchase.  There are a lot of moving parts, so closing in faster than 30 days can be challenging. The lender will also need to gather financial documents from the buyer and finalize the loan. You can save time by accepting a cash offer, but it’s still a good idea to get an appraisal done. If a buyer or seller wants an extended closing for whatever reason, it’s all negotiable. If you have any other questions for me, don’t hesitate to reach out via phone or email. I look forward to hearing from you soon.
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This is how long a typical home purchase takes to close in Texas. A question I’m often asked by home seller clients is, “How long does it take to close on a home purchase?” In general, most homeowners can prepare to close around 30 days after an accepted offer. The buyer initiates the process by submitting a formal offer. Depending on the type of offer, the home may need to be appraised, inspected, or repaired before the lender will close on the purchase.  There are a lot of moving parts, so closing in faster than 30 days can be challenging. The lender will also need to gather financial documents from the buyer and finalize the loan. You can save time by accepting a cash offer, but it’s still a good idea to get an appraisal done. If a buyer or seller wants an extended closing for whatever reason, it’s all negotiable. If you have any other questions for me, don’t hesitate to reach out via phone or email. I look forward to hearing from you soon.
...Read More