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How Long Does It Take to Buy a Home (From Offer to Closing)?


Once your offer has been accepted, you expect to enter your dream home as soon as possible. There’s a process between offer and closing, and playing your part right helps accelerate everything toward owning your home. Here’s how you can avoid bottlenecks that could delay your homeownership.

Devise a Proper Plan 

Proper planning brings you closer to occupying your dream house. It involves the following steps:

  • Selecting an appropriate location and type of home while taking into account your budget and financial situation
  • Engaging an expert loan officer to help with mortgage pre-approval, making your offer look serious to the seller
  • Engaging a realtor with superior negotiating credentials and a good buyer’s representative reputation

Be Cooperative with a Touch of Professionalism

It’s in your best interests to act according to the agreed-upon terms and conditions. This may entail:

  • Satisfying your end of the bargain by the agreed date
  • Understanding your rights and fulfilling your responsibilities as the buyer
  • Working closely with your buyer’s representative and loan officer from start to finish

Here’s a typical timeline to follow once your offer has been accepted:

  1. Buyer, seller, closing officer, and loan officer receive copies of the signed contract in two days, latest.
  2. In three days, your loan officer sends you a TRID (TILA-RESPA Integrated Disclosures). The document shows all the expenses associated with the purchase.
  3. The loan office initiates appraisal, which may take 10-15 days. This exercise establishes whether the home’s market value matches the agreed price for your mortgage to be finalized. You may need to renegotiate if the asking price is too high.
  4. As per the contract terms, a few days may be required to inspect the property and agree on repairs. The appraiser may require repairs if you’re approved for a VA or FHA mortgage. Your professional inspector can also recommend repairs. Keep in touch with your realtor for updates and timelines throughout inspections and repairs.
  5. Realtors for seller and buyer will together coordinate inspections and repairs within the approved timelines.
  6. A survey may be ordered after satisfactory appraisal, especially if you don’t have enhanced title insurance.
  7. Your loan officer engages the title company, stipulating preconditions for the loan money to be paid to the seller.
  8. After satisfactory appraisals and surveys, you can apply for homeowner and hazard insurance.
  9. In about 15 days, new title insurance policies for you and your mortgage provider will be ready.
  10. You should receive closing paperwork just before the closing date. Make sure to review and understand the contract terms before signing. Also, determine how much money you need to send to the closing company before the closing date.
  11. Closing may take place between 20 and 30 days after signing the contract.

How to Fast-Track Home Ownership

You can avoid delays by planning well and giving your realtor, loan officer, and other professionals your maximum cooperation. Also, be sure to engage experienced and reputable real estate experts.

Do you wish to buy a new home in Hermosa Beach or the South Bay area? Reach out to our team at Brighton Escrow today. We are ready to provide you with top-notch escrow services.

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