How long does it take to buy a home?

From the start of searching online to closing, buying a home typically takes about 10 to 12 weeks. Once a home offer is accepted, the average time to complete the escrow period on a home is usually 30 to 45 days.

Real estate market conditions are a major factor in how fast homes can be sold. In hot markets with a lot of sales activity, buying a home may take longer than usual. For example, a spike in home sales increases the demand for property appraisals and inspections, yet there will be no increase in the number of appraisers or inspectors available so this may cause a delay. If any party involved in a sale takes a day or two longer to get their work completed, the entire process and closing date may need extended.

Are you ready to take the first step in buying a home? Let’s connect! Schedule a meeting with me!

Source: rubyhome.com