When you know what to expect, the home buying process can be made much simpler. Here’s a handy guide to the typical home buying process:
Timing and Variables
While the exact timing of the entire process depends on important variables, the whole process generally takes between 30-45 days. These variables can include:
While you are finding a home and negotiating the price, your mortgage consultant will be doing all the work that is necessary to move toward final approval. The speed at which they can work, is 100% dependent on your cooperation – so be prepared to work with them! If they need some paperwork, be quick to provide it. If they call you, call them back as soon as you can. Once your final approval is received, all that’s left is to wait for your Close of Escrow date.
Your mortgage consultant and realtor will be able to provide you with a more accurate timeline, once they’ve had the chance to speak with you and get to know your specific situation and needs.