Depending on the type of property, whether you're buying with a mortgage, and the sort of loan you're taking out, the closing process for a home purchase can take anywhere from a week to 60 days. The closing procedure is divided into two stages:
Escrow: The time between when you and the seller sign the contract and when you close is known as escrow.
Closing Day: Closing day is when you sign all of the paperwork, receive the keys, and officially become the owner of a home.
When you decide to work with Josh Smith Buys Houses, you will get a closing date as early as possible. We can close the deal in as little as 7 days or work with you.
Closings can take a long time due to financing restrictions, so buying with cash can help speed things up. If you're buying with cash, you can close in as little as seven days after the contract is signed, if you agree to waive conditions.Contact Us
Buyers who employ traditional financing can anticipate closing within 30-45 days of signing the contract. Because the standards for special loans are tighter, such as first-time homebuyer programs, VA, and FHA loans, they can take longer to close.
If you're having a house built, there could be delays from the builders as well as delays getting into or locating a new home, which is why having an effective closing date is crucial.
During offer discussions, you and Josh Smith Buys Houses will usually agree on a closing date. However, due to unforeseen difficulties, your closing date may be pushed back a few days. Here are some of the most typical reasons for a delayed closing.