How Long to Close on a House: Quick Guide

Wondering how long to close on a house? The typical timeline is 30-45 days, but various factors can speed up or delay the process.

  • Pre-Approval: Getting pre-approved by a lender can take a day to a week. It helps expedite the loan approval process.
  • Offer Acceptance: Once your offer is accepted, expect an initial wait of 3-5 days for counteroffers and negotiations.
  • Inspections & Appraisals: These usually occur within 10 days after the offer is accepted. The scheduling and inspection report can add extra time.
  • Loan Processing: Lenders review your application, which takes about 2-3 weeks. Providing all necessary documents promptly can speed this up.
  • Closing: The final step involves signing paperwork and transferring ownership, typically taking 1-2 hours on closing day.

Understanding these steps can help you better anticipate how long it will take to close on your new home.