1,661,936
From contract to closing can vary so much there's no real way to answer this question.
-
John McCormack, CRS
Albuquerque, NM
699,277
Too long of a list to put here but I'm wondering why you would be on a real estate site if you have no knowledge of the profession?
-
John McCormack, CRS
Albuquerque, NM
15,507
With the new lending disclosure regulations going into effect in October, 45 days to close is going to be the new norm for purchases using financing.
55,673
A Motivated buyer who gives all the documents requested at time of application, has good credit and Income should be able to close within 30-45 days. More like 45 days. Many of the new lending regulations has caused some delays in the closing process.
6,393,494
1 day to 6 months
Contingencies!
Loan officers and underwriters.
title companies
sellers or buyers who are unprepared
Agents who are unprepared or incompetent.
reaction to inspections
5,583,278
to answer this question is to write a book.... one can close a cash deal with no contingencies in the time it takes for an atty to search the title... and it takes very little time if he/she does it him/herself....
613,494
Many things can go wrong, especially if you are trying to buy without an agent, buying sight unseen, or using the wrong agent.
If you are going to buy in the states, go to NAEBA.org (National Association of Exclusive Buyers Agents) and find an exclusive buyers agent (called EBA) who will give you 100% Loyalty, 100% of the time. They never represent sellers.
Eve
2,486,205
Wow, there is always that possiblilty that things that can go wrong. I say the average closing takes 45 days.
4,882,355
Typically 30 days. Problems with the buyers loan or title issues could cause delays.