Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.

After you are pre-approved for a real estate loan, and you find your house how long does it take to?

close on your house? Thanks

6 Answers

Relevance
  • Anonymous
    1 decade ago
    Favorite Answer

    Lola stated it best. It all depends on what is needed to close on the property. Usually it's the financing that takes the longest time. The fastest I've seen on bank approved financing is two weeks. Private/hard money, one or two days.

    Regards

    Source(s): Satar Naghshineh satarnag@amirifinancial.com California Licensed Real Estate Broker and Investor
  • Anonymous
    1 decade ago

    It's whatever is stipulated in the sales agreement. Most contracts will state 30 or 60 days out from when the agreement is signed.

    However, if for some reason you know ahead of time that you need a faster closing, most lenders can accomodate closing pretty fast. Also, sometimes the appraisal can hold things up though - if the appraisers get backed up, that will slow down the lender fully approving the loan.

    Lastly, if you tell your lender you need to close in 10 days, try to avoid scheduling it at month-end, on a friday.

    Source(s): I'm a Realtor and a former loan officer.
  • 1 decade ago

    After being pre-approved I closed on my first house in 3.5 weeks.

    It all depends on what kind of mortgage,the loaning officer ,real estate broker and your Attorney. I know a friend who waited almost 3 months because the lawyers were in two different states and both had to wait for the paper work and try to find a

    "convenient" time to get together.The closer everybody is to each

    other than the faster it goes,I guess that's the trick.

  • Lola
    Lv 6
    1 decade ago

    It all depends on what is needed for closing and when the owners plan to vacate the premises. Closing usually takes a month or so. They have to check the deed for any problems and the house may need to be inspected for city violations depending on where you buy a home at. Violations will have to be repaired before the sale. Or in other words, you won't be moving in tomorrow.

    Source(s): former Realtor
  • How do you think about the answers? You can sign in to vote the answer.
  • 1 decade ago

    Usually a minimum of 30 days. If the house is vacant it can be done a little quicker, but remember the home still has to be inspected and appraised; then go through underwriting (verification of your info, title search on your property etc.). If no problems arise, and you wanted a quick closing, expect about 30 days.

    Source(s): Real Estate Investor
  • MST
    Lv 4
    1 decade ago

    That depends on several things. Have you and the seller agreed on the price? If the seller has already done the survey, appraisal, etc, you can close within a week or so.

    Source(s): bought a house 1 year ago.
Still have questions? Get your answers by asking now.