2006-07-03 09:35:32 · 5 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
are you talking in terms of someone who has got the capitals in hand or talking about the time needed to rack up that capital you need?!
2006-07-03 16:26:29 · answer #1 · answered by TM 3 · 0⤊ 1⤋
It really depends on a lot of factors not mentioned from you.
I have helped a client buy and finance a home in 12 days start to finish. I have also seen them take 2-3 months. 30-45 days is probably the average.
I found a good resource at:
http://www.first-time-homebuyers-loans.com
They provide a lot of good tips and resources.
Good luck,
Greg S.
2006-07-03 09:50:08 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Talk to a Realtor but it depends on what house you are buying.
For example- do you want a termite report?
Do you want your assessor to check it's stated value?
Do you have cash on hand, or will you have to qualify for a loan?
Do you want to have a 30, 60 or 90 day escrow?
Do you want to deal with Fannie Mae (ooh! he said fanny, ha ha)
You get the idea.
But presuming that all goes well, you could say 90 days or less.
2006-07-03 09:43:28 · answer #3 · answered by roscoedeadbeat 7 · 0⤊ 0⤋
We found our house April 1st made an offer on the 11th and closed on May 2nd(moved in immediatly). Hope this helped......it takes awhile for title search, survey, and all of that other stuff. We also had slightly below average credit and didn't put a dime down...the seller covered closing cost.
2006-07-03 11:17:55 · answer #4 · answered by Anonymous · 0⤊ 0⤋
A couple of months is typical. A bit less if you've already found the place you want to buy and are pre-qualified for a loan.
2006-07-03 09:42:42 · answer #5 · answered by Bostonian In MO 7 · 0⤊ 0⤋