I live in Oregon, out here when you buy a house it takes between 14 and 28 days to close the deal. I hope to move to New Hampshire this spring and am wondering how long I can expect it to take out there?
2007-01-06 11:33:13 · 3 answers · asked by Sarah-Jane 2 in Business & Finance ➔ Renting & Real Estate
It depends if you need a mortgage or not.
If you do, then ask your mortgage company. Usually in under 30 days.
You'll want to schedule a home inspection, perhaps a septic inspection, and so forth.
If you are paying cash, you can pretty much close as soon as you can schedule a closing, which is merely days.
If you are taking out a mortgage, they'll want to schedule an appraisal and so forth, so you should plan on more like 30 days, but that depends on your company.
2007-01-07 11:41:44 · answer #1 · answered by T J 6 · 0⤊ 0⤋
Most lenders have 30-45 day interest rate locks, so the closing needs to at least happen within that time frame to keep your rate on the mortgage.
When you close and when you move in should be negotiated with the seller, and verified with the lender that they can complete ALL the paperwork needed to close. Once that is agreed upon, that's how long it should take.
On an all cash deal, the date is just agreed upon by both parties. If you're borrowing, please work with the Realtor and/or lender to find out how long they'll need.
2007-01-06 11:37:57 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Less than 30 days usually.
2007-01-06 11:35:44 · answer #3 · answered by Terry 5 · 0⤊ 0⤋