2007-02-27 06:41:39 · 15 answers · asked by jessica c 1 in Business & Finance ➔ Renting & Real Estate
The bank has the title search done (all good) the appraisal done (also good) and already prequalified (for alot more than I need!).
2007-02-27 06:49:58 · update #1
It depends on where you are located and what mortgage company you are using. I am in Texas and I just closed a deal in 10 days. The buyers went stated income and the appraisal and title work were already done. We went under contract on 2/18 and just closed yesterday.
2007-02-27 07:06:13 · answer #1 · answered by Scott 2 · 0⤊ 0⤋
It really depends on the loan. usually is a month that is the reason why they put the close of escrow to be a month from the date when the purchase agreement was submitted. But it can take less or more time. It also depends on your realter and loan processor. If they get everything they need fast or not. Also it can depend on the bank. Some banks send out the conditions fast and others take loanger. Just keep in mind that this can sometimes be a long process is if the loan processor don't have everything they need.
2007-02-27 06:59:32 · answer #2 · answered by ITALY06 1 · 0⤊ 0⤋
After you have found a house and secured the financing it should take no more than 30 days to close. If you deal with a mortgage broker it may take a little longer. The strength of your credit, asset, and income picture could make this time go faster. Now actually moving in could take longer, that will depend on the agreed time between the buyer and seller as to when the seller needs to move out.
2007-02-27 06:48:04 · answer #3 · answered by jgill586 1 · 0⤊ 0⤋
If there are no title problems and the appraisal can be scheduled quickly and your loan is prequalified then 30 days should be sufficient.
2007-02-27 06:46:36 · answer #4 · answered by Anonymous · 0⤊ 0⤋
It depends on a lot of things....but the typical escrow period - the time between the signing of the purchase agreement until the time you are sitting at the closing table - can take anywhere from 6-8 weeks.
There's tons of stuff going on during that time. After you have the purchase agreement signed, you actually apply for your mortgage loan and wait for its approval. The house is appraised, inspected, you purchase your homeowner's insurance,etc.
2007-02-27 06:50:28 · answer #5 · answered by YSIC 7 · 0⤊ 0⤋
It depends on all parties,,,,but in closeing a house we should assume everyone has all papers singned closeing sheet with disbursements, amount you pay, all the t yping ...paper work,..all who needs to be their,, I'd say from time of singing contract (hopefully purchases credit is good) no l onger than l0 days. Possibly more in other situations. But ususally this what is strived for ˝oGood Luck " BUT, a lot of people runs for 3-4 weeks, one must give seller time to move out, whick about 30 days most places. From my fastest of l0 days to my longest 30 days. I usuallycross my fingers and hope all sllides thru with ease. Have a great day.
2007-02-27 06:47:33 · answer #6 · answered by darlene g 2 · 0⤊ 0⤋
Usually 30-45 days depending on the lender
2007-02-27 09:56:32 · answer #7 · answered by frankie b 5 · 0⤊ 0⤋
In Texas it is 4 days to 3 weeks, 2 weeks is the norm.. I wonder where it takes 4 weeks? Thats slow.
2007-02-27 08:03:55 · answer #8 · answered by Mark P. 5 · 0⤊ 0⤋
It all depends - on the mortgage company, the owners, the realtors and lawyers. If you stay on top of it, and get them what they need when they need it, it goes alot smoother. I have seen them drag out, but I have also seen them go quickly and smoothly. Some of it is out of your hands, patience is a must as well. Congratulations if this is in reference to you!!
2007-02-27 06:45:31 · answer #9 · answered by MommaSchmitt 4 · 0⤊ 0⤋
Depends on a lot of things - if you are financing - depends on the bank, depends on when the sellers can be out, etc
2007-02-27 06:44:49 · answer #10 · answered by kelbean 4 · 0⤊ 0⤋