If you're buying a house, you'll want to prepare as much as possible for your homebuying process timeline. While each sale is different, there are certain aspects of the process that can take time - long after the house hunting is finished.
How long does it take to buy a house?
The homebuying process takes a couple of months to a year, depending upon how much preparation you need to complete first. Generally, most people close their houses within 2-3 months.
Hire a real estate agent
A qualified real estate agent or broker who knows the neighborhood can provide insight into local housing conditions and pricing strategies. If you're not sure where to start in finding an agent, try asking loved ones and colleagues for recommendations.
It is important to have an agent who will act for your interests alone. Finding your dream home can be tough, but real estate agents have the knowledge and resources to make the process quicker and easier.
Loan processing & underwriting
The mortgage process can take up a significant amount of time in your home buying timeline. Typically, the lender's loan processing department examines your mortgage application for approval and makes sure it contains the information required.
Eventually, applications will get verified by the underwriter. Underwriting agencies will check for any inconsistent credit information and property information.
During & after the actual process
The final stage in buying a house is known as the closing process. On the closing date, your real estate agent will help you gather all the paperwork necessary, including the closing disclosure, purchase agreement and tax information. You'll also need to pay your final closing costs at this time.
While the events of closing day can vary in terms of timeline, the more you prepare, the quicker it will go. The sooner you close, the sooner you can move into your new home and start enjoying life as a homeowner.
About the Author
Wendy Wiegand
As a premier real estate agent in Carlsbad, I’m here to provide you with all the resources and information you need to buy or sell real estate. I work with buyers and sellers in Carlsbad, Encinitas, Oceanside, San Marcos, Vista and the surrounding areas and I’ve had extensive training in the latest real estate marketing strategies. I’m confident that I can offer you knowledge and tools most other agents can’t.
I believe in service, both to my clients and our community. When working with clients, you can be assured I am focused on providing the most comprehensive and dedicated effort so that you can achieve the best results possible when buying or selling real estate. I am also deeply involved in serving our community, as you and I all call it home. I have been a member of Rotary since 2003, have been an active member of the Carlsbad Chamber of Commerce since 2006, and serve on the board of the Agua Hedionda Lagoon Foundation. Perhaps my even deeper service to my clients and our community is Wiegand Realty’s participation in Business for a Cause.
Contact me so I can keep you updated on the latest real estate activities in our community and answer any questions you may have.
Thanks and I look forward to assisting in all of your real estate needs!
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