How Long Does It Take To Buy A House

Dated: 07/18/2018

Views: 417

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When we are talking about purchasing a house or when we are in the process of getting one, the question "How Long Does it Take to Buy a House?" always comes to our minds. Of course, we want to know the answer as we want our dream house now.

Ideally, it can take about 30 to 60 days when one goes house shopping, 14 to 60 days from contracts to close and likely 14 to 45 days before your first mortgage payment is due. It also depends on the documents one has ready and the mode of payment one has planned out. Usually, paying in full/cash will speed up the process only because there will be less paperwork to do.

With that, professionally speaking, the timeline for this is truly a case to case basis and it is different for everyone. To help you familiarize with what to expect, here is the basic process and its timeline.

1. Preapproval for a Home Loan

As we all know, our credit score is very important as it can help lenders see our credit usage and our history of on-time payments. It is for them to determine if we are responsible and credible enough to get a loan. Preapproval takes about 18 days from start to finish.

Having a good credit score can help guarantee a loan preapproval which is a big plus when one is getting approved for a mortgage. It does, however, require borrowers to submit accurate and multiple documents for loan officers and underwriters to approve.

This process, of course, does not apply to people paying in full/cash.

2. Finding the perfect Real Estate Agent

This step is extremely important as choosing the right agent can help you to get your dream home. Agents have expertise in the buying process, neighborhoods, the market, and negotiation. You’ll get through the home buying process more quickly with an agent. Not to mention the right agent can also be handy especially if you want to win a house that is up for bids.

To get the right agent, go online and search for them ( Check their reviews and their "about me" profile. Review them thoroughly and make sure to set up a 1 on 1 in order to get to know them a lot better. This step can take about 1 to 30 days.

Related topic:

4 Reasons to Choose a REALTOR®

3. Research on a potential neighborhood (Search)

This goes hand in hand with finding a perfect real estate agent as both of you now have the ability to help you find your dream home. Go on websites like Zillow and Trulia as this is a wonderful source for finding out the homes available in the area you want. Ask for go-sees and attend open houses. The time frame for this varies depending on the availability of homes in the area and one's budget.

4. Making an offer

After finding the perfect neighborhood, your Realtor will send you various listings that meet your criteria. It is now your turn to decide which home is best for you from the list of homes provided. Once you selected a home, the offer process timeframe can vary. It is different for everyone. If you're lucky the offer is accepted but there are indeed many cases where there are offers and counteroffers that go back and forth until every party is satisfied.

Many factors go into a mortgage closing, including closing costs. One of those closing costs is the inspection, which might take some time.

5. House inspection

This is another process that has to be done. Usually, when we go to a home, we only see its face value and we might not really have a chance to go back a thoroughly investigate everything once more, that is where a professional home inspector comes in. He or she will be able to make a thorough inspection and check everything for you.

A home might look great but underneath everything could be things that need repair. An inspection typically takes from two to three hours, but getting the inspector to the house can take up to a few days. One can also ask his or her real estate agent for recommendations.

Here are other blogs that you might want to read on that are related to this topic:

Top 10 Questions to Ask When Buying a Home

What happens in the offer process when buying a house?

Tips For Buying A Home That Your Pets Will Love

Don’t Overlook These Important Factors When Buying A New Home

Getting Your Home Ready for the Summer Market

Success Secrets When Selling A Home: 10 Simple Tips

Also, do feel free to read my credentials and my about me profile:

About Me

Heather Woodward Earns GUILD Status From The Institute of Luxury Home Marketing

The Heather Woodward Team is named Top 1% within Berkshire Hathaway HomeServices

If I can help you with a real estate purchase or if you are ready to sell, let me buy you a cup of coffee and let's discuss Crested Butte's potential. Who do you know that wants to buy or sell a property? Let the Heather Woodward Team help. You can contact me on my cell phone (970)596-1394 or send me an email at

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