The Real Cost of Owning a Home Buying a home is an exciting milestone—but it…
How Long Does It Take to Buy a Home?
Timeline from Home Search to Closing
The time it takes to move from searching for a home to holding the keys varies. Typically, buyers spend 2–3 months searching and 1–2 months closing. However, some searches take longer, and certain closing steps can extend the process. Here’s what you should know to plan your path to homeownership.
The Home Search
If you start your search with a clear idea of what you want, you can find suitable homes faster. Knowing your priorities helps you quickly identify properties that meet your needs.
However, low inventory can extend your search. In some areas, buyers wait months to find a home they like. Talking to a real estate agent can help you understand typical search times and potential delays.
Making reasonable offers can also speed up the process. Avoid over-negotiating, as it may delay acceptance or lead to budget issues if the home does not appraise for the offer price.
Getting to Closing
The closing process involves preparing legal documents, completing inspections, and addressing any agreed-upon repairs. For financed purchases, lenders typically close within 30 days. Paying cash can speed up closing but requires funds upfront.
If you plan multiple inspections or appraisals, allow extra time to complete them. Thorough preparation ensures a smoother transition from contract to moving day.
