how longs does it take to make and offer and close the deal ?

Hi Karlly, timing depends on a few things.
1. Negotiation
2. Option Period
3. Lender
4. Closing
Please contact me for further detail if you would like

johntherealtor@hotmail.com l 832-876-8678

Hi Karlly,
Since 02/29 has passed, I am hoping you had great results in your search for a home! In the event other Q & A searchers have a similar question- the best way to streamline a home purchase is to obtain pre-qualification with a bank. If you already have a relationship with a bank and they have favorable rates for the type of loan you are seeking, it is best to start there. If not, many online websites compile and compare rates. Many local or smaller banks will not be listed online, and you will need to contact each one for their current rates. If there are any surprises on your credit history, you will have time to resolve any issues. When you find the home you like, a letter of pre-qualification or pre-approval from the bank will strengthen your offer. Negotiations can take anywhere from a few hours to several weeks, but in my experience, the average is 2-4 days. From that point, you can expect to close (and move in) in around 30-45 days, depending on the lender, the seller, and the property.
Good luck!

It generally takes about 30-45 days to close on a home after you have found the property you would like to purchase, made an offer & had it accepted. Including the time it takes to search for a property I would suggest to begin looking about 3 months in advance to the move in date. This allows plenty of time to search of the property, allow for negotiations/inspections and for any slow downs caused by the mortgage. Your actual move in date will be the day of or the day after closing. Possession of the home by the buyer generally happens upon closing & funding (singing all documents and exchanging funds for payment) and thats when you will get the keys as well. Sometimes if you are closing later in the day you won't fund until the next day & move in would need to be scheduled to comply with the funding date.

Karly. Always plan ahead and when purchasing a home, the more time the better. Once you find that perfect home, expect 30-45 days to close if your getting a mortgage. A lot of things happen during this time frame including inspections, getting insurance, reviewing public records on the home, etc. I always suggest Buyers start looking a min 60 days before the date they need to "sign the dotted line". Also during this time frame, your getting your finances in order and have time to get all the required documents that might be stored away in your attic! Your time frame might be a bit tight for the end of February, but let us know and we will work hard to get you where you need to go!

To be safe, assume you need 45 for the average lender to close a loan. Some can do it faster, but it is better to have more time than you need than not enough.

Thank you for this great question! Current lending regulations have created the situation where consummating the financing could take anywhere from 31 to 45 days, sometimes longer and rarely sooner. So, depending on where you are in the lending process will have bearing on when you can close the transaction. The offer process, too, can be either quick or slow. If your offer on a home is competing with multiple offers, you may strike out a few times before being the offer a seller accepts. Let's say you do have all your documents turned into your lender and your file is in underwriting, and let's say your offer is accepted and the contract is executed; with everything in place and going well, there is a form called Buyer's Temporary Lease that provides for the buyer, under certain circumstances and under agreed upon terms, to be able to move into the home in advance of the closing date. In your case at the end of February. There are risks involved with the use of this form. You will need a Realtor very experienced with its use, and who is a trained negotiator. I happen to be a TREC Contracts Instructor (TREC Instructor Lic.#2494), and have earned my MCNE (master certified negotiation expert). I'd be happy to discuss your circumstances and the possibility of being able to successfully negotiate the use of this early move in form ( a Buyer's Temporary Lease) as part of your contract with a seller. Thank you for your consideration.

Karlly, Super question! Making an offer for my clients takes me anywhere from 15-30 minutes, just depending on the amount of paperwork that a specific property requires. For example, a property built in 1977 located in a neighborhood with a Home Owner's Association would require at least two extra forms than a home built in 2004 that did not have an HOA. So that's the quick part. Keep in mind just because you make an offer, doesn't mean you even have a chance. There is still stiff competition in some areas that brings about multiple offers, and you may go through a few offers before you "win" one. So that's something to think about in "offer timing" also. Now as everyone else has mentioned, the typical closing time frame is 30-45 days, but in the past two months I have seen 21 days to close and I have seen 51 so no guarantees there either. If you are saying that your lease is up in two months, I would suggest you find a REALTOR NOW. Generally, as a buyer, there is no cost involved for you to use a REALTOR in Texas and they can help guide you through the process and help you make your dream come true! You can use the "Find a Pro" tool here on HAR if you don't have someone in mind already. Or you can just call/text/email me today and we'll hit the ground running! I provide a quick, simple buyer consultation to give you an idea of the process and make it easy an understandable! 832-373-9755---cody@interohouston.com

While it does not take long to make an offer once you find a home, it does typically take 30-45 days to close. If you are looking to move in at the beginning of March, now would be the time to make an offer. If you need a mortgage, I would be happy to refer you to someone on my team...Good luck in your home search!

Hi Karily,

If you are financing the purchase of your new home it will take approximately 4-6 weeks to close on the home. It would be helpful if you have already contacted your lender and have submitted all your the documentation they require. If you are purchasing your home with cash it could take as little as a week to close on your home.

If you would like to discuss this further or need a list of lenders to contact please don't hesitate to contact me.

I hope this is helpful!
Dori Lacamu, ABR, CNE, GRI, SMP
Broker Associate
Keller Williams Metropolitan
5050 Westheimer, Suite 200
Houston, TX 77056
Direct: (281) 788-0495
DoriLacamu@kw.com