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Teel & Waters Real Estate Company Inc
Greg Watson, Teel & Waters Real Estate Company IncPhone: (256) 682-6605
Email: [email protected]

Preparing a homebuying process timeline

by Greg Watson 06/07/2023

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

Greg Watson

Hi, I'm Greg Watson your favorite Northwest Florida Realtor. I have been a teacher and coach for 19 years and have been at Crestview High School in Crestview, FL for 8 years teaching Geography and coaching boys basketball. In 2019, we were the Class 7A State Champions! I was born and raised in Huntsville, AL and went to college to play basketball at Lipscomb University in Nashville, TN. I moved to the Emerald Coast 8 years ago and I absolutely love it. This will be my home forever. I am excited about helping you find your next home here or selling your home for you. I am a hard worker and will do everything I can to help you with your needs. I am excited about this opportunity and I ask that you give me a chance. You won't regret it!