How Long Home Sales Take to Close: Three Methods
Closing a home sale can be a lengthy process. Most people assume that closing on a home sale is quick and easy if you’re not using a realtor or traditional listing methods, but that’s not always the case. Here are three different ways to close a home sale and how long each one takes.
Traditional Method
A traditional method typically involves an agent listing the property on the open market. This can take anywhere from 30-90 days depending on location and the amount of time it takes for offers to come in. It also depends on how quickly negotiations can be completed after an offer has been submitted. Once all the necessary paperwork is signed, it usually takes another 30 days for the sale to be finalized.
Cash Home Sale
Cash home sales to cash home buying businesses can be completed in as little as seven days, however, the timeline is highly dependent on factors such as the speed and accuracy of document preparation, contract signing from all parties involved, and any title and escrow requirements. To ensure that your cash home sale transaction is timely and successful, it’s important to work with an experienced professional such as a realtor who understands the process and can help you evaluate the necessary steps for an expedited closing date. With their expertise and guidance, you’ll have peace of mind knowing your cash sale will close gracefully in no time.
For Sale By Owner (FSBO)
Selling your home without an agent is possible but there may be some additional steps involved depending on your state’s regulations. FSBO sales usually require more time than traditional home sales because you don’t have access to qualified buyers through an agent’s network or MLS listings. You will need to get creative to market your home effectively, so expect this method of selling to take at least 60-90 days or more before it closes successfully.
No matter which method you choose when selling your home, several factors may affect how long it takes for the transaction to close successfully. You must understand all of these factors so that you can make informed decisions throughout the process and ensure that everything runs smoothly until the closing day arrives! With careful planning and patience, you should have no problem closing on your dream house promptly regardless of which method you use!
Want to close on your home sale as quickly as possible? Get in touch at Buy BHM to get the process started today!
