How long does it take to buy a house?
The process of buying a house can take anywhere from 30 days to several years, depending on the buyer. For a motivated, realistic buyer, the process generally takes 60-90 days. In a buyer's market like we are in currently, there is a lot of inventory to choose from. That also means there is a lot to sift through and view. If you are able to identify some criteria, such as specific neighborhood(s), square footage required, "must have" features, generally there will be a small handful from which to chose. Once you find that dream home and make an offer, negotiations can take several days. If you request a home inspection, add around 10-15 days to get the inspection scheduled and repairs agreed upon. The appraisal process can easily take another 10-15 days after the home inspection items are agreed upon. Other loan preparation and title work is also taking place during this time period, so as you can see, it would be best to plan on a minimum of 60 days from when you first begin looking at properties, and if you have a very particular home in mind, it could take longer.

Posted By: Brian Sklute on Wednesday, July 21, 2010