Question: How long does it take to close a home purchase?
Answer: It depends.
What kind of answer is that? The truth is a real estate closing depends on several issues. First, where are you buying the property? The answers I provide here refer only to Florida so it may vary somewhat depending on your location.
Another issue is the seller's schedule. Sometimes the seller is ready to move right away or has already moved. This is the best situation for a buyer. Sometimes, as in the case of a family move, it may be a case of waiting a couple of months for the kids to get out of school, etc.
If it is a cash purchase, the closing can move along about as quickly as you want it to depending on others' workload. Of course, an inspection is usually recommended as well as a survey which take some time. And then there is the closing paperwork and title search. Let's be optimistic and say ten days for it all....less if a survey or inspection is skipped. Again, not recommended by me - ever!
Finally, if the purchase is being financed by a mortgage, the time stretches out a bit further and can increase the uncertainty. This is exactly the reason why it is critical to have a professional mortgage lender who knows how to deliver.
I always recommend allowing up to 45 days when as mortgage is involved. A few years ago it was a thirty day closing (which may still be possible) but I find it best to be less optimistic. Maybe this goes to the old "under promise, over deliver" practice.
In a perfect world... real estate transactions do not exist in the
perfect so lets just say "on or before "XX" days if we are lucky!"