How long does it take to buy a house?
How long does it take to buy a house? The answer to that is it depends, but I'm going to give you the typical scenario. You start by getting pre-qualified with a mortgage loan officer, which can be as quick as a 24-hour turnaround time. They're going to give us what we call a pre-qualification letter. It's an Arizona specific form that local lenders specifically have. A lot of the big banks do as well. We can give you a referral to a lender if you need to. We start looking at homes. A lot of times you've already been window shopping online. Start with five, six homes. We go take a look at them physically in person. Say you fall in love with one of them right away. We write an offer that afternoon or that evening. We submit it to the seller. It's accepted within 24 hours or there's a day or two, say 24 to 48 hours worth of negotiations back and forth. Then we go into our escrow period. From the time that we go under contract to the time that we close on the house is typically 30 days. In some cases, the seller needs a little bit longer time to maybe pack and move out or find their next house, things of that nature. In the typical sense, it's 30 days from the time you get an offer accepted to the time you close on the loan. I get to hand you keys to your new house.