Tuesday, February 23, 2021 / by Sandy Gabrielli
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“What is closing, and how long does it take?” Closing is when the loan and escrow process has been completed and you get the keys to your home. There is a multistep process for getting you through your escrow and closing, and it commonly involves the coordination of roughly 50 people.
How long that process takes depends on a lot of variables, but most closings range from 30 to 45 days. One of the most important variables is the type of financing you use. Cash buyers can close faster than those who purchase with a loan, and some types of loans can close faster than others. As a buyer, your timely responses to inquiries and documentation requests also play a big part in how fast things will be able to move forward. You want to be as communicative as possible to ensure your closing stays on track, but don’t worry—you won’t be going it alone.
As your agent, we’ll be guiding you through every step, working diligently in the background to coordinate, communicate, and execute so that your escrow goes smoothly. If you have any further questions on closings or any other real estate topic, please feel free to reach out to us here at the Gabrielli Homes Team via phone or email. We’d love to hear from you and find out how we can be of service.