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Closings | Preparing for a 2021 Home Purchase Blog

Tuesday, January 19, 2021   /   by Soraya Joud

What to Expect from the Closing Process

When you watch a show on HGTV where an eager young couple is looking for a home, it usually ends when the offer is accepted. In real life, however, that is only the beginning of the story. The closing or escrow process has its own rules and challenges. By being prepared for each step of the process, you’ll be able to stay calm, cool, and collected—even if the unexpected occurs.
Generally, the closing process takes anywhere from 30­–­60 days. In the case of a cash transaction, it may take less time to close, since much of the timeline is built around a loan approval. By contrast, in the case of a sale with a home sale or purchase contingency, the closing process can take quite a bit longer.
Most escrow periods will include the following steps, though there may be some variability based on market conditions and the type of mortgage for which you are applying.






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