Timing is always a critical consideration for any real estate transaction, including how long it may take to close on the home once there’s an accepted agreement in place between the buyer and seller. Coldwell Banker Realtor Luis Rodriguez considers variables that will influence the timeframe:

“Closing on a home once you have a contract (an accepted agreement, under deposit) can take from four to eight weeks, but many factors can affect the closing: type of loan, lender requirements, availability of closing attorneys, completion of inspections and appraisals, and more. Cash purchases are the simplest and best for a quick closing. If the buyer requires a mortgage, more time will be needed for the buyer to satisfy the lender’s requests. An experienced Realtor is key to making sure that it all comes together in a timely manner and the process goes smoothly.”

Have a question for a local Realtor? Ask it here: welcomehome@theday.com

Luis Rodriguez

Coldwell Banker, Mystic brokerage

Office: (860) 536-9618

Mobile: (860) 428-6370

luis.rodriguez@cbmoves.com