Real Estate Purchase Timeline

While every Real Estate transaction is different most follow a similar timeline. A typical real estate transaction takes about 30 days from start to finish.  Below is a general outline of a real estate purchase. If a buyer is financing, a pre approval letter and/or a preliminary loan paper work should be completed prior to writing an offer.

Day 1 Offer accepted and escrowed.

Day 1-10 Option/Inspection period begins

Day 11-21 Appraisal is ordered

Day 11-25 Title work in received

Survey ordered

Buyer obtains property Insurance

Day 26 Contact Utility Providers

Day 29 HUD statement is reviewed

Day 29 Buyers walkthrough

Day 30 Closing/funding