How Long Does It Take to Buy a House?
How Long Does It Take to Buy a Home From Start to Finish?
On average, it takes about four to five months to buy a house. That range includes the two to three months it takes to find the right house, and another one to two months to go from contract to closing. There are a ton of variables that go into buying a house that could make things go faster or slower—depending on your situation. Letʼs break down each home-buying step:
- Saving a Down Payment
Saving a down payment might take a few years but If you already have a down payment thatʼs at least 10–20% of your home price, youʼre ready for the next step!
- Finding a Real Estate Agent
Time: A few days
Invest that time into interviewing a handful of agents so you can weed out the amateurs and only hire the best fit for your situation.
- Searching for a Home
Time: 2–3 months
First, you need to make a list of your must-haves.
- Making an Offer and Negotiating a Contract
Time: A few days
Once youʼve found the house for you, make a formal offer through your real estate agent ASAP.
- Scheduling a Home Inspection
Time: A few days to schedule—but only a few hours to inspect, If all
goes well and the seller accepts your offer, you should schedule a
home inspection.
- Finalizing Your Mortgage
Time: 1–2 months
After you and the seller settle on a contract, your lender will start
finalizing your mortgage.
- Getting Home Insurance
Time: A few days
The next thing youʼll need to do is set up home insurance for your
new home.
- Closing on Your House (Congrats!)
Time: A few hours
The final step is closing day!
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