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How Long Does It Take to Close On a House With Cash in 2022? Here’s Your Timeline

HomeLight

If you’re buying a house with a standard mortgage, closing takes about 49 days , according to the June 2021 ICE Mortgage Technology Origination Insight Report. The seller needs to verify that the cash buyer has the money to buy the house: 24 to 48 hours. Submit earnest money: 1 day. Title search: 3 days.

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Find Cash Home Buyers in Houston for a Fast, Simple Sale

HomeLight

Save money on closing costs and other fees: Although you’ll probably give a discount by selling to a cash buyer, you’ll save on various costs that cut into your profit with a traditional sale such as real estate agent commission averaging 6% in Houston. There’s not much difference other than a quicker timeline and an easier transaction.

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