article thumbnail

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

HomeLight

But just how long does it take to close on a house with cash, compared to a traditional loan? 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 bulk of the time, however, is consumed by loan underwriting and processing.

article thumbnail

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

HomeLight

Joseph has encountered active military who recently purchased homes with a VA loan, but got orders to ship out only to find that their home hadn’t appreciated much in a short time. So you won’t be holding your breath until the buyer’s loan approval comes through or be on the hook for needed repairs discovered during the home inspection.

Sales 77
article thumbnail

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

HomeLight

So you won’t be holding your breath until the buyer’s loan approval comes through or be on the hook for needed repairs discovered during the home inspection. The buyer does due diligence during the option period in Texas. Krueger says the due diligence period in Houston is typically 10 days for an agent-assisted sale.

Sales 63