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

HomeLight

MAY 24, 2022

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. Everyone involved will need time to perform their due diligence. Submit earnest money: 1 day. Option periods. Why does it take this long?

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Purchase and sale agreement Closing Title search Title 99
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Find Cash Home Buyers in Houston for a Fast, Simple Sale

HomeLight

MARCH 16, 2023

The buyer does due diligence during the option period in Texas. The option period is the number of days the buyer has to thoroughly inspect the property and terminate the contract for any reason. Krueger says the due diligence period in Houston is typically 10 days for an agent-assisted sale.

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Sales Purchase and sale agreement Earnest money deposit Investor 62
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