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

HomeLight

Paying cash saves you money, and you might need a place to live sooner rather than later. But just how long does it take to close on a house with cash, compared to a traditional loan? The bulk of the time, however, is consumed by loan underwriting and processing. Submit earnest money: 1 day. Option periods.

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

HomeLight

Ramcharitar advises asking for proof of funds such as a bank statement to ensure the buyer has enough resources to cover the price of the home. 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.

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