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. Option periods. During this time period, you could change your mind. But just how long does it take to close on a house with cash, compared to a traditional loan?

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Purchase and sale agreement Closing Title search Title 105

HomeLight

MARCH 13, 2023

The buyer does due diligence during the option period in Florida. The option period is negotiated between buyer and seller. Cash buyers may want three to 10 days, or even none at all, for due diligence, while this period is typically 15 days for an agent-assisted sale.

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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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