There are some good answers here and some that don't address what you are looking to do. As previously stated, a "typical" escrow can be a couple weeks for cash and 30-45 for one involving financing. But, closing dates are negotiated between buyer and seller. Today's market conditions will make it difficult to schedule an extended escrow. Inventory levels are in the seller's market category. If a seller receives more than one offer they will take the one that will net them the most and can close quicker in most cases.
You should read your lease carefully and discuss you intentions with the landlord. There may be some flexibility, but you won't know unless you properly research and discuss it. If this is a house, the landlord might be willing to let you go early if a new tenant is found that can occupy sooner. It also sounds like you are planning on purchasing on your own, without representation. The key question I have is why? Do you feel you can get a better deal this way? I refer to the market conditions again and point out that many properties are getting multiple offers. In case you weren't aware of it, the seller pays all commissions in a transaction (unless specifically negotiated otherwise), yet you get the benefit of an agent working for you and not the seller. This includes locating and researching properties and handling documentation and the process for you. If you can get these benefits without it costing you anything, isn't it worth it? If you would like more information, please feel free to contact me. Either way, best of luck to you.
Adam Tarr PC
Your question shows a basic misunderstanding of the process and doesn't exhibit knowledge of the state sales contract. Have you retained an agent to represent you? If you haven't, I strongly urge you to get an agent. It costs nothing to the buyer (seller pays the commission) and will keep you out of a lot of trouble. An agent will also explain the contract in great detail, all of your rights and remedies under the contract, etc. If you need special language written into your contract, real estate agents are licensed to do so just like attorneys in Arizona.
I would be happy to assist you with buying a home as well as explaining the ins and outs of the purchase process and all of the contracts. I am one of the top producing agents int he valley and have been recognized by "The Phoenix Business Journal" for my accomplishments. I've sold over 300 homes in the last 4 years.
If you want another advice then contact me:
I've gathered that you want to represent yourself in this transaction and I wish you the best of luck, there are many landmines in the transaction and agents will tell you most of our work is during the transaction, when we are solving problems that seem to just appear out of no where. Changing title is more complex and requires more resources than just buying a car for example. The standard AAR purchase contract is 9 pages to start with and most average over 13 pages, Arizona law only requires that the contract for real estate be in writing, so you can see that there are quite a bit that needs to be addressed to protect your best interests. This is why you should seek out a qualified agent and everyone that responded to your question is a good start to finding the best agent for you. Once you present your offer, if you find that you need an agent, then you will be paying for that agent yourself, if prior to your offer, it's possible the seller will pay for your agents fees.
Regarding your lease- that is a question you would need to ask your landlord and what does your lease say?
If these are general questions and you do not have an agent yet, please feel free to contact me otherwise this is definitely something you should be discussing with your Realtor and together you can find a solution to this challenge.
Keller Williams Sonoran Living
Sounds like ur not working with a realtor, otherwise she/he would be advising u the same. I understand that u may want to do the entire transaction urself, but give me a call & i'll give u some tips. 602-481-0750
If not, then check on your contract to see how many days has been allocated for you to close. That will give you a quick timeline.
Finally, you can always ask for some extensions, maybe a couple of weeks, or if the competition is not too hot, you can ask the seller for a delayed close of a few months. Being up front is the best policy here.