Home Buying in 54701>Question Details

Rachael Koger, Home Buyer in Altoona, WI

How long does it typically take between an offer and moving day?

Asked by Rachael Koger, Altoona, WI Mon Dec 30, 2013

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The amount of time really depends on your lender. If you are pre-approved (which I strongly recommend) the closing time can range form 30-90 days.
1 vote Thank Flag Link Tue Dec 31, 2013
Thanks I also plan to be preapproved
Flag Tue Dec 31, 2013
Rachael,

In the Eau Claire area it usually takes 30 days for a normal loan home purchase. If you are doing a Shortsale it can take much longer. Let me know if you need anything.
1 vote Thank Flag Link Tue Dec 31, 2013
An average is about 45 days.
1 vote Thank Flag Link Mon Dec 30, 2013
Generally it takes between 30-60 days depending on many factors including financing and other contingencies that need to be satisfied. For many cases, it is usually right around the 45 day mark from when an offer is accepted.
1 vote Thank Flag Link Mon Dec 30, 2013
Typically between 30-45 days; this is mostly dependent on your mortgage lender to have the time they need to get everything in order (inspections completed, appraisal back, underwriting requirements met, etc.)
1 vote Thank Flag Link Mon Dec 30, 2013
Unless otherwise stated, the date of occupancy aka "Moving Day"...is immediately upon closing. That is a negotiable term which would be best discussed between your Lender and your Agent. The underwriting of loans vary greatly depending on what type they are...FHA, VA, Conventional, WHEDA...and can take anywhere from days to months. The advice given here is very solid. Meet with your Lender, discuss the best loan program, get your preapproval letter, meet with your agent, discuss your timeline, find a home and choose your closing date accordingly. Once your offer is accepted, stay diligent as to what the Lender needs for the underwriting of the loan. Any delay in receipt of documents could potentially delay your closing or potentially ruin the deal.
0 votes Thank Flag Link Tue Jan 14, 2014
It depends on whether it is a traditional sale involving agents, buyer, seller (homeowner), it can be as short as 30-60 days if you need a loan. If it is a short sale, it can take months say anywhere from 2months - year! There are too many factors that determine the amount of time that a transaction may take from start to finish hope this helps you.

Also, if you are looking for an agent in WI I can definitely help you. For real estate worldwide, whether you need a home in Wisconsin, New York, Florida, Chicago, Canada - anywhere in the world for that matter - there is no better place to begin and end your search than Century 21 Real Estate.

You can reach me at:

world@century21.com
0 votes Thank Flag Link Mon Jan 13, 2014
"Typical" processes take 30-45 days but that varies a lot with type of loan, lender, agent and your requested closing date placed on the offer to purchase. Other variables are sellers ability to move out, inspection results, your current lease(if you have one), tenants rights, etc. Remember, once your offer is accepted, you will be going thru an orderly & scheduled set of events that have the ability to fail your purchase or delay it. You will not be assured of reaching closing until very near your projected closing date(like a few days).
0 votes Thank Flag Link Sat Jan 11, 2014
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