Attorney review, have it done right away, the sooner the better. Especially before the inspection period ends.
When an agent writes up the contract there will be a time frame for getting everything complete. Just be sure to do them within that time. Also after the inspection you will have to sign an addendum stating whether you accept or deny it. If denied your EMD should be returned.
You should get pre-approved first of all; that way you are not looking for more home than you can afford. Than call me for a list of homes with your specifications. I will email you a list of homes that yoy can see in detail on the internet; then drive by the ones you like and list the homes you want to see inside. The whole process usually takes from 30-45 days from after you receive an accepted offer. Please dont hesitate to contact me with any questions.
From the time a contract is signed I immediately send the contract to their lender and tell them they need to go in and finalize their application. I also let my buyers know it's time to select a closing attorney and offer them a few to choose from. Once an attorney is selected I send them a copy of the contract and put them into direct contact with the buyers loan officer.
Home, pest and any other inspections that either the buyer or I feel necessary are typically scheduled within the first 10 days. I instruct my buyer to contact their insurance company and confirm that there have been no claims against the property their buying that will adversely affect their insurance rate and if there have been claims to find out what they were. (Insurance companies share a national data base) Once the lender has received the contract I push them to order the appraisal immediately.
The goal is for mortgage loan approval within 30 days and all inspection related issues on the table and being negotiated within 10- 15 days and resolved within 20-30
Ordinarily the lawyer won't do much until they know the buyer has received a loan commitment as they don't want to run up a bill unnecessarily. Closing is typically 5-6 weeks from the date of contract.
Closing on time doesn't just happen, it takes a concerted effort that should be organized by the buyers agent/broker.
If you use fha, estimated time frame will 30-45 days.
If you go conventional, it may take upto 30 or sooner.
Inspections are allocated 5-10 business days