the answer to your question on how soon can a person settle on a property is; it depends. If a person pays cash for a property and both seller and purchaser agree, settlement can happen very quickly, as soon as the title search is done and there are no issues with the title. In my experience, if a buyer applies for a conventional loan, settlement can occur within 30 days as long as there are no other issues. If a purchaser applies for a VA or FHA loan, in my experience, settlement usually occurs within 45-60 days.
If you would like to talk to a few very good loan officers regarding various loan options and when you can close, please contact me at: email@example.com A loan officer can give you a good idea of all the details involved in getting to settlement and the time frame for everything.
If you do not have a realtor and would like to see this property, I would be happy to show it to you.
Licensed in DC, MD, VA
W.C. & A.N. MIller (A Long & Foster Co.)
To answer your question directly, considering the property is fully available and ready for occupancy, your settlement date will determine when you can take possession. Jumbo financing typically takes 25-45 days to get through through underwriting, cash will provide you with immediate possession after any appraisal/inspection contingencies have been satisfied/removed. Please contact me directly at CB@TheAgentsWithResults.com for more specific information about the property. Thank you.