{"id":4292,"date":"2023-04-19T11:05:19","date_gmt":"2023-04-19T16:05:19","guid":{"rendered":"https:\/\/maribelcalzado.com\/?p=4292"},"modified":"2024-07-14T15:33:39","modified_gmt":"2024-07-14T20:33:39","slug":"closing-on-a-house-how-long-does-it-take","status":"publish","type":"post","link":"https:\/\/maribelcalzado.com\/?p=4292","title":{"rendered":"CLOSING ON A HOUSE IN TEXAS \u2013 HOW LONG DOES IT TAKE?"},"content":{"rendered":"\n
Buying a house <\/a>is exciting, but it can feel like it takes forever to close on a house.<\/h6>\n\n\n\n

On average, it takes 30 \u2013 45 days to get to the closing table in Dallas and surrounding areas, and that\u2019s in a perfect situation. Sometimes you may close on a house faster or slower, but keep 30 \u2013 45 days in mind when signing a sales contract.<\/p>\n\n\n\n

The Process to Close on a House<\/strong><\/p>\n\n\n\n

The house closing process is complex. Not only must you find the house you want to buy, but you must sort out your financing. Here\u2019s a quick rundown of the typical timeline.<\/p>\n\n\n\n

Get Pre-Approved<\/strong><\/p>\n\n\n\n

Start the process by getting pre-approved with a lender. This tells you how much you can afford, on what terms and the conditions you must satisfy.  <\/p>\n\n\n\n

A pre-approval letter also gets your foot in more doors with sellers. Most sellers only want to work with pre-approved buyers.<\/p>\n\n\n\n

Find a Home<\/a><\/strong><\/p>\n\n\n\n

Once pre-approved, you can look at homes. Pre-approvals usually last 30 \u2013 60 days, so it works best if you can find a home within that time.<\/p>\n\n\n\n

You\u2019ll sign a sales contract when you find a home and negotiate the price and terms. The sales contract starts the clock, which is why getting pre-approved is essential. After that, you\u2019ll have a majority of your personal underwriting completed.<\/p>\n\n\n\n

Submit your Contract and Order the Title and Appraisal<\/strong><\/p>\n\n\n\n

After signing a contract, you\u2019ll submit your sales contract to the underwriter, and they\u2019ll order a title search and appraisal on the property.<\/p>\n\n\n\n

In the meantime, you\u2019ll provide any missing documentation or updates the lender needs to finish underwriting your qualifying factors.<\/p>\n\n\n\n

Get the Clear to Close<\/strong><\/p>\n\n\n\n

Your goal in underwriting is to get the clear to close. This happens after the appraisal, title search, and your qualifying factors pass the underwriter\u2019s requirements. Then, with the clear to close, you\u2019re ready to head to the closing table.<\/p>\n\n\n\n

Receive your Closing Disclosure<\/strong><\/p>\n\n\n\n

Lenders must send you the Closing Disclosure before the closing. By law, they must send it at least three business days before you close. This allows you time to review your loan terms, costs, and interest rate to ensure everything looks how the lender initially promised.<\/p>\n\n\n\n

If everything looks good, you get your cashier\u2019s check or bank wire to close the loan and get ready to become a homeowner.<\/p>\n\n\n\n

Closing the Loan<\/strong><\/p>\n\n\n\n

The last step is to close the loan. You\u2019ll sign documents and disclosures, exchange funds, and receive the keys to your new home.<\/p>\n\n\n\n

Final Thoughts<\/strong><\/p>\n\n\n\n

Typically it takes 30 to 45 days to close on a house, but there can be delays. The key to avoiding them is to get pre-approved for your loan and satisfy any conditions the underwriter needs. Once you find a house in the DFW area, the only conditions you\u2019ll have to focus on are those about the house, many of which are outside your control.<\/p>\n\n\n\n

<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Buying a house is exciting, but it can feel like it takes forever to close on a house. On average, it takes 30 \u2013 45 days to get to the closing table in Dallas and surrounding areas, and that\u2019s in a perfect situation. Sometimes you may close on a house faster or slower, but keep […]<\/p>\n","protected":false},"author":1,"featured_media":4219,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[18],"tags":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/maribelcalzado.com\/index.php?rest_route=\/wp\/v2\/posts\/4292"}],"collection":[{"href":"https:\/\/maribelcalzado.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/maribelcalzado.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/maribelcalzado.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/maribelcalzado.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4292"}],"version-history":[{"count":6,"href":"https:\/\/maribelcalzado.com\/index.php?rest_route=\/wp\/v2\/posts\/4292\/revisions"}],"predecessor-version":[{"id":4992,"href":"https:\/\/maribelcalzado.com\/index.php?rest_route=\/wp\/v2\/posts\/4292\/revisions\/4992"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/maribelcalzado.com\/index.php?rest_route=\/wp\/v2\/media\/4219"}],"wp:attachment":[{"href":"https:\/\/maribelcalzado.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4292"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/maribelcalzado.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4292"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/maribelcalzado.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4292"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}