Compass SF

The homebuying process timeline: What to expect

by Eric Janson 11/20/2022

If you're buying a house, you'll want to prepare as much as possible for your homebuying process timeline. While each sale is different, there are certain aspects of the process that can take time - long after the house hunting is finished.

How long does it take to buy a house?

The homebuying process takes a couple of months to a year, depending upon how much preparation you need to complete first. Generally, most people close their houses within 2-3 months.

Hire a real estate agent

A qualified real estate agent or broker who knows the neighborhood can provide insight into local housing conditions and pricing strategies. If you're not sure where to start in finding an agent, try asking loved ones and colleagues for recommendations.

It is important to have an agent who will act for your interests alone. Finding your dream home can be tough, but real estate agents have the knowledge and resources to make the process quicker and easier.

Loan processing & underwriting

The mortgage process can take up a significant amount of time in your home buying timeline. Typically, the lender's loan processing department examines your mortgage application for approval and makes sure it contains the information required.

Eventually, applications will get verified by the underwriter. Underwriting agencies will check for any inconsistent credit information and property information.

During & after the actual process

The final stage in buying a house is known as the closing process. On the closing date, your real estate agent will help you gather all the paperwork necessary, including the closing disclosure, purchase agreement and tax information. You'll also need to pay your final closing costs at this time.

While the events of closing day can vary in terms of timeline, the more you prepare, the quicker it will go. The sooner you close, the sooner you can move into your new home and start enjoying life as a homeowner.

About the Author
Author

Eric Janson

Known as the #TallestManInRealEstate, in 2019 I teamed up with the Bellings Brothers (also Bay Area natives) and we quickly became the #1 buyers team in 2019 and 2020 by helping our clients purchase over 100 houses and condos in San Francisco. This wouldn’t be possible without our operations manager Teryssa Pineda and our Transaction Coordinator, which allows us to give the personal care and attention our clients need in this extremely competitive market. 

With my 10 plus years of experience in the mortgage and real estate industry, I look forward to serving you and your personal real estate interests.