When you find your perfect home, how long should it take to close on the purchase? If you’re like most people, you’ll want to get in and out as quickly as possible. Unfortunately, this is not always possible.
How quickly can you close on a house? The good news is that a few things can help reduce how long to close on a house. This article will give you a rundown on how to speed up that process.
Work With a Realtor You Trust
You want to work with a realtor that you trust. That person should advise how quickly you can close on a house and how long the process will take. This means having someone who is experienced in the industry working for you, not just somebody trying to make money off your transaction.
Don’t waste time finding an “okay” realtor — get somebody amazing from day one if possible.
If this isn’t possible, make sure they are willing to discuss things honestly instead of using scare tactics or other gimmicks. A good example would be saying how much longer it takes during peak season vs. slower seasons.
A realtor who is open to this type of discussion will be more likely to help you in selling home quickly.
You can close on a house quickly when you are prepared. This means having all of your documents in order and sending them at the appropriate time.
For example, if you need an inspection done, make sure it’s scheduled. You don’t want to wait until the last minute because this could affect how you’ll be able to sell your house fast.
Having everything else needed for financing also helps speed things up. Thus, making sure there isn’t anything holding you up.
Be patient with how quickly you can close on a house, but don’t rush yourself either.
If there is any doubt about how long it will take to sell your house or how quickly you can close on a house, ask the realtor for their best estimate and how they arrived at that number. They should explain everything in detail so that you have all the information necessary to move forward with confidence.
Get Pre-Approved for a Loan
Getting pre-approved for a loan is one of the best ways to speed up how quickly you can close on a house.
When there isn’t any doubt about your ability to get financing, sellers pick up on this and are more likely to give quick offers. It’s also much easier for negotiations because they know exactly what kind of offer to expect from you.
Getting pre-approved for a loan is an essential part of the home selling (and buying) process. It can’t be stressed enough how important this step is to ensure you don’t waste time and get things moving as quickly as possible.
Keep It Clean
You won’t have to worry about how quickly you can close on a house if your home is in tip-top shape.
This means making sure that no problems are hiding behind the surface that could cause issues later. You don’t want something unexpected coming up when trying to sell your house fast. So be wary of any possible issues and get them fixed immediately.
A little elbow grease goes a long way toward getting top dollar for your home. This includes having all appliances working properly, not showing signs of damage, etc.
The more time and effort you put into getting your house ready to sell, the better. Since this is an important part of quickly selling a home, take as much time as needed to get it right.
Prepare for Showings
Don’t forget that the home selling (and buying) process also includes showings.
You need to be prepared for this and ensure your house is ready to go at any time by having it clean, clutter-free, etc. You never know when a potential buyer will want to see it, so you should always be ready.
To prepare for showings:
- Clean up as much as possible
- Have all pets removed
- Prepare any necessary documents
- Put away valuables
- Keep things quiet
These are just a few tips to keep in mind when figuring out how quickly you can sell your house.
Ask for Referrals
Don’t be afraid to ask your realtor if they can recommend other reputable professionals who can help you, such as lenders or inspectors.
They might not want to give referrals since it could cut into their business, but this is something that should never hold anyone back. If anything, having access to more options will make things faster and easier.
Build a Good Credit History
If you’ve never bought a home before, it’s important to build up your credit history.
Many people can’t get financing because they don’t have the right financial background, slowing down the process further. So if you need help with how quickly you can sell your house fast, building good credit will be an immense benefit for getting everything done as soon as possible.
You can build a good credit history by:
- Making all monthly payments on time
- Doing your best to avoid debt
- Paying down any loans
Avoid defaulting on a loan or falling behind on the repayment schedule because this will make it more difficult for you to get financing in the future. You want lenders to know that they can count on you paying them back promptly.
Get an Inspection Done
Don’t skip this step.
An inspection is an important part of the home selling (and buying) process because it gives you a better idea of your house’s value.
You can get buyers to offer more money for your property if they know there are fewer problems. Plus, having all major repairs done ahead of time makes everything go much faster and easier overall.
Getting an inspection beforehand will also give you peace of mind knowing nothing was missed or undervalued during negotiations.
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How Quickly Can You Close On a House?
How quickly you can close on a house depends on the steps taken during the home selling (and buying) process.
A little preparation goes a long way toward ensuring it all happens as quickly and smoothly as possible. The more time you take to make sure your house is in tip-top shape, get financing lined up, etc., the faster you’ll be able to sell it and buy another one. So don’t skimp out when trying to figure out how fast this process will go for you.
How quickly can you close on a house? We hope you found this article helpful. For more interesting tips and information, check out our blog today.