After an offer is accepted, most purchases take thirty to sixty days to close. The key milestones are earnest money, inspection, appraisal, loan approval, title work and a final walk-through. Your agent keeps a checklist so nothing slips.
Days 1 to 7: the contract is signed
Deliver your earnest money, order the home inspection and confirm your insurance quote. Share the contract with your lender and title company so they can begin.
Week 1 to 2: inspections and negotiation
Attend the inspection if you can. After you receive the report, your agent will help you decide whether to request repairs, credits or a price adjustment. Learn what to expect in our older home inspection guide.
Weeks 2 to 4: appraisal and underwriting
The lender orders an appraisal and reviews your documents. Respond to requests quickly and avoid changes to your finances. If the appraisal comes in low, you can renegotiate, bring more cash or dispute the figure.
Weeks 3 to 5: title and closing costs
The title company searches records, issues insurance and prepares your closing disclosure. Review it carefully three days before closing and ask about every fee. See transfer taxes explained for typical charges.
Closing day
Do a final walk-through within twenty-four hours of closing. Bring a government ID and your certified funds or wire confirmation, verified by phone with the title company. Then sign, and collect your keys.
Frequently asked questions
What is earnest money?
A deposit that shows good faith. It is credited to you at closing and may be at risk if you default outside your contingencies.
Can closing happen faster?
Cash purchases can close in as little as two weeks. Financed purchases typically need more time.
Sources
- Your local assessor, recorder or municipal office (confirm current rules)
- A licensed attorney, tax professional or lender for your situation
- The local MLS and your Northfield Realty agent for current market conditions
Talk with a Northfield agent
Whether you are buying, selling or just exploring, we are happy to answer questions. No pressure, just good advice.
This article is general information, not legal, tax or financial advice. Programs, rates and regulations change; please confirm details with a licensed professional. Northfield Realty is committed to the Fair Housing Act and equal opportunity in housing. Back to all articles.