Keller Williams Realty - Loveland Colorado

From contacting an agent to closing on a house takes, generally, about two months. We’ll break it down for you.

The steps:
-Get an agent. This normally takes all of a few minutes, but is the single most important step.
-Communicate needs. Once you have someone working for you, do your best to be as transparent as you can so that they can work effectively and efficiently for you. This is an ongoing step that should run for the duration of your purchase.
-Look at the market for what you need. The agent will spend some time pulling up listings that suit your needs and schedule showings. Walking through houses can seem a task, but that is why a good agent is so important. They will show you what the market has to offer, given your needs in a property. This step should take a few days to a couple of weeks.
-Make an offer. This is one of the more exciting steps as you and your agent write out an official contract to buy real estate. Normally this will only take an hour to write things up and proof them.
-Counter offer. This doesn’t necessarily happen, but with people becoming more competitive it is becoming a bit more common. The seller’s agent works with their client to re-write the contract to their desires. From the original offer to receipt of the counter may be a couple of hours to a couple of days.
-Under contract! Once an offer or counter offer has been accepted, the property is what we call “under contract.”
-Financing. With the banks working more and more numbers over, getting the financial paperwork and letters together can take a while. Usually, this will take a couple of weeks.
-Appraisal and inspection. Appraisers and inspectors will take a few days each. The appraisal itself will only take an hour or two, but these have to be scheduled like a showing as well as inspections. Inspections are typically a bit longer; three or four hours.
-Closing! After all of the work that has gone into our deal, we are ready to close! Closings are simply a meeting between both agents, their clients, and normally a title or escrow officer to get together. Here, documents are signed, the checks are written, and the keys to the property are transferred.

Purchasing real estate can take three weeks with a quick sale to a couple of months with a normal sale.