The closing process: How It Works
Closing on a home purchase or refinance can be a confusing process. Most closings take about 30 days. And although we are here to answer any questions you may have, we have created a sample timeline to help you better understand what to expect during this process.
Escrow Deposit Due
Most contracts require the buyer to make the escrow deposit within within 3 days. Check your contract terms to make sure you don’t miss the deadline and void your contract.
Title Search Complete
We will receive the title search within 2-5 days and notify all parties of any issues requiring attention prior to closing.
If there is an association requiring approval, you should apply to the HOA for approval by this point. If you are obtaining a loan, you should have submitted a loan application by this point. Refer to your contract terms for specifics.
Municipal Lien Search Complete
We should receive the municipal lien search within 5-10 days and will notify the parties of any outstanding permits or code violations.