How Long Does It Take to Close on a Home?

When you’re ready to make a house your home on Florida's Space Coast, understanding the timeline to close can help you plan better and manage expectations. The journey from signing the purchase agreement to receiving your keys is thrilling, yet the time it takes can vary significantly based on numerous factors. While the average closing time is about 30 days here in Brevard County, each transaction is unique. Here’s what can influence your closing timeline:

Mortgage Financing: Securing a mortgage is often the most time-sensitive part of buying a home. The efficiency of your lender, the complexity of your loan, and timely gathering of necessary documents and appraisals play crucial roles. Delays can occur, but with our experienced guidance, we’ll help streamline this process.

Home Inspection and Appraisal: The scheduling and completion of home inspections and appraisals are vital steps. Any issues identified may lead to further inspections, negotiations or repairs, potentially extending the timeline. At Veltri Group, we’re adept at navigating these steps efficiently, ensuring any challenges are addressed promptly.

Title Search and Insurance: The title company (usually chosen by the seller) conducts a thorough title search to confirm there are no existing liens or claims that could complicate your purchase. This process, along with securing title insurance, can take several weeks but is essential for protecting your investment. We communicate with the title company from offer to close to ensure a smooth and on-time process. 

Contingencies and Negotiations: Purchase agreements often contain contingencies—like those for selling your current home or completing essential repairs. These clauses can impact the timeline. Our team excels in handling negotiations swiftly, ensuring a smoother path to closing.

Local and Seasonal Factors: Seasonal fluctuations including hurricane season and holidays can also play a role. Leveraging our local expertise and robust network, we help anticipate and mitigate delays.

At the Veltri Group of Brevard - siblings Lew and Tina Veltri, we pride ourselves on guiding you through each step of the closing process. We understand that time is of the essence, and our proactive approach ensures that your home buying experience is as smooth and speedy as possible. Connect with us today to discuss your real estate needs and let us help you chart the quickest path to your new home.