We buy houses in Orlando Florida. We are your local Florida home buyers and we offer cash for houses in Florida. It takes around 50 days to buy a house from start to finish, but it often takes much longer than this average.
If you’re hoping to sell your house soon, it’s crucial to understand how long it takes to sell a house before you list it.
Selling a house is a process, and the process requires finding a buyer and then working through the closing process.
If your goal is to sell right away, you might want to find out, “how long does the home buying process take?”
Finding the answer to this question can help you prepare to sell your house and help you know how to proceed with the selling process. Here is a breakdown of how and why it takes time to buy a home.
Buying a Home Begins With Preparing for a Loan
The first thing a person must do to buy a house is get approved for a loan from a mortgage lender. Getting approved for a mortgage takes around 30 days on average, so the first month is often spent working with a lender.
The application process is time-consuming and thorough. A lender needs proof that a person is creditworthy and able to repay a loan. The lender must verify the person’s employment and income to determine this answer.
Lenders also go through a process of evaluating a person’s financial state to ensure that he or she has the means to repay a loan.
As a result, when you try to sell a house, you can expect buyers to experience delays while waiting for their lenders to approve their applications. This process takes time and work, and it prevents home closings from occurring quickly.
Buying a Home Requires Searching for the Right House
The next step of buying a house involves the search for the right home. Most people are not in a huge rush to find the right house. Therefore, they’ll spend weeks or months searching for a home to buy.
If you are selling a house, you might have all kinds of people come to your home to view it. Will any of these individuals buy it? They might, or they might buy other homes.
How do you market your home in a way that attracts people to it? There are several things you can do, including staging your house. Staging involves making the needed changes to improve the looks of the property.
Staging is costly and time-consuming, and it still doesn’t guarantee a sale.
Another thing you can do to encourage someone to buy your home is to perform remodeling projects. If you have an outdated kitchen, updating it to a brand-new kitchen will likely help you sell faster.
The downside is that it still takes time to sell a house. People will not make offers on homes until they feel confident they’ve found the right properties.
The Home-Buying Process Involves Negotiations
When a person finds the right home to buy, they may begin working on the negotiations process. Negotiating is the process that helps the buyer and seller reach a mutual agreement on the sale of the property.
Negotiating can go quickly in some cases, but it can take weeks in other situations.
If you are selling a house, you’ll have to determine what you are willing to accept for the offer a person makes. You may have to go back and forth with the buyer to reach an agreement, and this might take some time.
The Process Requires Contingencies and Steps
One of the most time-consuming steps of buying a house is the contingencies and steps needed to close on the property.
The buyer must follow the lender’s requirements in terms of steps that must be completed. For example, the lender will need an appraisal of the home. The lender might also require a survey of the property and specific inspections.
The buyer might request additional inspections that the lender doesn’t require, such as a home inspection.
Each of these services may take a few days or weeks to perform, which adds time to the process.
If you are the seller of the home, you might also have work to do. If you agreed to make any improvements or repairs to the home, you’d have to complete these, and you’ll have to pay for them.
Selling a house often costs the homeowner a lot of money, which is the reason many homeowners turn to cash buyers. Selling to a cash buyer prevents all these steps and work. It allows you to save money and time, and you have a guaranteed buyer.
Closing Cannot Occur Until All the Steps Are Complete
Whether you are hoping to buy or sell a house, you should realize that the process is not instant. It takes a month or longer to close on the deal, and you cannot close until all the parties complete their steps.
If you want to buy a house, you should start working on your part soon. By doing this, you can speed up the process.
If you want to sell your house and want to speed up the sale, why not consider selling to a real estate investor?
Selling to a real estate investor makes the deal go quickly and eliminates lots of work and steps. A cash buyer doesn’t require an appraisal, survey, or inspections.
Instead, a cash buyer purchases a home as-is for a specific amount.
How Long Does the Home Buying Process Take? Learn More
Do you still wonder, “how long does the home buying process take?” If you feel like this process is longer than you hoped for, you might not want to sell your house through the traditional method.
You can choose an alternative way to sell your home, which involves selling it to a cash buyer.
We buy homes in the Florida area and can give you an offer for your house – no matter how it looks. If you would like an offer or more information, contact us today.
Sell My House in Florida
If you think you need to sell your house in Florida fast, then you may need us. We at Florida Cash Home Buyers are local homebuyers in Orlando FL, and we’re helping local homeowners have a quick and hassle-free sale. If your Orlando FL house qualifies, we can make you a quick and fair cash offer.