A Timeline For Your Home Purchase Transaction

Before you begin your home-buying journey, I wanted to quickly go over the typical timeline of a real estate purchase transaction. You’ll want to know certain milestones to give you some perspective on how long a transaction takes, when you’ll need deposits, inspections, etc.

Feel free to watch the full video or use these timestamps to browse specific topics at your leisure:

0:00 — Introducing today’s topic

1:02 — The first few steps of a home purchase transaction

2:05 — What happens right after your offer is accepted

2:55 — Important details in the purchase contract and second earnest money deposit

4:00 — Underwriting, appraisal, title, and loan approval timelines

4:58 — Why the commitment letter is such an important milestone

5:50 — When to finalize moving plans and insurance

7:00 — How to determine how much cash you’ll need to bring at closing

8:40 — Detailing the final walkthrough and closing processes

10:25 — Final thoughts

If you have questions about today’s topic or anything related to real estate, don’t hesitate to reach out via phone or email. I’d love to answer any questions you have, and I’d be happy to send over a copy of the document I used in this video.