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When Does Closing Usually Occur?

On Behalf of | June 15, 2025 | Residential Real Estate

So you’ve found the home of your dreams and made an offer. You’re excited to get the keys and move in, but that will not happen until closing day. And you will not be able to close on a house until numerous tasks have been completed.

Buying a home does not happen overnight. It can take a month or longer. In fact, most closings take 30 to 60 days. This can seem like forever, but there is a lot that needs to be done. Here is a look at the process as well as what can affect the timeline.

What is Involved in the Process?

Closing cannot happen until all the required tasks have been completed. Closing happens in stages. The first is filling out the loan application, which may take a day or so. Next is the disclosure stage, which takes about a week. This is done by the mortgage lender, who will provide you with the loan’s terms, estimated monthly payments, fees, and other closing costs.

Next is the documentation, which may take several days. The lender will want documentation of your assets and income, so be prepared with pay stubs, titles, and other proof of income and assets.

Next, the lender will order an appraisal of the home to determine its value. This can take as long as two weeks. After this is the underwriting stage. The lender will confirm various factors of your finances such as income, assets, savings, debt, and credit history.

Next is the conditional approval, which can take a week or two. During this time, your lender may ask for additional documents. Once you have final clearance to close, there is a mandatory three-day waiting period. After that time, your closing day will be scheduled.

What Can Affect the Closing Timeline?

While most homes close in 30 to 60 days, sometimes the process can take longer if something unexpected happens. But sometimes it can even be quicker. Here are some things that can delay or shorten the closing on a residential property:

  • Mortgage pre-approval. Buyers who are pre-approved for a mortgage can often close more quickly.
  • Home inspection and appraisal. These processes can add time to the closing timeline, which is why some buyers waive them.
  • Loan processing issues. Errors or omissions in the loan application can cause delays.
  • Title search and insurance. Ensuring a clear title to the property takes time.
  • Unexpected issues. If issues arise during inspections, appraisals, or title searches, the closing date may need to be adjusted.

Contact Us Today

Closing on a home is an exciting time. However, there is a lot that needs to be done before closing, so it is important to make sure all tasks have been completed.

The South Carolina real estate attorneys at Blackacre Law, LLC, will help make sure your closing goes smoothly. We look at all the details to make sure there are no last-minute issues that can cause delays. To schedule a consultation, contact us via (864) 775-5400 or online here.