How long does it usually take to close on a home for sale in Dayton?

I get questions like this all the time from both Dayton home buyers and Dayton home sellers.  As with anything... there is really no easy answer to this and Dayton Ohio Real Estate is no different.  Lets start with the basics of what happen when you buy  Dayton homes for sale. 

Steps in buying Dayton homes for sale

• Accepted purchase contract on the Dayton Ohio real estate.
  
• Home title search
  
• Inspections
• Post inspection negotiations
• Home appraisal
• Home buyer loan application and approval.
• Real Estate closing and loan funding.

This is a partial list... there can be literally hundreds of things that go on from the time it is a Dayton home for sale to a Dayton home that is SOLD... 

This example also assumes a home buyer is using mortgage financing and not paying cash.

Time to buy a Dayton homes for sale

Here is the basic answer to this question. 

1. It is typical for a purchase contract on a Dayton home for sale to state the closing will take place in 30 days.
   1. That is negotiable between the home buyer and the home seller.
   2. 30 is just the most common time frame for a Dayton real estate closing.
2. As a general rule if there is a mortgage loan involved the transaction will need a min. of 2 weeks to complete all the steps listed above and the untold number of issues that arise in a typical Dayton home sale.
3. It is not uncommon for closings to be negotiated for somewhere between 30-60 days on Dayton homes for sale.
   1. This could be for several reasons but is ultimately determined by the home buyer and home seller...
      1. Need for home seller to find a home of their choice.
      2. Need for the home buyer to sell their existing Dayton home for sale
      3. Home buyer has a lease that will expire at a later date.
      4. Home buyers or home sellers want to wait until a certain date due to job, school or other date specific event.
      5. Could be hundreds of reason these are just a few.

I hope this helps to understand the basic process of Dayton homes for sale to Dayton real estate sold...

We are here to answer any of your Dayton Ohio real estate questions or any surrounding areas.  Please contact us anytime.

As always, thanks for reading and please feel free to contact us with any questions at 937-353-4600 or Mark@MarkRyanGroup.com