Closing a house in Florida is the final step of the home-buying process. After you have signed all your paperwork, paid any applicable taxes or fees, and received confirmation that all the closing conditions have been met, it’s time for real estate title closings to occur. Knowing how long it takes to close a house is an important part of the home-buying process.
The period it takes to close a house
The amount of time it takes to close on a house can vary greatly depending on several factors, such as the type of loan, the speed of your closing agent, and any additional complications that may arise. The time period in Florida for real estate title closings is generally 30 days. However, a skilled legal professional can greatly reduce the length of time necessary to complete the closing process if the property has a clean title and no liens.
Factors leading to a delay in closing
There are a few potential factors that could delay the closing process. If the property title is unclear, for example, it may take longer for you to close on your home. Additionally, suppose any liens or judgments are attached to the house or issues with insurance arise. In that case, it will likely add time to the closing process as these matters must be resolved before the sale can be finalized.
Lastly, any additional paperwork that must be filled out or agreements that need to be ironed out can delay the title closing process. Staying on top of these details and communicating with your real estate professional throughout the process is important.
While every situation is unique, it is wise to seek the guidance of an experienced real estate attorney as early as possible. With a strong team by your side, the closing process is more likely to run smoothly and efficiently. In certain instances, the attorney might be able to help you close in less than a week. Do not hesitate to discuss your options with a lawyer as soon as possible.