It usually takes four weeks at the lower end to six months (or longer) to buy and close a home. But it can be faster if you make a strong bid right away in a fast-moving market or slower if you struggle to find the right place or continue to be outbid. How long does it take to buy a home? A lot depends on how much time you spend buying one. But once you have a contract, it takes an average of 50 days to close a home.
The definitive timeline ensures the smoothest transitions. Check to see if your state's insurance department publishes a comparison of homeowners insurance premiums. They may have done the shopping for you. Homebuyers who buy home loans can avoid leaving money on the table.
Virtual steps in buying a home can save time, but learn how to get the full picture. In most cases, you'll be able to complete home inspection work in two to five hours, so it won't greatly affect your average home buying time. Understanding the homebuying process can help you get a realistic idea of how long it takes to buy a home and get the keys to your new home. So to answer the question, “how long does it take to buy a home? On average, it will take 3 to 6 weeks to complete your home purchase, 4 to 6 weeks to finalize a loan agreement, and usually 3 to 6 weeks to close.