How fast can you move into a house after you buy it? If you’ve just bought a home or are thinking about buying one soon, this is probably one of your top questions. You’re likely eager to move in, start decorating, and make the home your own.
In this post, Nancy Kowalik and our experts at Your Home Sold Guaranteed Realty - Nancy Kowalik Group will discuss everything you need to know about how soon you can move into a home after buying it.
Key Takeaways:
- After your offer is accepted by the seller, the transaction will move into the closing process, which can take 30 to 60 days to complete.
- The time it takes to complete the closing process depends on your lender and financing situation. For example, if you had pre-approval it will likely be faster. Or, if you’re paying with cash and skipping a lender entirely, it can also speed up the process.
- You can move in immediately through an early occupancy agreement. An early occupancy agreement is a contractual arrangement between you and the seller.
How Fast Can You Move into a House After You Buy It?
After your offer is accepted by the seller, this doesn’t mean you’ll be able to move into the home right away. Instead, the transaction will move into the closing process, which can take an additional 30 to 60 days to complete.
As a result, how soon you can move into your new house after buying it depends on how fast you can get through the closing process.
This process involves several steps to finalize the deal and officially gain ownership of the home:
- Completing the underwriting process
- Getting final loan approval
- Finishing a home appraisal
- Finishing a home inspection
- Conducting a title search
- Purchasing title insurance
- Hiring and coordinating a moving company
- Completing contingencies, if applicable
The time it takes to complete these steps depends on your lender and financing situation. For example, if you had pre-approval it will likely be faster. Or, if you’re paying with cash and skipping a lender entirely, it can also speed up the process.
When everything is completed, you and the seller will meet one last time to sign the remaining paperwork, transfer the funds, and perform a final walkthrough of the property.
At this point, you’ll receive the keys to your new home and be able to officially move in.
Is There a Way to Move In Immediately?
Yes, you can move in immediately through an early occupancy agreement. An early occupancy agreement, also known as a pre-possession agreement, is a contractual arrangement between you and the seller that allows you to take possession and move into the property before the official closing date.
The terms of an early occupancy agreement outline the responsibilities of both parties, including the duration of occupancy, rental fees, maintenance responsibilities, and potential liabilities.
Early occupancy agreements offer flexibility and convenience, but they come with potential risks and legal considerations.
If you know you want to move into the home immediately, let your realtor know and communicate with the seller as soon as you can. It may be a good idea to involve a real estate attorney for legal guidance.
Buying a Home in NJ is Easy with Nancy Kowalik
Navigating the closing process and moving into your new home as fast as you can is possible when you have an experienced realtor at your side. At Your Home Sold Guaranteed Realty - Nancy Kowalik Group, Nancy Kowalik and our real estate team have years of experience helping people buy a house in Mullica Hill and the broader South Jersey area.
We commit to delivering high-quality customer service and provide several unique buyer guarantees like our Buy it Back Guarantee.
Give us a call at (856) 478-6562 to learn more about working with us or get started finding Mullica Hill homes for sale or other South Jersey real estate opportunities. You can also use the form below. Don’t have to wait to make your real estate dreams come true!
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