Buyers Timeline

It is important to know how long the sales process takes once you have found your apartment either prior to looking or while looking. Once you decide the apartment is for you and submit and offer it can take anywhere from 45-90 days to close on the apartment.

Buyers Timeline
  • Prepare the Offer: 1 day

  • Negotiate the Offer & Acceptance: 2-5 days

  • Contract Review / Due Diligence, Loan Application & Appraisal, Loan Approval and Commitment Letter, Sign Contract/Escrow Deposit: 2-4 weeks

  • Condo Application / Co-op Board Package & Interview: 4-6 weeks

  • Bank & Attorney Prep Closing: 1-2 weeks

  • Final Walk Through: Day of Closing

  • Transaction Closing: 3 hour

#Buying #Sales

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