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.
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