FAQ

Frequently Asked Questions

Why does it take so long to close on a home?

The average is around 42 days at the moment, which feels excruciating when you can't wait to move in.  But there are a lot of pieces moving behind the scenes when you're closing on a house. If you're financing your purchase -- which most people are -- the lender (that's me!) has to make sure you have paid back money you've borrowed in the past, that the house is actually worth what the lending institution is paying for it, that you truly are employed and earning enough money to pay back what you've borrowed, that there is a clear title, etc.

If you remember the great recession of 2008, it was caused in large part by mortgages that should never have been issued in the first place.  People were able to get loans they didn't really qualify for, and couldn't pay back, and it was a house of cards that all came crashing down, dragging the global economy with it. As an industry, we're trying to avoid that happening again.  So we're very thorough in checking your finances. And, unfortunately, that takes time.