Centers And Squares
Welcome to Centers and Squares
As a Cambridge real estate agent, the city squares of Cambridge, Somerville and Medford and the town centers of Arlington, Watertown and Belmont, Massachusetts are my home turf. And as a lifelong New Englander who’s lived within twenty miles of Boston most of my life, I can introduce you to other nearby towns as we search for your new home. If you’re planning to sell your home in Cambridge, MA or nearby you’ll find plenty of info about the home selling process here too. Questions? Send me an email or call me at 617-504-1737.
If you’ve never bought real estate before of if you’ve owned elsewhere but never bought real estate in Massachusetts you’ve probably wondered – how long does it take to buy a house in Massachusetts?
While I can’t predict how long it will take for you to find the house or condo of your dreams, once you do find the perfect place and make an offer there is a typical time-frame for your home purchase.
The home buying process varies state by state. Here in Massachusetts the typical home buying purchase takes six to eight weeks. That’s from the day your offer is accepted until the day you close and get your keys.
It may be possible to speed up the process or to extend the time-frame. Perhaps you need to move more quickly or maybe the seller won’t be ready to move for several months. Buyer and seller will agree to a date that works for both parties.
I once had a sale close in just 12 days. That’s fast. Nowadays closing so quickly would be a much bigger challenge – the mortgage industry isn’t making things easy so it is better to work in the 6 – 8 week time-frame if you’re getting a mortgage.
Closings can also be extended. More often than not this happens when the seller needs a particular closing date beyond the standard period and the buyer agrees. However, you’ll want to consider the ramifications for your financing. Your lender will only be able to lock your mortgage rate for a certain period of time. An extended closing may very well mean that you won’t be able to pin down your mortgage rate until you get closer to the closing.
In general, you can expect it to take six to eight weeks to buy a house in Massachusetts. So if you’re in the real estate market, plot the weeks on the calendar and make your plans.