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How Long Does It Take to Purchase a Home?

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A long-distance move is going to require a lot of different components to come together to see the best results. When you are able to get these together, your move will be smooth. One of the aspects that you need to consider when moving from NYC to Miami is where you will live. The home buying process is going to take some time, but knowing the length of time from getting the pre-approval letter to closing on the home is going to make a big difference.


The good news is that you are going to have control over some of the factors that determine how long it takes to buy a home. Your mortgage company is going to usually need between 30 to 45 days to close on the loan by the time the home goes under contract. If you are doing a special loan like FHA or USDA, you should expect it to take closer to 51 days instead. Some of the other time limits to expect when you want to purchase a home includes: 

  1. You will need one to seven days to get the pre-approval done based on your finances and how many banks you apply with.
  2. You will need between 1 to 14 days to choose a realtor. You may want to shop around a bit when you are moving long-distance so you can find someone who will really help you.
  3. You will need some time to find the home that you want. This can depend on the market and how many homes are on the market, what you are looking for in the home, and how long it takes the seller to accept your offer. This can sometimes be done in a few days, but can take months for the right one.
  4. You will need seven to fourteen days for the inspection and appraisal to get done. All homes will need both of these done to close on the loan.
  5. You will need a minimum of 30 days for closing on your home. Special loans like the FHA, VA, and USDA will need closer to 51 days, but conventional loans are usually between 30 to 45 days instead.


When you are moving from NYC to Miami, you have to make sure that everything is in order with your new home. This can make the move more successful, especially if you are able to close on the home and be right in the new location, rather than having to rent along the way. Take the time to organize your move so that you can take out the stress, even with a long-distance move.