"Cash purchases are the fastest route, often closing in 7 to 21 days because you skip lender-mandated steps like formal underwriting and sometimes the appraisal."
"Conventional loans usually follow the standard 30- to 45-day window, while government-backed loans often take longer due to stricter property inspection requirements and additional government approval steps."
"Once your offer is signed, you enter escrow, which involves several critical stages including earnest money deposit, home inspection, appraisal, and underwriting."
"Common reasons for delays include financing issues such as changes in credit score, new large purchases, or job changes during escrow that can cause your loan to be denied or re-evaluated."
Closing on a Boston condo generally takes 30 to 45 days after an offer is accepted, depending on the loan type and inspection timelines. Cash purchases can close in 7 to 21 days, while conventional loans follow the standard 30 to 45 days. Government-backed loans may take longer, often 45 to 60+ days. Key milestones include earnest money deposit, home inspection, appraisal, underwriting, and a final three-day waiting period before closing. Delays can occur due to financing issues or low appraisals requiring renegotiation.
Read at Boston Condos For Sale Ford Realty
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