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Best Answer: You will usually take as few as 15 days to as many as 45 days to close from the day you sign the agreement. So ideally you would make offers you expect to be accepted at 45 days from the move in date.
A reader asks: Can we still get a loan to buy a home after giving the bank a deed-in-lieu of foreclosure? I'm confused on the wait time. I would like to take advantage of today's market, but my bank said that I have to wait 3 years. And I have talked to different mortgage brokers, and one says this and one says that. Can you help us out? How soon can we buy a home again after a foreclosure? Answer: Excellent timing on that question regarding the waiting period to buy a home after losing your existing home. Your timing is good because the waiting periods for conventional loans-- the seasoning between the time the foreclosure was completed and when a buyer purchases another home -- has changed.