A typical time frame to close a home purchase with Conventional Financing is 30 days, from accepted contract to funds transferring accounts. FHA and Va Financing may take a few weeks longer, depending on the Lender. Cash purchases can close much quicker.
Hello Carolyn. It does depend on the type of loan. Typically a government loan (Rural Development, FHA,VA) will take at least 6 weeks. It's also very important that the Buyer provides all information to the Lender as soon as possible. A conventional loan, could be put together in 4-5 weeks, that if everything flows smoothly. If a person we to pay cash, it would take up to 2 weeks, depending on Title Company and terms
It’s not uncommon for multiple siblings to own a property, usually because they inherited a childhood home or vacation house when their parents passed away. Joint ownership has several benefits, especially if each sibling wants to keep the home in the family’s possession.
However, there are some additional financial and legal consideration