How Long to Sell a House in Phoenix, the closing process can be lengthy. There can be legal issues that pop up, difficulties with negotiations, and delays caused by the lender. The process can last anywhere from a month to 45 days. The length of time the process takes is dependent on a number of factors, including who pays closing costs and what repairs are needed to be made to the property.
A buyer’s lender will need to approve a loan, which can delay the process. Additionally, there are various inspections that need to be done, and the lender will need to verify all financial details before the sale is finalized. It is important to choose a real estate agent that can guide you through the process and help keep things moving quickly.
How Long Does It Take to Sell a House in Phoenix? A Complete Breakdown
It is also a good idea to make sure you have all the necessary documents ready to go for your closing. This includes an Arizona Residential Seller Disclosure Advisory form, which outlines any issues with the property that may affect its value and the ability of a new owner to use it in a safe manner. You will also need to have your credit reports from the three major bureaus and a current mortgage statement.
If you want to avoid the long wait time associated with a traditional sale, consider selling your Phoenix home to an iBuyer like Offerpad or Opendoor. These companies will purchase your home directly from you and can often close in a matter of days. This can save you months of waiting, keeping your home show-ready, and additional mortgage payments.
