Q: How long does it take to purchase a property?
A: Because each case is different there is no set timeline for a real estate transaction, however an average timeline might go as follows:
2-4 business days to get the account set up once we’ve received the application.
7-15 business days for funds to be moved via “rollover distribution” (This can be initiated prior to opening the account and the funds can be mailed in with application.) If funds are moved via “transfer” the process may take longer depending on your current custodian.
Time to get the closing documents prepared depends on you and your broker(s).
We require all closing documents three full business days prior to closing. The documents will be received and reviewed in this time. If everything looks good, funds will be sent to the closing.
