How Long Does It Take to Go from Accepted Offer to Sold?

Buyer Questions Seller Questions
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Step 1: The Conditional Period (The First Milestone)

An accepted offer doesn’t mean the deal is done yet! Most offers include conditions that must be met before the sale becomes firm. Think of it as a “yes, but first…” stage.

Key Conditions & Their Timelines

1. Financing Condition (Typically 14 Days)

Most buyers require mortgage approval, which takes about two weeks. This includes:
✔ Bank approval for the mortgage
✔ Property appraisal (if required)
💡 Pro Tip: If you’re making a cash offer, you can close in as little as 24 hours!

2. Building Inspection (5-14 Days)

A professional home inspection ensures you know what you’re buying.
✔ Inspection report highlights any potential issues
✔ Buyers can negotiate repairs or price adjustments
✔ Some buyers waive inspections in competitive markets

3. Sale of Current Home (30-45 Days, If Applicable)

If you need to sell your home first, expect a longer timeline.
✔ Typically takes 30-45 days
✔ Less common in fast-moving markets
✔ Some sellers won’t accept this condition


Step 2: Factors That May Affect Your Closing Timeline

Several additional factors can either speed up or delay the process.

Common Extra Conditions (Usually Parallel to Other Steps)

Water tests (for rural properties)
Chimney inspections
Septic system evaluations
Reviewing legal documents

Market Conditions & External Delays

📌 Peak seasons (spring/summer) may cause slower processing
📌 Bank processing times fluctuate throughout the year
📌 Pandemic-related delays still impact some transactions


Step 3: The Final Steps Before Closing

Once all conditions are met, your offer becomes firm. The final steps are straightforward:

Meet with a notary to finalize the legal paperwork
Sign the deed of sale
Receive your keys & celebrate your new home! 🎉


How to Speed Up the Process: Expert Tips

Want to close faster? Here’s how:

Get pre-approved for your mortgage
Have your home inspector ready before making an offer
Organize all necessary documents in advance
Maintain clear communication with your agent & lender
Work with an experienced real estate team

📍 Related: Understanding the Offer Process When Buying a Home in Canada

Need Help Selling Your Home?

Every home has the right buyer—sometimes, it’s just about making the right adjustments.

If you have questions about why your home isn’t selling or want an expert’s opinion on market conditions in Quebec, reach out today!

📞 Call Peter Thompson: (438) 500-8344
📩 Email: peter@peterthompson.ca

🏡 About Peter Thompson

Peter Thompson is a Quebec real estate expert specializing in helping homeowners navigate complex market conditions. Contact him today for a personalized home sale strategy.

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Peter Thompson

Peter Thompson

Peter graduated from Lasalle College in hospitality and spent 13 years managing the infamous Chateau du Lac, where he built a reputation for leadershi...

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