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How Long Does It Take to Go from Accepted Offer to Sold?
Understanding the Timeline from Offer to Sold Home
Have you ever wondered how long it takes to go from an accepted offer to officially owning your home? You’re not alone! Many buyers and sellers in Quebec’s real estate market ask this question.
Let’s break down the timeline, key steps, and factors that can speed up—or slow down—your journey to closing.
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 graduated from Lasalle College in hospitality and spent 13 years managing the infamous Chateau du Lac, where he built a reputation for leadership and forming genuine, trusting relationships.
Peter’s real estate career is built on a foundation of honesty, trust, and tireless effort. He takes pride in going above and beyond to ensure his clients feel supported and confident throughout their journey. He regularly provides timeline market insights on his local service areas of Saint-Lazare, Hudson, Vaudreuil, and Rigaud, but has expanded to service clients across the Vaudreuil-Soulanges and West Island regions.
Outside of work, Peter’s world revolves around his wife and two young boys, who inspire him every day. A die-hard Montreal Canadiens fan, Peter never misses a chance to cheer on the Habs or crack a dad joke to keep everyone smiling.
This is #AskPete. If you have any real estate questions, feel free to send them and I will get you the answers. Or stay up to date on the latest tips for real estate buyers and sellers by clicking the YouTube button below:
