In a typical real estate transaction, the timeline begins with finding a property you love, followed by negotiations between your realtor and the seller to reach a verbal agreement on price and terms.

This agreement is formalized with a ‘Letter of Intent.’ Afterward, the due diligence process start, during which the property’s condition, legal standing, and potential issues are thoroughly investigated.

Your attorney provides a report on the due diligence, and if no significant issues arise, the transaction proceeds to the closing stage, which may take an additional two weeks due to escrow services and final paperwork.

The final step in the real estate timeline is when the property’s title is transferred to the new owner.