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When Do You Close on a New Construction Home?

So, you've decided to take the exciting leap into homeownership with a brand new construction home. Congratulations! As you embark on this journey, understanding the timeline for closing on your new home is crucial. In this guide, we'll walk you through the process step by step, ensuring you're well-prepared for what lies ahead.


Purchasing vs. Closing

Before diving into the closing timeline, it's essential to distinguish between purchasing and closing on a new construction home. Purchasing typically occurs when you sign a purchase agreement and provide an earnest money deposit to the builder. Following purchase you will usually have to wait for a period of time to close, or formally take ownership of, your new home. Closing, on the other hand, is the final step where ownership of the property officially transfers to you, and you take possession of the keys.

Closing Timeline

Let's break down the timeline leading up to your closing day:

Two people shaking hands to illustrate a purchase agreement has been signed

Purchase Agreement Day


The closing process officially begins when you sign the purchase agreement. This document outlines the terms of the sale, including the purchase price, closing date, and any contingencies. You'll also provide an earnest money deposit to secure the property. At this point, the construction process will begin and you will go through a period of waiting if you a have opted to build your home. If you’re curious on what this process entails read our article on the step by step process of building a new construction home.

Photo that shows a home in the middle of the construction process

Purchase Agreement – 30 Days Prior to Close


After signing the purchase agreement for a to-be-built home, the builder will commence construction on your new home. During this period, you'll work with your lender to finalize your mortgage application. This involves providing documentation such as income verification, bank statements, and credit history. Once your home is completed, your new home consultant will typically reach out to schedule your new home orientation, where you’ll get the opportunity to see the completed home for the first time and have any final questions answered.

Photo of home that has 30 days until close

30 Days Prior to Close


Closings are typically scheduled 30 days out from the home’s completion. Around this time, you should expect to receive information via a letter or email containing your closing date, time, and location. Your confirmation letter will also provide details about the title company responsible for conducting your closing. Since many title companies require funds to be wired 24 hours prior to closing, this letter will include wiring instructions to ensure a smooth process on the day of closing. Additionally, we will include a list of available utilities in your community, allowing you to arrange or transfer services to your new home hassle-free.

Photo of home that has 14 days until close

14 Days Prior to Close


In the final two weeks leading up to closing, the home enters its last stages of completion. Following a thorough quality assurance walk-thru, our goal is to ensure that the house is impeccably finished by the time of the homeowner orientation, typically scheduled 7-10 business days before closing. During this orientation, the Builder will walk the buyer through essential features of the home and provide guidance on maintenance post-closing. It's an invaluable opportunity for the homeowner to familiarize themselves with their new residence, address any inquiries or concerns, and gain a comprehensive understanding of its workings.


As the week of closing approaches, the title company will furnish you with a closing disclosure encompassing the final particulars of your sale. This disclosure will encompass vital information such as loan terms, monthly mortgage payments, and any associated fees. It's imperative to meticulously review this document and tie up any loose ends before the eagerly awaited closing day.

Photo of keys being exchanged after a close

Closing Day


After the final walk-through, it's time to close! You'll head over to your closing location, where the closing team will assist you. This is the culmination of the process. At closing, you'll receive all the necessary documents regarding community-related information as well as warranty documents. Once everything is in order, and all necessary documents have been submitted, the final step is simply to sign. Ensure all details are in place, and you're set to walk away with the keys to your new home.

Closing on a new construction home is an exciting milestone, marking the culmination of months of planning and anticipation. By understanding the timeline and requirements involved in the closing process, you can navigate the journey with confidence and ease. Remember to stay proactive, communicate openly with your builder and lender, and seek guidance from your real estate professionals whenever needed. Before you know it, you'll be settling into your dream home, ready to embark on the next chapter of your life. 

Images are artist renderings and will differ from the actual home built. Prices, plans, specifications, square footage, availability are subject to change without notice or prior obligations. Options shown in the renderings and floor plans may be available for an additional expense. Square footage is approximate and may vary by elevation, municipality and/or options selected. Plans are subject to availability and feasibility. Please see a sales representative for more information.

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