How long does it take to close on a Florida Keys home?

Closing timelines on Florida Keys homes typically range from 30 to 60 days for financed purchases, with cash transactions sometimes closing faster. Several factors specific to the Florida Keys can extend timelines beyond what buyers experience in other markets.

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Typical closing timelines

  • Cash purchases - can close in as few as 10 to 21 days when title is clear and all parties are prepared
  • Conventional financing - typically 30 to 45 days depending on lender and appraisal scheduling
  • FHA and VA loans - may run 45 to 60 days due to additional appraisal and inspection requirements
  • Jumbo loans - common in the Florida Keys; underwriting can be more involved and add time to the process

Florida Keys factors that can extend closing timelines

  • Insurance binding - securing wind, flood, and homeowners insurance in the Florida Keys can take longer than in standard markets
  • Appraisals - limited comparable sales in some Florida Keys submarkets can complicate and delay the appraisal process
  • Inspections - specialized inspections for seawalls, docks, and marine structures add time to due diligence
  • Title issues - older properties and waterfront parcels sometimes have title complications that require resolution before closing
  • Condo association approval - some communities require buyer approval by the association which adds time
  • Permit searches - buyers often request open permit searches on Florida Keys properties which can reveal issues requiring resolution

What buyers can do to keep closings on track

  • Submit complete loan applications early and respond quickly to lender requests
  • Begin insurance shopping immediately after going under contract
  • Schedule inspections as early as possible within the inspection period
  • Work with title companies experienced in Florida Keys transactions

More Florida Keys real estate questions

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