Survey: Homebuyers Say Closing Takes Too Long

Homebuyers say the time it takes to close is the most frustrating part of the homebuying process and believe greater use of technology could smooth the process, according to a survey released Thursday by a company that provides technological support for real estate transactions. The survey by Spruce found: 82 percent of homeowners surveyed agree that technology could make buying a home easier.45 percent of homeowners surveyed cited the “time it takes to close” as the most frustrating part of the homebuying process – ahead of finding a home within budget, putting the offer in, getting a good deal, and confusion with the overall process.48.5 percent of homeowners think real estate transactions are outdated. Spruce said the close window was…