Find & Buy A Home: The Real Timeline
Purchasing a new home can be overwhelming. And, trust me, you’re not alone if you feel inundated with all the details that go into the home-buying process.
To break it down, buying a house usually has three main phases: house-hunting, making an offer and negotiating the purchase price, and actually purchasing that new home.
All told, it takes about 30 to 60 days from the point when your offer is accepted to closing on the sale. But, you have to start somewhere and it all begins with the house-hunting process.
When it comes to searching for a house, you’ll first need to first consider how much you can afford, how much inventory is available within your determined budget, and what the competition looks like. In other words, the amount of time it takes for you to find a house and make an offer can be influenced by the inventory levels and the amount of buyers out there competing for this inventory.
For example, if there aren’t a lot of buyers and yet many available houses in your budget, you may want to take your time going to open houses and comparing properties - before you decide on the home you’d like to make an offer on. At the same time, if there are limited houses to choose from and dozens of buyers looking at the same houses as you, you may have to move fast to snag the house you have your eye on.
Yet, even with market dynamics in mind, it’s important that you feel comfortable and ready to make an offer.
You may be the type that wants to see 100 homes before you feel educated on the market and confident enough to make an offer. On the other hand, you may be ready to go and make an offer on your first day out.
I’ve spent anywhere between one week to two years searching for the right home for a buyer. No matter what type of buyer you are, I’m ready to help guide you through the home-buying process.