When buying a home it is important to have a realistic timeline in place in order to be able to make payments on time, sell your current home or end your lease in an appropriate manner.
Unfortunately houses are not always bought or sold in a specific time frame due to a variety of factors that cannot always be determined or controlled.
Buying a home can be quick and simple or can be a drawn out process that seemingly makes little to no sense. The process of buying a home starts when you decide you are going to buy a home, and begin to search for the perfect location and property. From brochures to yard signs to internet real estate websites and more the search for the perfect home is huge, and just a click away for most people.
When you have narrowed down your home search and have determined the features you want in your new home you will need to get into contact with the owner or real estate agent that is in charge of the sale of the home. By working with your realtor and the seller you can negotiate the sale within a matter of days or weeks with few problems. If you are indecisive or uncertain as to what exactly you are looking for in a new home you might find that choosing homes to look at may drag on over a period of months or years.
Your realtor will come up with a list of homes for sale that hopefully match the description you have given them. Expect to visit a few houses each time you have an appointment with the realtor; this may depend on the home’s open house schedule and when you can view the homes as well. Knowing the ideal number of homes to visit before getting too overwhelmed is essential to being able to make a clear and concise decision about buying a home.
When you have decided that you are ready to commit to a home the process of dealing with the payment and paperwork begin. Getting your down payment, mortgage, and other loans in line can take time, especially if you do not have the most stellar of credit ratings. Starting the payment process as early as possible, knowing your budget and understanding what you can afford to take out in loans is very important to speed up the home buying processes.
Once you have finalized the payment plan you are ready to move into your new home! Transfer the keys and begin the process of moving into your new property. This can also take time depending on when you can move into the house and how much stuff you have that needs to be moved from place to place.
In the end buying a home can take a long time or a very short period of time. There is no guaranteed time frame for the home buying search.