If you are looking to buy a home in the near future then you may be wondering when the best time is to start viewing homes for sale in the area. The answer is as soon as possible if you want to get a home in the next year.
It doesn’t make any sense to wait since it could be a pretty length process. Once you find the one, it may take only a month to close, but that part is just one piece of the puzzle.
Homes Buying Timeline
Looking at homes for sale is just one of the parts of the whole home buying timeline. The timeline includes deciding you want to buy a home, determining if you are able to, saving up for a down payment or working on credit, starting to look at listings, finding a real estate agent to work with, attending opening houses, making an offer, conducting inspections, securing financing, and closing out on your loan.
If you count the time from when you begin to search for homes for sale until your loan closes, there is a decent chance that a whole year could elapse.
This doesn’t mean that each and every day is consumed with home shopping. Your market could lie Remittance dormant for a few weeks and waiting is still part of the process. The good news is that this gives you time to prepare to be a new homeowner
Qualifying for Financing
The first step should be qualifying for financing before you start looking at homes. It helps to know what you can actually get so you have a price point. This way, you start looking at the right properties, so you don’t waste your time or anyone else’s. It’s pretty easy to get mortgage preapproval so you should start with that.
Set Up Property Searches for Homes for Sale
Once you have mortgage preapproval and know what you can afford, set up property searches so you have an idea of what properties are on that market.