Home Buying in Naperville>Question Details

returing_hom…, Home Buyer in Naperville, IL

How soon should I begin to look for a home if I need to move into it at the beginning-to-mid-December?

Asked by returing_home_to_buy, Naperville, IL Tue Jul 17, 2012

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hello,

A typical buyer starts their search 90-120 days before they want to close on the new home . It looks like you already are familiar with the town , so maybe you want to start looking on the internet yourself and see if you can monitor the price movements in your favorite areas. The closing can be done in 30-45 days once you have an executed contract.

We can sign you up for a service that lets you have full access to MLS, just like a licensed Realtor on your fingertips without any cost. If you don't have a Realtor , we can recommend one too .

send me a quick email and I can get you signed up, there is no fee , we don't need to check your credit at this time You can also sign up yourself thru me website for the service .
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1 vote Thank Flag Link Tue Jul 17, 2012
Drive by 10 S 189 Alan Rd - Naperville.
Walk to the best schools in Naperville. Listing soon. If you like it, contact me:
dean@soraapps.com
0 votes Thank Flag Link Mon Sep 24, 2012
I would start getting things in order now. Find an agent your comfortable with, find a loan officer and figure out where and in what price range. Once you have done that stay browsing online or through your agent and that way you can get a good feel for what to expect. Once you have found a property it will take less than two months to finalize everything in most cases. If you have any other questions give me a call Mike Goodwin @ (630) 768-5257 or check my website out at http://napervillehomesforsalenow.com
I look forward to hearing from you.
Web Reference: http://mdgrealtor.com
0 votes Thank Flag Link Sun Jul 22, 2012
You should look now or soon because it would take a little time to arrange everything especially the house.
0 votes Thank Flag Link Thu Jul 19, 2012
returning_home_to_buy: Congratulations on your decision to buy ... and to start the home search in plenty of time. In the current challenging market, the home buying and mortgage financing process takes a bit more time then they previously did to Close. And with that said, I would recommend that you start working with a mortgage lender now to begin the Pre-Qualification process for financing. Once that is completed, you then could start viewing homes with a realtor. Differing timeframes have been mentioned within previous comments, but I would recommend starting earlier than later. Closing Dates can also be negotiated and placed in Contracts. I have provided mortgage service in the Naperville area for well over 3 decades. Should you be in need of a referral for a realtor, I would be glad to help.
Best of luck to you in your upcoming move and purchase,
Gene
Web Reference: http://www.genemundt.com
0 votes Thank Flag Link Wed Jul 18, 2012
I would begin your search now. Choose an agent to help narrow down your choices of homes that fit your families needs. Then your house hunting trip when you can come into town will be well spent. If I can answer any questions for you, please let me know. Good luck. My email address is michelle.tangorra@bairdwarner.com.
0 votes Thank Flag Link Tue Jul 17, 2012
Thanks for clarifying. I would interview over the phone now from the agents who responded to your question to see who would best meets you needs. I would also check their personal websites and zillow for testimonials if possible.

I would then line up an agent by September 1st at the latest and plan a solid week at the end of September to look and find the home the best suits your needs.

I would not look at short sales as they can take forever and most do not close in less than 4-6 months or at all. I would also be careful about foreclosures( I know I sell a lot) as they caould have extra problems that will be hard to handle if your are put of town.

You will need a full service full time agent to help you. I do a lot of relocation and it helps to have an agent experienced with relocation.

You will be great as you are doing your homework early to find the right agent.

http://www.BrokerOfNaperville.com
0 votes Thank Flag Link Tue Jul 17, 2012
That is wonderful. I would love to help you with your move.
Call me at 6307425090 and we can discuss in detail.
0 votes Thank Flag Link Tue Jul 17, 2012
Thank you for all the great responses. I will clarify my position that I am in. We will be relocating to the Naperville/Wheaton/Warrenville/Lisle area for my job and currently do not live in the area. We will only have about a week on the ground to look at houses and I was looking at when the best time to use that week to search for a home would be. We do not have a lease or selling a home to worry about as that is already taken care of. We have a young child (~ 1 year) so schools are important, but we don't need to worry about timing right now. I am open to Short sales if they will work, but I don't want to be spending extra money on short term housing after we move to the area.
0 votes Thank Flag Link Tue Jul 17, 2012
Hi Returning Home To Buy,

If you are buying a conventional home (not a foreclosure or short sale) I would say that three months would be optional, So, you should probably be looking online right now and checking out the schools if that's important to you. Also, drive the neighborhoods at different times of day to see what they are like. You can check all properties and a school site at http://www.mariannehofmann.com.
Please give me a call if I can help you - 630-664-9472.

Best regards,

Marianne Hofmann, Realtor, Broker, e-PRO
0 votes Thank Flag Link Tue Jul 17, 2012
I would locate an agent now and mortgage lender to touch base to lay out a plan of action. Personally, I never like buyers to be in a rush so I would recommend September at the latest to begin. Once you secure your dream home, it takes generally around 8 weeks to close.

This is a great question as often times buyers estimate the time of finding a home and purchasing too short. A full service full time agent will provide you with everything you need to get this process started.
0 votes Thank Flag Link Tue Jul 17, 2012
It depends on several factors and your current living situation?
1. Are you located here locally in Naperville/IL? (Relocation?)
2. Are you renting? When does your lease expire?
3. Are you firm about your requirements for the new home?
4. School going kids? Timing the school session
5. Will you evaluate Short Sales/Foreclosures as potentials? (long lead time required - 5-9 months in my personal portfolio)
6. Conventional sales - perhaps 3 months lead time with firm requirements
7. Credit score/pre-approval etc.

And perhaps other ad-hoc factors depending on your situation

Hope that helps

Sunita.Tandon@bairdwarner.com
0 votes Thank Flag Link Tue Jul 17, 2012
Hi there,

Usually house hunt is an involved affair, find the right house, mortage process, & the closing process. The closing & mortgage process usually do take 2 - 3 months, depending on how prepared you are for your mortgage approval. House hunt can very depending on what you are looking and what is available. You can find the house in overnight or might take few months. If you hire a right agent, who can understand their client needs, like me, might save your time and money in finding a suitable house for right price. I have done closing in one month & sometime it may take 3 - 6 months to just find the right house.
Good Luck for you house search, if you need my assistance, please contact me.

Regards,
Nutan Bansal (Nootun) Real Estate Professional
ABR® | e-PRO®| BPOR® |SFR®|Broker®

Certified in Short Sale & Foreclosures
Certified Accredited Buyer Representative
Charles Rutenberg Realty
http://www.egreathomes.com
0 votes Thank Flag Link Tue Jul 17, 2012
I would start your research now. Find homes online, drive by the communities, and have your Realtor explain to you how short sales and foreclosures work.

If you're okay with working with Short Sales then you might want to start now. Some short sales can take more than 5 months to be completed. While you wait you can continue to shop for homes.

If you're going to buy a conventional home or foreclosure you'll need to allow for 30-45 days to get your loan so I would start your search 2 months before your planned move-in date.

It can also depend on your current living situation. If you're renting what would it cost to break the lease, can you extend it month-to-month inexpensively, etc....

The market is making timing tough so do your homework ahead of time and make sure you're prepared in case things don't work out on the timeline you're hoping for.

If you need more help please don't hesitate to contact me.....630-730-4934 or EricHallRealEstate@gmail.com
0 votes Thank Flag Link Tue Jul 17, 2012
September 15th if you are looking at conventional sales and not short sales or foreclosures.

Call me anytime or email me for how I came up with that date. Anything earlier you will be bargaining at a position of weakness if and when you find the home you love because you will be asking the sellers to close so far in the future.

George Meredith Jr.
0 votes Thank Flag Link Tue Jul 17, 2012
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