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 .
I look forward to hearing from you.
Best of luck to you in your upcoming move and purchase,
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.
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.
Marianne Hofmann, Realtor, Broker, e-PRO
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.
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
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.
Nutan Bansal (Nootun) Real Estate Professional
ABRÂ® | e-PROÂ®| BPORÂ® |SFRÂ®|BrokerÂ®
Certified in Short Sale & Foreclosures
Certified Accredited Buyer Representative
Charles Rutenberg Realty
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
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.