Home Buying in 84321>Question Details

Kim, Home Buyer in Buffalo, NY

When should I start looking for a home if I am wanting to move in late June?

Asked by Kim, Buffalo, NY Sat Jan 31, 2009

Do most sellers in Logan want to be out ASAP or will they hold for a summer closing?

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Most sellers will want to be moved out and have the contract closed an average of 34 days after acceptance. The best way to make sure your buying experience goes smooth is to take time now to prepare.

1. Get pre-approved (not just pre-qualified.) This will cut out the wait time you might experience otherwise. Remember when you find a home you want, a pre-approved offer could be the deciding factor whether your offer is accepted or not.

2. Once you have been pre-approved you will know exactly what price range you are going to shop in. At this point you can start looking online for homes in your price range to get an idea of what type of homes are available in your price range.

3. Shop for the right Realtor. The Realtor your neighbor or friend used may not be the right Realtor for you. Do some shopping around before deciding, and keep these questions in mind.
• Is the agent accessible by phone, email, or both?
• How long does it generally take your agent to respond to each?
• Is he/she available on weekends?
• What are his/her hours of availability/operation?

4. Shop for your home, but keep this in mind. You may find a home and have your agent put in an offer, yet the seller may not be willing to wait until June… but then again if they know you are pre-approved they just might accept. One thing is for sure, you’ll never know if you don’t at least try.
Web Reference: http://www.brvrhomes.com
0 votes Thank Flag Link Mon Feb 2, 2009
GREAT QUESTION: best way assist a realtor search for home, know exactly what you want, based on # of rooms, area of town single family or townhoome, short / long term goals, allow 60 days prior to search qualified by a lender. Allow up to 30 days from executed contract to close on home sale. Most sellers want to move upon closing many have another home purchased.
Web Reference: http://www.lynn911.com
1 vote Thank Flag Link Sat Jan 31, 2009
The time it takes to find the right home for you can vary. Some people find their dream home in 1 day. Others take a year. So, anytime is a good time to start looking. You can typically expect to be in escrow from 30-45 days after you make an offer and it is accepted. If you are looking only at short sale, foreclosure or REO properties escrow can last from 30 days to 6 months or more.

So, I would say to start looking soon and give yourself some time to look around, but first visit with a lender to get pre-approved for financing so you have a good idea of what price range you want to look within. If you want to move in by June you should hope to have found a home and made an offer on it by April or May at the latest.
1 vote Thank Flag Link Sat Jan 31, 2009
Most folks are looking for a 30 day escrow these days, but it's not to early to study the area you are interested in so you can spot a super deal when you are ready to make an offer.
1 vote Thank Flag Link Sat Jan 31, 2009
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