Home Ownership in Dallas>Question Details

tfore230, Renter in Dallas, TX

My lease is up at the end of October in my apartment, when is the best time to start looking for a house/townhouse?

Asked by tfore230, Dallas, TX Thu Feb 20, 2014

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I feel that it is never too soon to start with a lender. The more time I have to work with you and advise you on "tweaks" or modifications that we can make on your credit, assets, the better the loan terms that I can usually obtain for my clients. I always offer a specific plan in writing for them to follow to put them in the most advantageous situation. (and any other experienced, customer service oriented lender should do this as well I would think)

I'm available to help you at your convenience if you wish.

I can do a full underwriting approval ahead of time if need be and I also offer credit score improvement programs for free while we work on your mortgage.

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Robert L. Hanson
Gladewater National Bank
First Time Homebuyer Specialist

Direct: 240-752-7549 Cell: 301-651-7822
Email: robertlh66@verizon.net
NMLS# 695929

Rate quote or live chat with me at the link below:

2 votes Thank Flag Link Fri Feb 21, 2014
Are you willing to pay apartment + home for about 2 weeks or would you like to move out of the apartment and move in to a new home on the same day? Are you available only during weekends to view properties or are your days flexible? The answers to those questions will help determine when you should be looking for a home. As a general rule you'll probably want to start looking late August. Before you start looking for a home; however, I would suggest talking to a lender and get pre-approved for a loan.

I'd be happy to assist you in finding your dream home. Give me a call at 469-371-2899 or you can check my website at http://www.dfwdreamhomes.net to find the most current homes available on the market.

Susie Kay, Realtor®
United Real Estate
III Lincoln Centre, 5430 LBJ Freeway #280
Dallas, TX 78240


Servicing your real estate need is my priority!
1 vote Thank Flag Link Sun Feb 23, 2014
If you are searching purchase I would recommend no later than end of July it takes approx. 45 - 60 days to close.

My website is updated daily therefore saves you time search accurate information

Allow my professional profile to introduce myself to you

Contact my office today where I can show you many amazing homes work with your family specifications.
Lynn911 Dallas Realtor & Consultant
Multimillion Dollar Sales Producer
http://www.lynn911.com 100's of Dallas homes listed for sale or lease

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1 vote Thank Flag Link Fri Feb 21, 2014
If you have not owned a home in the previous 3 years, you may qualify for our First Time Home Buyer program. You could go ahead and close on your loan early if you wish. For example, if you closed in July, your first mortgage payment would not be due until December 1. This would allow you to continue to make your rent payment, allow you to give your landlord plenty of notice, and allow you to move your belongings out at a leisurely pace. For more information, you can email me at bill.merritt@bbvacompass.com.

There is no other lender that offers this extra 3 month delay in making your first mortgage payment.
0 votes Thank Flag Link Mon Mar 24, 2014
Probably about 3 months out. Houses disappear pretty fast these days.
You can get qualified now for a loan to check and see where you stand.
That way if you need to work on credit score, savings, pay down debt etc you have time to do it.
Web Reference: http://app.kw.com/KW1622ZUD
0 votes Thank Flag Link Mon Mar 24, 2014
Bruce Lynn, Real Estate Pro in Coppell, TX
You definitely should sign a exclusive buyer agreement with the one real estate agent who you want to pick one good real estate agent. Good luck to you.
0 votes Thank Flag Link Sun Feb 23, 2014
I agree with others. Pick 1 Realtor and work with them only.
0 votes Thank Flag Link Sun Feb 23, 2014
Definitely by August you should have started looking, and possibly September. If you need help, feel free to give me a call, we can discuss your needs/wants.

Liz Renfro
William Davis Realty
0 votes Thank Flag Link Fri Feb 21, 2014
If you are looking to purchase a home you should contact a Realtor 90 days prior to the end of the lease to have no overlap in rent and mortgage payment. We should allow a lender 30-45 day to complete your loan and close (depending on the type loan). This gives you 60 days to get prequalified for a mortgage loan, and locate a home you want to purchase. Most seller would like to see a deal close within 30-40 days, so looking too far in advance won't help, unless you are open to making double payments, or can get out of the lease early.

If you are interested in renting it is almost pointless to look prior to 30 days, as landlords will not hold a property long, and you will likely be beat out by tenants who can move in quicker.

Let me know if I can help, and thank you for seeking advice from the Realtor community.

Best wishes,
Janet Nelson
Cell 972-658-4401
0 votes Thank Flag Link Fri Feb 21, 2014
If you plan to buy, I would start looking at the end of Spring. If you find the perfect house, you might have to overlap with rent payments a little or if it takes longer than you expect, you might have to go month to month on your lease for a short while. Once you find a property you like, plan on at least 30 days to close and take possession.
0 votes Thank Flag Link Fri Feb 21, 2014
40 days prior to your move out as landlords typically won't hold a property longer than 30 days.
0 votes Thank Flag Link Fri Feb 21, 2014
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