If Im looking to move in end of febuary, when is a good time to start looking?

Asked by Jamie S., 75204 Sat Dec 1, 2007

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Kathy Murray, Agent, Dallas, TX
Sat Dec 1, 2007
I think this is the time to narrow down you area by driving around and internet shopping. I think you selection of properties may be greater after January 1 because many people do not want the hassle of putting a preowned property on the market during the holidays. If you want new construction you may get a far better deal by using a realtor to negotiate with a builder now (no extra charge and sometimes they give bonuses to realtors which many realtors (at least I do) rebate back to the seller. Large builders are under pressure to meet year end numbers for their shareholders and may be willing to negotiate better deals and still allow you to close in February.

You may even want to close earlier in February, especially on a pre-owned home so you cant paint or do whatever before moving in. If you close the middle of February you mortgage payment will not start to April 1 (you will prepay taxes etc at closing).

I agree with everyone on the board..get you lender in place now but understand rates cannot be locked in usually more than 45 days. Right now rates went down so they are under 6% if you have great credit. You need pretty good credit nowadays to get a loan unless you can put 20% down in cash. I am happy to put you in touch with several excellent lenders--shopping mortgage rates (which is like shopping money !) will not put additional dings on your credit since lenders can see what it is your doing.
2 votes
Dallas Texas, Agent, Dallas, TN
Tue Apr 29, 2008
Have you moved yet? It takes up to 60 days to locate a property, and close. 1st you need to be approved for a home loan prior too searching for a home, then I am unclear where you want to move to?
Web Reference:  http://www.lynn911.com
0 votes
Kat, Agent, Dallas, TX
Thu Jan 3, 2008
Yikes! Have you started looking yet? Email me and I will take you touring. :) Cheers! Kat
0 votes
Anne, Home Buyer, Dallas, TX
Thu Jan 3, 2008
Hi Jamie,

We're looking to move out of Dallas around the same time. We're sad to have to leave. We've only been here for 1.5 years, but my husband job requires a relo. Please check out the link below.

Here's some more info about the area, for what it's worth:

I was RELENTLESS with research when moving to Dallas from Des Moines, IA. I used the Neighborhood Scout website (highly recommend it)-- and researched schools and neighborhoods to minute detail (looked at schools, crime rates, quality of life, diversity, etc). We narrowed our search to South Lake and Allen. Opposite sides of Dallas. I am SO glad we went with Allen. While South Lake is lovely, what I love about Allen, that South Lake does not have, is DIVERSITY! My caucasian daughters, coming from Iowa, now have best friends from India, Finland, Germany, as well as many from around the USA. Meanwhile, some friends of ours recently left South Lake because their daughter who is part Latina, was getting harrassed for the color of her skin in school-- in the third grade! It is also getting a reputation for being all about what you have, how you look, etc. We don't feel that kind of pressure here in Allen.

Again--both are lovely communities... but I highly recommend you ask around before making such a big investment.

It's 4 bedrooms + an office on mainfloor that could be a bedroom--has full bath. This neighborhood is SO awesome! HUGE mature trees (highly unusual in a brand new development!), creek, pool and spray park... biking trails. We're going to miss it.
0 votes
Mkp, Home Seller, 75039
Thu Dec 27, 2007
0 votes
John Dean, Agent, Whitesboro, TX
Tue Dec 25, 2007
Hi Jamie,

Today is the best time to start looking. Traditionally, January and February a lot of people who get a yearly bonus equal to an annual salary or larger buy for themselves to occupy or for an investment.
Please e-mail or call me and let me know what your looking for.

Direct dial: 214.734.4789

Merry Christmas,
John Dean
Web Reference:  http://www.johndean.ebby.com
0 votes
Cory Kutin, , Dallas, TX
Wed Dec 19, 2007
Yesterday! It's time to get busy if you're serious. Narrow down your search area, price range, get your finances in order, & start the mortgage pre-approval process.
Web Reference:  http://CoryKutin.com
0 votes
Bruce Lynn, Agent, Coppell, TX
Sat Dec 1, 2007
Now is about the right time. Typically I would say now is a good time to start narrowing down where you want to live...like what part of town. Then about 1st of January you need to get serious and nail down a contract by about 1st of February. As mentioned by another realtor below, get prequalified NOW, before you start shopping and select a realtor now as well. If you need assistance with either please feel free to contact me and I'll be happy to point you in the right direction depending on where you want to live.
Web Reference:  http://www.teamlynn.com
0 votes
T.E. & Naima…, Agent, Dallas, TX
Sat Dec 1, 2007
Hi Jamie, It is a good time to start looking especially in this metroplex. Unless you already know which neighborhood you want to be in, you can start exploring different areas and compare to see what you get for your money. Everyone below is right about your financing process if you haven't done so already, get in touch with a reputable company and get yourself pre-approved. It will make your offer a lot stronger and sometimes sellers do not even want us to show the homes if the buyer is not pre-qualified.

If youy are not working with a Realtor, I'll be happy to assist you.
Web Reference:  http://www.sumnerrealty.com
0 votes
David Hitchi…, , 75252
Sat Dec 1, 2007

Your first step is to get prequalified, through the lender of your choice. I do however recommend using a lender that has a good name, and can provide you with references. Once you are prequalified you can then know exactly the price range of home to start looking for and a qualified agent can help you find the neighborhoods in the cities you would like to live in, or can qualify to live in. The process can vary depending many times on lenders promptness or lack there of. Time frame on closing on a home can vary as well depending on the sellers needs as well as yours, that is negotiable. I have closed homes in as few as 10 days from time of purchase and I have closed homes months later. Your best bet right now is to find an agent that will help you through the process and will explain in detail what takes place when buying a home and can protect your best intrests.
Web Reference:  http://www.DavesHomes4u.com
0 votes
Deborah Madey, Agent, Brick, NJ
Sat Dec 1, 2007
You can begin searching online at sites such as Trulia and Realtor.com now. Do you have a Realtor who will represent you? If not, you can start reviewing your options on that, also. You can sign up for automatic updates of properties that match your criteria through various agent and broker sites.

If your goal is to be in your new home at the end of February, you are looking to make an offer any time between now and mid- January. Typically, closings might average 45 days or so. It can be done in 30 days, and sometimes less. If you found a property in December, many sellers will work w/ a 60 day closing, especially in this market.

Do pull your credit ASAP if you have not already done so. You will need to get pre qualified, and if there are any errors on your credit history, you will want to get working on corrections. Once you know your credit profile is correct, you can begin learning about options for loan programs good for you. This will help you in determining the price range of homes you will search.

Best of luck to you!
0 votes
Susie Genet, Agent, Tulsa, OK
Sat Dec 1, 2007
You should probably start doing some preliminary looking now, get an idea of where you would like to be and what is available on the market. Once you put an offer on a house, you should figure about 30 days to close so you'll need to be ready to put an offer on by the middle to end of January. If you haven't already, your first step should be to contact a lender for a preapproval.
0 votes
Don Jackson, , Temple, TX
Sat Dec 1, 2007
NOW!!! It is only 90 days until you want to move. The financing process can take 30 to 45 days. I would also suggest that you start the financing process too.
0 votes
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