Timeline to Purchase

It’s almost the 𝗡𝗘𝗪 𝗬𝗘𝗔𝗥, which means… people are starting to think about those 2023 goals that involve making a move + getting into a new home ✨🏡

Here is what the basic timeframe of a home purchase looks like so you can figure out when it’s best for you to start preparing:

𝗟𝗲𝗮𝗿𝗻 𝗮𝗯𝗼𝘂𝘁 𝘁𝗵𝗲 𝗽𝗿𝗼𝗰𝗲𝘀𝘀 𝘄𝗶𝘁𝗵 𝗮 𝗯𝘂𝘆𝗲𝗿𝘀 𝗺𝗲𝗲𝘁𝗶𝗻𝗴 + 𝗺𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗽𝗿𝗲-𝗮𝗽𝗽𝗿𝗼𝘃𝗮𝗹: Less than a week
𝗦𝗵𝗼𝗽𝗽𝗶𝗻𝗴 𝗳𝗼𝗿 𝗮 𝗵𝗼𝗺𝗲: Average for my buyers is about 2 weeks to 2 months, but it totally depends on personal motivation, amount of inventory that matches search criteria + level of competition with the homes interested in
𝗨𝗻𝗱𝗲𝗿 𝗰𝗼𝗻𝘁𝗿𝗮𝗰𝘁 𝗽𝗲𝗿𝗶𝗼𝗱: Average is about 4 weeks, but could be shorter or longer depending on buyer/seller preference + contract negotiation

𝗦𝗼, 𝗶𝗳 𝘆𝗼𝘂𝗿 𝗴𝗼𝗮𝗹 𝗶𝘀 𝘁𝗼 𝗯𝗲 𝗶𝗻 𝗮 𝗻𝗲𝘄 𝗵𝗼𝗺𝗲 𝘁𝗵𝗶𝘀 𝘀𝗽𝗿𝗶𝗻𝗴, 𝘁𝗵𝗲 𝘁𝗶𝗺𝗲 𝘁𝗼 𝘀𝘁𝗮𝗿𝘁 𝗽𝗿𝗲𝗽𝗮𝗿𝗶𝗻𝗴 𝗶𝘀 𝗿𝗶𝗴𝗵𝘁 𝗮𝗯𝗼𝘂𝘁 𝗻𝗼𝘄!

And, here is a fantastic bonus tip - you don’t make your first mortgage payment until the month following the month after you close, which can be super helpful when determining financial comfort level with any overlap in a current lease + a new home, or you could even go a month or two without a house payment!

𝗛𝗲𝗿𝗲’𝘀 𝗮 𝗽𝗿𝗮𝗰𝘁𝗶𝗰𝗮𝗹 𝘁𝗶𝗺𝗲𝗹𝗶𝗻𝗲 𝘁𝗼 𝗰𝗵𝗲𝗰𝗸 𝗼𝘂𝘁:
🤓Dec • Schedule a new buyers meeting + get pre-approved
🏡Jan • Start house hunting
📑March • Make an offer + go under contract
🔑April • Close on your new home
💵June • Make your first mortgage payment