Many of my Buyer Clients ask me about Timing.
When should you start looking for your new home? When should you talk to a lender? How long does it take to go from an offer to moving in? How soon is too soon to start touring? How to coordinate buying with the sale of a current home? As your exclusive agent, I will assist you every step of the way.
Practices vary from state-to-state. Here are some rough guidelines for purchases in the Carolinas, where the home buying process is relatively easy and buyer-friendly.
If you are planning to buy an existing home*, start backwards from the day you want to move in:
After your offer is accepted - I coordinate and monitor everything with a careful eye to your "due diligence period" including inspections, appraisal, repairs, the closing attorney, title work, financing, and any possible surprises.
You can start packing!
*I also work with both custom and production builders. If you are considering building a home, contact me for advice on buying new construction and the timing for that.
If you haven't bought a house in the last few years:
There were Federally-mandated changes that started with mortgages initiated after 10/2015. If you will be getting a mortgage, you now want to allow a full six weeks for the process between offer and closing for most Lenders. (My preferred Lender can usually do it in 2-4 weeks.) In addition, you will need to be flexible and more prepared for possible last minutes delays. You will not want to have a moving truck scheduled to show up the day of closing. You will want to have contingency plans. Lender rules, plus all the Federally designed closing forms, and the software lenders and attorneys use to create the forms, changed 10/2015. It is critical that you choose a hands-on, customer-service oriented Lender and avoid any Big Banks or internet lenders. You also do not want to be closing with an inexperienced attorney or one that is less tech savvy. Now, more than ever, it is critical that you work with an experienced Buyer's Agent (like me) to avoid costly mistakes, or delays. Use my vast experience to make the process as painless as possible.