When should I start looking for a new home? It seems that a lot
of people worry about starting too soon or starting too late. It is true that
coordinating dates on your home purchase with the rest of your life can be
challenging. How do you know what to do?
Most real estate closings here in New York take at least 90
days. Yes, your aunt will tell you about one that took a month and neighbor
Suzie will say it took her 9 months. Why so much variation? Because there are
many things that influence how long it takes to close a real estate deal.
What to do first? The first thing anyone interested in
buying must do is to assess their financial situation. Whether you do this by
assuring you have proof of funds if you are paying cash or contacting your bank
or mortgage broker, it is essential that you know what you can purchase. Your
real estate agent can refer you to someone to help you in this area.
You should have an idea of where you want to live and what
you want in a home. You will see many things and if you know what you
absolutely must have, it will help you and your agent find the right property
Please remember that the condition of a house will greatly
affect its value. The condition can change. The location cannot. The basic
footprint, the square footage of a home is static for the average buyer. How
you configure that space inside the exterior walls is something we all watch on
HGTV, whether we are up for that or can afford that in real life is another
The spring market is something that has taken on a life of
its own. There are good homes for sale year round. There are bargains year
round. You do not need to wait for the “spring market”. In fact if you start
earlier, you will have a jump on the competition because you will already have
determined some of your possibilities and exclusions before the crush.
The correct time to start looking for a home is when you
are ready, the sooner the better. Waiting until you have 2 months left on your
lease, not so great, you may end up without what you want.
Author:Mary Kingsley Phone: 917-292-5378 Dated: February 24th 2014 Views: 19,681 About Mary: I have a long background in public service. I am a Registered Nurse with a BA and an MPS in Health C...
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J. Philip Real Estate is Westchester & Putnam's premier independent brokerage. Founded in 2005, the firm has grown from a single broker to a strong organization of well over 80 associates despite the housing downturn. The team's commitment to results and client advocacy, as well as our focus on technology and innovation, have positioned us as the "go to" brokerage for area buyers and sellers.