Post # 1
I think my husband is a bit clueless because he thinks we can start searching for a house, buy it and move in, in less than 4 months. Is he right or does it usually take longer than 4 months for the whole process of house searching, placing offers, closing and then actually legally owning the house.
How long did it take you to take legal ownership of the house. once you started seriously searching for a house?
Post # 3
It can be done within 4 months if nothing goes wrong, but things always go wrong, lol. However, I’ve done it in 3 months, so it can be done.
Post # 4
It definitely can be done in 4 months. It depends a lot on the area you are buying and how flexible you are on your wants/needs and budget you can find a house a lot easier than if you have a mile long NEEDS list. Basically, as long as your realistic on what you can get for your budget you should be able to get something in 4 months.
Escrow is usually 30 days, but if can be shorter or longer. For us it was only 15 days.
Post # 5
It can certainly be done in 4 months. We were looking for a good 9 months, but when we found our house, we looked at it one night, got into a bidding war with 3 other couples, won that and closed less than 30 days later. So it can move quickly!
Post # 6
We started seriously looking in April, bought in May, and moved in June!
Post # 7
it has varied for me. my first couple of homes took around 4 months.
my last 2 homes i have designed and built because i wasn’t finding anything that i liked. i guess i am getting pickier as i get older. keep in mind, it did take a few months to find a lot/land that i liked for these homes.
Post # 8
We started looking the first week in February (as in – going out to see things in person, not just online) and closed by March 30th and moved in. So ours was less than 2 months from start to finish.
Post # 9
- Wedding: October 2011 - Bed & Breakfast
We started seriously looking in January 2011, took a 8 month break for the wedding and family stuff, and still haven’t closed. It really depends on your budget, your standards, and your market. We’re purchasing at the lower end of a very expensive zipcode and have high standards for our forever home. Right now there are only 17 houses in that entire part of the county that meet our bare minimum qualifications in our price rance. So the housing stock is very low and that meant we’ve had to wait a very long time for the right kind of houses to come to the market. We’ve put in 3 contracts. The first one we pulled out of because everything felt all wrong, The second one expired because the seller never followed through on their end of the deal. And our third one is pending approval by the seller’s bank. It’s only been 6 weeks of waiting so far, which is peanuts in the short sale world. We are hoping the bank approves the deal before our contract expires at the end of this month.
Post # 10
Eh. We found the house in like two weeks and could’ve closed immediately but we needed to wait until it was closer to the end of our lease, so we had a 120-day close. Blech.
Post # 11
4 months is absolutely doable if you’re looking in an area with a lot of regular sales. Here there are a lot of short sales, which take months and months. Then there are the owners who are under water and don’t know it. If a house appraises low and the owner owes more than the appraisal, you may lose the sale.
If you’re pre approved and all that jazz you can close on a house in 30 days once you find it. The key is to find out what the seller paid for the house and if they refinanced. We’ve been burned several times because of this.
Post # 12
We started looking in mid February and have looked at 20+ homes, made offers on 3 homes and are waiting to hear back from an offer made yesterday from that seller. I definitely think you can get it all done in 4 months – just as long as you find a home you both agree on (our problem!) and negotiations go pretty smooth (also our problem… LOL) then it is definitely possible! Good luck!
Post # 13
Yup, it’s definitely doable – but a bit stressful. We started looking in March, bought a house just last weekend (April) are moving in May. 🙂
The thing is, we had a short time frame imposed on us through work/school/life, and we had to find a home with a closing date of either May or June. That meant that many homes we liked wouldn’t work, and we had to accept that. So, while doable, a longer closing term will give you more flexibility and choice in which house you can buy.
Post # 14
We waited a year to find what we wanted in our pricepoint. We started putting in offers once the average dropped by 100K. By the time we started bidding it took about 6 months to find something, have our offer accepted over others, and close. Our market was very competitive so we lost many homes to vicious bidders. So, yeah. It’s possible. But like they already said, you might have to be very flexible with what you want in a home, you might be outbid or the market could be very competitive, and you don’t always close on time.
Post # 15
Not to echo what was already said, but I bet it varies by location, budget, wish list, etc.
Good luck, OP! 🙂
Post # 16
Our first home, it took 6 months, the second 7 months.