Post # 1
My Fiance and I have discussed buying a house in the next year to two years, and he recently threw out the idea of trying to buy before our wedding…which is in late October of this year (and which we are in the midst of planning). I do not have any idea how the home buying process works; my impression is that it is very time consuming and expensive but that’s about it. Oh, and lots of paperwork! He doesn’t know any more than me, but I know this is something he really, really cares about and wants to at least attempt to do now.
Is it even possible to buy a house in that time frame? I feel like we must be slightly crazy for even considering the idea, given the time constraint and that we are also planning our wedding. We have valid reasons for wanting to buy by then, but I don’t know if it’s even possible. Thoughts from people with more real estate experience than me?
Post # 3
It’s do-able. When my SO and I bought our house, we probably started the process (getting preapproved, deciding what we were looking for, etc) about 6 weeks before we found our home. We closed less than a month after our offer was accepted and moved in within a week of the closing. Start to finish was less than 3 months.
Granted, this was pretty fast and other factors will influence this (the market, what you want to spend, whether you want a completely “done” house versus a house that needs some work, whether you want to do the work yourselves or will have to hire someone…). We had an AWESOME realtor though and that made the process so much smoother.
Post # 4
We started looking in August of 2011. Offered on a house Septeber and our offer was rejected. We found another in October, our first offer was not accepted but our counter offer was. We closed December 9, but didn’t move in till April because we had to do a lot of renovations.
So I would say we did in about 4 months.
There are a lot of ups and downs. Also depends how picky you guys are and things you won’t compromise on. And waiting to hear if your offer was accepted sucks.
You should deff start looking and decide on must haves and just see how it goes. If it gets close to wedding time you can always set your closing date for after.
It does take a lot of time to look at houses, but always google earth before you go to look in person. (For example one house we WERE going to look at backed up to a school bus yard)
Good luck and enjoy!!
Post # 5
It depends on so many factors. It’s certainly possible… if everything works out. Fiance and I have been house hunting for quite some time now and made a few offers but things fall through for one reason or another. Now that it’s getting closer to the wedding we might take a break from house hunting and see what comes up in the fall. The market is tricky here. You pay a lot for not a lot of quality.
Post # 6
Given the wide variety of options in your area, OP, you guys might want to just start talking to a realtor. They can give you an idea of what’s feasible and what isn’t. Even if you aren’t actively looking at the moment, you can use the experience to try and find a realtor you click with so you know who to call when you do actively look.
Post # 7
Sure, if you have all your financial ducks set, it can be pretty fast.. .just a matter of finding the right home. We started seriously looking for homes around May, made an offer beginning of Aug, and moved in by September. The load of paperwork really only happens during the loan application (they want every bank account, retirement account, pay stubs, W2s) and during the closing, but that’s all prepped by the lawyers anyways and you just sign sign sign and sign some more.
Post # 8
This is all very helpful and reassuring – thank you! I told my Fiance tonight that we should arrange a meeting with a realtor ASAP if we are serious about pursuing this. He tends to underestimate how difficult some things can be while I overestimate them (so, we balance out). 😉
Post # 9
My SO and I just moved into our new home last weekend and we are getting married in less than 6 weeks! We are still unpacking and lots to do no doubt but its the best thing ever! Its totally doable and house hunting was a fun experience for us and so different from the stress of wedding planning. lol. There is paper work but it really isnt that much and the notaries do all the work anyway. Just go into in as “window shopping” no pressure to buy but when you fall inlove with a home, thats it! You’ll just have to have it…Lol
Post # 10
Its definitely posdsible. We began looking in September and closed in December…mostly because we fell in love with a short-sale home that had TWO mortgages. It was a process to get both of their banks to agree and get our bank to do the extra work they needed to do to make it all possible.
Post # 11
Can you do it? Definitely. Would I recommend doing it while you’re nearing the end of wedding planning craziness? Not a chance! It’ll be so much more fun and relaxing if you can focus on them one at a time, unless there’s some pressing need to move soon. Because just look wedding stuff, once you start looking it can quickly become an obsession!
Post # 12
It’s possible…but I wouldn’t recommend it….we started the house search in early November, put in a bid on a home got rejected, then a 2nd bid on a second home a week after that, that bid was rejected and then about 2 wks later get a call back, our original offer was accepted….we got the house in early December, Got Married on Jan1st, and moved in on January 5th…..now for the reasons I say don’t do it….
1. 2 Major stresses- Marriage and Home purchase= Anxiety Attacks
2. Moving into a new home requires a lot of unknown expenses….painting, repairs, window treatments (even curtains add up)
3. Unforseen expenses (i.e. alarm, home warranty)
4. Because I said so….just kidding…just adding this funny one to lighten the mood….
Overall I love my home, but I do regret not going with my gut and waiting until after I was married…..I listened to the hubbie that listened to his mom telling him that it would be months before we could get a house….my brother on the other hand said….if you’re working with someone that knows what they’re doing….then it is quick and painless….
Good Luck to you..sorry for the long post!
Post # 13
We are doing that right now. Our wedding is next April, our lease expires in September, and we are planning to close in August. Its definitely doable. Do the pre-appropval and start looking. The process moves rather quickly. That being said, as previous posters have mentioned, you really need to have some extra $ in case of unforeseen expenses – and also keep in mind that closing costs are between 1-4% of the total cost of the home you’re purchasing.
Post # 14
@Fairy Penguin: It’s possible! We’re getting married in November. We looked at our very first house on February 18, put an offer/got our offer accepted on March 18, and went to act of sale on April 17. Two months from very beginning to very end!
Post # 15
It’s doable. The whole process took us just over 4 months from the time we started looking to the time we moved in. However, I would not recommend it.
I had a shorter engagement without much help so wedding planning was really all I had time for. We started house-hunting about 4 months after we got married, and it was so nice to have that be our first big newly-married project. I had a lot of fun and enjoyed being able to focus on finding our home. And it was awesome to have something to look forward to after the wedding.
Also we spent a ton of money between the down payment, closing costs, taxes, insurance, fixing up house things, buying furniture, etc. We really needed to spread that out from wedding costs.
Post # 16
It is definitely possible. The thing I’d caution you on is putting pressure on yourself to get it done in any amount of time.
For us, the process was super fast. From the day we looked at our first house to the day we signed a sales contract was 3 weeks. We moved in 5 weeks later. The only part of the process that I found overwhelming/time consuming was about 2 weeks between contract and closing when we were dealing with getting our mortgage finalized and we had to track down a ridiculous number of financial documents. Although I think I was doubly stressed because this was over the holidays when a lot of people weren’t working regular holidays and my husband was off visiting his parents (this was before we were married) so he was doing things remotely.
So yea– if you find the right house fast you can totally do it. But I don’t think you should set a deadline. I’d just start looking and if you find something you love, great. If not– wait until you do.