(Closed) What was your homebuying timeline–from deciding to look at houses to closing?

posted 7 years ago in Home
Post # 17
Member
7310 posts
Busy Beekeeper
  • Wedding: October 2011 - Bed & Breakfast

@MM423:  You’ll be fine. 🙂 Just remember to be picky about the things you can’t change, and the things that require a huge chunk of change to alter. Be picky about your location. Make sure it’s the neighborhood and commuting distance you want. Make sure it’s an area that has historically held or increased in value, rather than one on the margins or in a contuinual downslide. Be picky about the quality of the construction. If it’s a newer house that already has leaks near the windows or whatnot, what other problems will you discover in the next few years? Be picky about the general floorplan and room sizes. Adding square footage is a pricey investment that you will likely lose money on. Be picky about hearing street noise or having neighbors with trashy yards. Don’t be so picky about worn brass door knobs, yucky carpets, ill-advised paint colors, etc. Those are easy fixes that will only set you back a few grand over the years. Try to look at the big picture and think about how a house will work for your life plans in 5-10 years. When you do that, you’ll be happy with your final decision. And try to enjoy the process. I found it to be torture because I am not a patient person. But if you can enjoy the process, I am sure it’s a lot easier.

Good luck!

Post # 18
Member
827 posts
Busy bee
  • Wedding: May 2012

Depends on how long it takes to find the house/how motivated you are to move!

We started looking on Aug. 5th and we are closing on our house on Oct 19th!

We put the offer in on the house on August 16th though, so we found our house very quickly… but we decided to wait a while to close.  We can’t wait to move in next week!

Post # 19
Member
78 posts
Worker bee
  • Wedding: April 2013

we started going to open houses in june 2011 to try to get an idea of the market before we had a budget. bad idea in hindsight. we contacted our realtor in november 2011 and talk to our banks mortgage specialist about what we could afford. no  preapproval since they only last so long and ee didnt know how long it eould take us. september 2012 we finally put our first offer in on a place. go back and forth for 2 weeks but cant agree. let it sit for 2 weeks. today we heard they accepyed a verbal offer very close to our last one but havent signed contracts. so, we went for the stea bit gavent heard back. so, 11 months of serious looking and nothing yet. to be fair though weve had quite the wishlist and have been looking in our small desirable town, with a money and propery value situation much like that of lovekiss. what we ginally put an offer in on was perfect in every way, except a half mile further than we wanted (which means i cant walk to our commuter rail station anymore), and its stuck in 1968, wood panelling and colored bathrooms and all.

Post # 20
Member
10363 posts
Sugar Beekeeper
  • Wedding: September 2010

It depends on your market. Dallas still has a pretty healthy market with tons of properties available. Where we are there is very little inventory because so many people are still underwater from the bubble and thus very few people can afford to sell…meaning lots of buyers and nothing to buy. We’re in the midst of very competitive multi-bid and all-cash buyer hell. We are continually losing out despite bidding 10-15% over asking.

It took us about a week to get pre-approved, we already had a realtor in mind, so that was pretty instant. I know people that have been trying to buy for over a year here, so god knows when we’ll actually get to close on a place.

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