One of the questions you might ask your residential real estate agent is how long it will take to buy a house. Most homebuyers want to know how long the process takes, yet the answer depends on many factors. Here is a breakdown of the timeline you must follow when buying a house.
Preparing for the Purchase
While some people do not include the time they spend preparing for a home purchase, you might want to consider this time. Preparing for a home purchase might take a few months or years, depending on your situation. If you are ready to buy a house and do not need to prepare, you can start the process right away.
Choosing an Agent
The next thing that might take some time is choosing a real estate agent. If you already have one, you will not need to spend time finding one. If you do not have one, you can start looking for one now. You can interview a few real estate agents before selecting one, but you will need to choose one before you move on to the next step.
The next step is viewing homes for sale. When you begin viewing homes for sale, you might need to look at a few or many, depending on your needs and the market. If you spend a lot of time researching homes before scheduling showings, you might only need to see a few. If you do not research them a lot, you might need to see more.
After you find the right home, you can move on to the negotiation stage of the home-buying process. During this stage, you will work with your real estate agent to reach an agreement on a home with the seller. This process might be simple or complicated.
Working on the Closing Steps
The next thing you will need to do is to work on the closing steps. When you reach an agreement with the seller, both parties will have steps to complete. These steps typically take at least a few weeks to complete, but they might take longer if you procrastinate at all during the process.
If you hurry through the process, you might be able to close on a house within a month or two after making the offer. If you take your time, the process might take a lot longer. You can learn more about the process by speaking with a local residential real estate agent.
Contact an agency like The Dave Hooke Team: Keller Williams of Central PA to learn more.