Buying a house is a massive decision, especially if you’re a first-time homebuyer and you don’t really know what to expect. Should you just dive in headfirst and go house hunting the moment that you make the decision? Probably not. There are things you may need to do before you should begin looking for homes.
What to do before beginning house hunting
You’re going to want to get things in order before you begin looking for houses. You should also understand that it can take some time to find the right house. With that in mind, consider your present situation. If you’re renting and you’ve just renewed your lease, now may not the best time. Typically speaking, you should wait until there are around five months left on your lease before you even begin the process.
The reason you need so much time is that there’s a lot to do. For example, you’ll want to get a mortgage pre-approval as well as put together a budget so that you have an idea of what you can afford. There’s no point in house hunting if you’re looking at properties that are out of your price range. You’ll also want to do some basic online research on homes in areas you’re interested in. Put together a list of wants and needs.
All of this can take a month or two. Once you have all the information you need, you’ll want to contact a real estate agent to help with the house hunting process. It can take a month or two to find the right house for you. Finally, once you put in an offer, it could take a month to go through.
Buying a house requires a lot of time and effort. As such, you should give yourself a timeline of five months when going house hunting. For more home buying advice, contact us at Randy Lindsay today.