When should we start physically looking at homes? How early is too early?

Reblogger John Cannata
Mortgage and Lending with 214-728-0449 http://TexasLoanGuy.com NMLS # 322646

This is an excellent post written for those buyers who are not sure when they should start looking for a home. The Christian Team does answer the question, but honestly there is no exact timeline for when you should shop for a home.

It is best to shop for your mortgage first and THEN go look for your home. From there, it really depends on when you find the home for YOU. The question is when will YOU be ready to move? If you dont leave yourself enough time to shop for the right home, you could find yourself settling on something you can 'work with' but don't truly love.

This post still address the question and is insightful.

Original content by Amanda Christiansen

I got a call last week from a really nice couple that is considering buying a home in the Fort Wayne area.  They are first time home buyers, and they didn't have a clue where to start, so they called me.

That's the perfect place to start!

After asking them a few qualifying questions I found out that they weren't working currently with a Realtor, and that they did talk to a lender and got pre-approved for a mortgage.  

I also found out that they weren't going to be ready to actually purchase a home until September of this year.  

Since most of the homes that are currently on the market are going to be long gone by the time they are ready to buy, I recommended not physically viewing homes until late July to early August.  

I found out what they wanted in a home and the area that they wanted to live in, and I got them set up through our MLS to receive emails when homes that matched their criteria became active.  I encouraged them to keep an eye on the market and I will send them reports on homes sold in their desired area.  

I went on to explain the time frames for different types of loans...

FHA Loan:  This is the most common type of loan that most buyers use.  It normally takes 30 - 45 days to close these.  

Conventional:  I've had conventional loans close in 15 days, but I like to write them for 30 days just to make sure we have enough time.  

USDA:  This is a 100% loan for rural areas around Fort Wayne, and these normally take 60 days to close.

VA:  This is a loan for our veterans, and they normally take 30 - 45 days to close.

Since they are FHA buyers, looking at homes in late July or early August gives us enough time to find the right one and close it in September.  

 

The Christiansen Team.  Real People.  Real solutions.  

REALRealEstateFortWayne.com

Century 21 Bradley Realty Inc in Fort Wayne, Indiana is one of the top 5 selling Century 21 offices year after year after year...

Text JARED to 260.493.3519 for your own personal mobile app!  Search for homes right from your smart phone.  It's free and exclusive to Century 21 Bradley agents and their friends and clients.  


They didn't help us a find a house.  They helped us find the RIGHT house.  Kerry & Alice

They assured us that they could sell our home quickly.  Then they did.  Chris & Audrey

They listened to ME.  They made it about ME.  I love them!  LaToya

I was scared that I wouldn't find the right home.  With their help, I did!  Patti

They didn't EVER try to upsell us or push us into anything.  They were patient.  Meg & Robert

They treated us like millon dollar clients, even though we weren't!  Shawn & Kevin


                                   

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Ambassador
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Paul S. Henderson, REALTOR®, CRS
RE/MAX Northwest. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

Now a days, you can search for houses anytime. When you involve an agent you should be in the final stages of buying. Get preapproved so your not searching in the wrong price range and by all means keep up a healthy credit score...

Feb 22, 2013 02:09 AM #1
Ambassador
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1~Judi Barrett
Integrity Real Estate Services 118 SE AVE N, Idabel, OK 74745 - Idabel, OK
BS Ed, Integrity Real Estate Services -IDABEL OK

It is awesome that the clients are listing and aere getting ready for a home buying trip and are getting ready for the next steps.

Feb 22, 2013 11:46 AM #2
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1,207,209
Amanda Christiansen
Christiansen Group Realty (260)704-0843 - Fort Wayne, IN
Christiansen Group Realty

Thanks so much for the re-blog my friend! 

Feb 22, 2013 09:40 PM #3
Rainmaker
840,774
David Popoff
DMK Real Estate - Darien, CT
Realtor®,SRS, Green ~ Fairfield County, Ct

Great re-blog, first two questions, 1. are you working with a Realtor...2. are you preapproved for a mortgage.

Feb 24, 2013 10:10 PM #4
Rainer
284,476
Doyle Lee Austin Davison Iv
Surf City Realty 714-968-6767 - Huntington Beach, CA
28+ years serving Investors Banks Buyers-sellers

I show clients homes no matter what.. approved, pre-approved conditionally or not... thats all I have to do is make one quick call to a good lender and it's game on. 1003 and RPA and a deposit check and I''ll have you packing for your new home.

Jan 07, 2015 12:50 PM #5
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John Cannata

Texas Home Mortgage - Purchase or Refinance
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