BUY YOUR DREAM HOME

The timeline for buying a home can vary depending on several factors, such as the local market conditions, how quickly you find a home you love, and how long the financing and closing processes take. On average, from the time you start searching for a home to the day you close on the purchase, it can take anywhere from 30 to 90 days. The search process can take a few weeks to a few months, depending on your preferences and the inventory of available homes. Once you make an offer and it’s accepted, the typical closing process takes about 30 days. At BUCH Realty, we’ll guide you through every step, helping streamline the process and keep things moving smoothly. 

 There are several key factors to consider when searching for the right home:

• Location: Think about proximity to work, schools, public transportation, and amenities like shopping, dining, and parks. You should also consider the future development plans in the area.
• Budget: Be clear on your budget, including your mortgage pre-approval amount and any other costs associated with buying, such as property taxes, insurance, and maintenance.
• Size and Layout: Consider your current and future needs. How many bedrooms and bathrooms do you need? Do you require a large backyard, office space, or room to grow?
• Condition: Decide whether you prefer a move-in ready home or one that might need some renovations. Older homes might require more maintenance, while new builds typically come with warranties.
• Resale Value: Even if this is your forever home, it’s important to think about the resale value. Is the neighborhood growing? Will the features of the home remain attractive in the future?

We’ll work with you to evaluate these factors and find a home that fits your lifestyle and long-term goals.

 Getting pre-approved for a mortgage is a crucial first step in the home-buying process, as it helps you understand how much you can afford and shows sellers that you are a serious buyer. Here’s how the process typically works:

1. Choose a Lender: Research lenders or ask us for recommendations. You can choose from banks, credit unions, or mortgage companies.
2. Gather Your Financial Documents: Lenders will require documentation, including proof of income (pay stubs, tax returns), credit history, bank statements, and information on any outstanding debts or loans.
3. Apply for Pre-Approval: Submit your application to the lender. They’ll evaluate your financial situation, including your credit score, debt-to-income ratio, and overall financial health, to determine how much you can borrow.
4. Receive Your Pre-Approval Letter: Once approved, you’ll receive a letter stating how much the lender is willing to loan you. This letter will give you a clear budget for your home search and strengthens your position when making an offer on a property.

Pre-approval usually lasts for 60-90 days, so it’s a good idea to start this process when you’re ready to begin your home search.