By the Kent Redding Group
AUSTIN, TX. – How long does it take to buy a house? The answer to this question depends on a variety of factors including your location, interest rates, demand for homes, and of course your ability to get pre-approved for a mortgage loan.
Depending on these factors it could take anywhere from 14 to 60 days from contract to close, but it could also go a quickly as 45 days from contract to close depending on the criteria mentioned above.
In this article, we will provide you with several insights into the home buying process that will make it easier for you to purchase a home.
Getting pre-Approved for A Mortgage Loan
This step is essential during the home buying process because once you have been pre-approved you will have the ability to go out and start searching for a home.
To speed up the pre-approval process you should check your credit right now and pay down old debts so you can be pre-approved for a higher mortgage loan amount and buy the Austin Texas Home of your dreams.
Finding the Right House
Once you’ve been pre-approved it can take a while until you find the right home that you want to submit an offer on.
Many home buyers see up to 10 homes before submitting an offer so the best thing to do before you start your home search is to decide on the criteria for the home that you’re searching for since this will make your agents job of finding the right home easier for them.
- How many bedrooms do you want the home to have?
- Square feet of the home?
- Lot Size?
- Age of home?
Closing the Deal on Your Dream Home
Let’s say that you’ve finally found your dream home, did you know that it can now take up to 30 days or more for the lender to approve the purchase of the home due to the home appraisal?
During this time while the lender is doing their due diligence you should also be doing your due diligence as well by reading property disclosure statements and hiring your own home inspector just to make sure that you’re not going to buy a home that you will ultimately regret.
Hire an Austin Texas Realtor®
To get started with searching for an Austin Texas Home contact the Kent Redding Group today by calling us at (512) 306-1001 or click here to connect with us online.