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7 Steps must know before buying a home. Easy reading blog.

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Our agents write often here, to give you the latest insights on owning a home or property. There’s no easier way to stay current with real estate trends from the people who shape the industry and live it each day.

HOME IS A WAY OF LIVING, NOT A DESTINATION

If you’re wondering how long it takes to buy a home, the answer is it depends on you. On average, a homebuyer can spend a few days going through the initial pre-approval process anywhere from three days to a few weeks/months for shopping for the right home.

Usually, the average time to get clear to close a loan on a home purchase is 56 days as records registered for December 2020.

Time varies according to the loaner it can be between seven days through fifty-six days since the real estate market depends on inventories (highest or lower).

As of April 2021 inventories are showing signs of recovery, with interest rates hovering near 3.5 percent and many considering new options in the wake of the pandemic.

As you look for a new place to call home, you must need to ask yourself if you are ready?

Consider these tips to set you on the right path:

1) Figure out what you can afford.

2) Ask a REALTOR about special programs.

3) Create a Timeline for buying a home.

4) Start a separate home-buying account and set up an automated transfer that moves a portion of each paycheck.