How Long Does it Take to Find a New Home?

(October 24, 2013 , posted in Buying Your Home)

If you're planning to look for a new home sometime in the future, you may be wondering how long the process will take. How much time should you set aside for viewings? How many of the listed homes should you see?

Of course, the process varies from person to person. According to the Department of Housing & Urban Development, home buyers view an average of 15 properties before finally choosing to make an offer
on one of them. That number may be a good benchmark for you. On a Saturday afternoon, you can comfortably look at three or four potential properties. You can see more if you want to make a full day of it.

One factor that impacts the home shopping process is how clearly you know what you're looking for. For example, if you're certain you want a two bedroom condo, on a quiet road, in an upscale neighbourhood, then the process is going to be fairly simple. You're just going to view properties that closely meet that criteria. 

But if you're the kind of person who simply says, "I'll know it when I see it", then you'll need to look at lots of homes on the market. That means carving out plenty of room in your schedule for viewings.

A good REALTOR® can help you understand what's available on the market and which homes are worth seeing. He or she can also help you determine how long the process will likely take, and show you ways to make the process go more quickly and smoothly.

Looking for a good REALTOR®? Contact me without delay!

My business grows by building strong client focused relationships. I would welcome the opportunity to answer any questions about the real estate market that you may have.

If you would like to find out how much your home is worth in today's market, to discuss listing your home or buying a new home, please contact me on 604.781.5692 or via email - tim@timwray.ca 

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