Can You Buy a Home Before the End of the Year? Here’s What to Know
October is here, the holidays are approaching, and you might assume you've missed your chance to buy a home this year.
Good news: you haven't.
People buy and sell homes throughout the year, and fall can offer opportunities for buyers who are ready to make a move. If you'd like to be in a new home before the new year, here's what you should know.
Start With Your Financing
Before you spend your weekend touring homes, talk with a lender and get pre-approved.
A pre-approval helps you understand what you may be able to afford, what your estimated monthly payment could look like, and which loan options may fit your situation.
It also means you'll be better prepared to make an offer when you find the right home.
Know What Matters Most
The more specific you can be about what you're looking for, the easier it is to focus your home search.
Think about location, price range, number of bedrooms, lot size, commute, and other features that matter to you. Separate your true must-haves from the things you'd simply like to have.
And remember, cosmetic details can often be changed. Location, layout, and property size are much harder to change later.
Don't Overlook Homes That Have Been on the Market
When buyers see a home that's been listed for a while, they sometimes assume something must be wrong with it.
That's not always the case.
A home may have started at the wrong price, fallen through with a previous buyer, or simply not found the right person yet. Depending on the property and circumstances, a longer time on the market may also create an opportunity for negotiation.
Your agent can help you look beyond the number of days listed and understand the bigger picture.
Give Yourself Time
Finding a home is only the beginning. Once your offer is accepted, there are still inspections, financing, an appraisal, title work, and other steps to complete before closing.
If you'd like to move before the end of the year, starting sooner gives you more breathing room.
That doesn't mean you should rush into the wrong house just to meet a deadline. Your timeline should work for you.
Ready to See What's Available?
You don't have to wait until spring to start your home search. If buying a home is one of your goals, fall can be a great time to explore what's available and learn more about your options.
Connect with one of our agents at Stark Real Estate. We'll help you navigate the West Michigan market, find homes that fit what you're looking for, and guide you through the process from your first showing to closing day.