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This Old House - Do-it-Yourself

How to Buy a House When You're on a Time Crunch to Get Settled

Written by Posted On Friday, 28 April 2017 15:09


The home buying process is one that you don't want to rush. However, there are times when you have no choice but to find a home, buy it and get settled in as soon as possible. Let's look at some strategies that can help you find the right property in a short period of time.

Pay Cash If Possible

When you pay cash, you don't have to worry about getting approved for a mortgage, which can take many days or weeks. You also don't have to worry about losing your interest rate lock or losing the property altogether because the seller is becoming impatient. Like any other deal, you can still insist on having an inspection done on your schedule.

Be Open to Many Locations

While you may not want to live in a particular location, but because time is a factor, you should be ready to buy wherever you find a house in your price range and in a location that you can tolerate. It is important to note that you can always modify your property to make it fit your style once you buy it. Just make sure that the neighborhood that you’re going to be moving into is relatively safe. Otherwise, try not to be too picky if you can’t afford to take more time to keep looking for that perfect place.

Make Use of Your Phone

Your real estate agent may be able to send you important information about a house such as its title status or whether it has a new roof. It may also be possible to ask a real estate agent, such as one from RE/MAX Realty One, to send an offer to your phone that you can sign electronically so that the process can be easier and quicker for you. This allows you to skip steps such as meeting back at your agent's office that may waste more time than you have to spend.

Don't Sell Your Current House

To minimize your stress, you shouldn't feel the need to sell your current house right away. At worst, you can leave it unoccupied until it sells or rent it to make some extra money. Your real estate agent as well as your mortgage lender can help you decide what your best choice is until you are settled into your new home.

While you want to take your time when buying a home, your personal or professional life may not make that possible. Therefore, make it a point to work closely with your real estate agent to cover as many available properties as possible. It may also be a good idea to take the house hunt into your own hands by scheduling showings on your own.

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