Property Purchase Timeline

[Ashley Cote]

What does your timeline look like when purchasing property? How early do you get pre-approved, when do you start making offers, etc?

I'm looking to buy property in a little over a year, so I was just curious what your timeline looks like from the searching for property stage to actually buying.

[Oscar Pinto]

Get preapproved first, this tells you what you can afford and how much cash you need just to close.

Once you have funds ready start searching for properties. 

Once you find some that make sense start making offers. Make the offers quick and make many. Just because you make an offer doesn't mean you are buying it. Just because they accept doesn't mean you are buying, the home still has to pass many more inspections.

If you are thinking of buying next year it is most likely because you don't have the cash ready. Maybe consider lease with option to purchase.