The house hunting process is an exciting time, but it’s also one that brings to mind numerous questions for new buyers. Knowing where to turn can make the process easier and more enjoyable. Here, RE/MAX First Choice-JoAnn Meier shares helpful insight on some common real estate questions.

What New Real Estate Buyers Often Ask

1. How Long Does It Take to Buy a House?

There’s no precise formula for much of the house hunting process, and the time it takes to buy is no exception. Several factors can affect this timeline, including the housing market, the time of year, whether you’re willing to compromise on property features, and your planned relocation date. However, buyers who are actively looking typically spend an average of 30–60 days searching before moving forward with a contract; between the hunt and the closing, the process can take anywhere from three to six months.

2. How Do I Start House Hunting?

To start looking at houses, you first need to determine what you can afford. Lenders typically advise buyers to look for homes costing no more than three to five times their annual income. Getting preapproved for a mortgage is the best way to solidify a realistic budget. This will disclose how much you can expect from a lender and provide helpful information about the price range of homes to focus on.

3. How Do I Pick the Right Real Estate Agent?

The right real estate professional has experience studying market trends, strong negotiation skills, and a vast knowledge of their area. When searching for an agent, start by reaching out to family and friends for recommendations and research the top-rated firms in your desired neighborhood.

4. When Should I Start Looking for a New House?

The right time to look will largely hinge upon a buyer’s finances and credit. It’s also advisable to speak to a real estate agent about current market trends, the amount of competition the area, and the quality of the available inventory. Taking each of these factors into account will help prepare the buyer for the best chance of having their offer accepted.

5. How Many Homes Should I Look at Before Picking One?

There’s no cut and dry answer to this question, as every buyer is different. It all comes down to their expectations, the time of year they’re looking, and the amount of market research they did before beginning the house hunting process. The faster houses sell in a neighborhood, the more you’ll have to tour and put offers on.

If you’re ready to buy a house and need an experienced real estate agency, put your trust in RE/MAX First Choice-JoAnn Meier in Waterloo, IL. Since 1984, JoAnn Meier has been helping clients with everything from finding beautiful houses for sale to selling a house for maximum return. To schedule an appointment, call (618) 939-6003 or visit the website for more information about the agency’s current listings.