how long does it take to buy a house

Often, there is much debate in Internet on many question, but how long does it take to buy a house seems to be an accord final in 12 weeks. On the surface it seems very fast, however, is only part of the how long does it take to buy a house story. The average individual experiences can vary extensively, but it is also critical to exclude an important step : find a house you want to buy and have an accepted offer .

In consequence, in the first place in our first series of how long does it take to buy a house, we thought we would see how long does it take to buy a house.

Step 1: Find a house (12 weeks)
This is likely to vary the most. How long it takes to find their first home will depend on a number of factors :

- When you are looking
- What you are looking for
- The amount of work you want to do at home
- The urgency with which you need to move
- If you are willing to compromise on their wish list
Everyone wants to beat the market. We all love the location offers ideal space and privacy with room to expand at an affordable price, but in reality, these occasions are rare. Equally important, his character and what he wants from the house you live in the next five to ten years are very important in the search of the house. Understand and be willing to settle for something that is not as good in some ways you might like , you will find something to buy that little bit faster. Some people are happy to ignore the points of engagement, others are happy to work on the house later, and others want to move into your perfect home. Which category crises could affect how long does it take to buy a house that you are willing to bid on . On average, it takes 12 weeks to find a new home.

Of course, once you have found a place that you must negotiate . This should be a relatively short period of time - as long as you do not try to bargain hard ! Although if you want to negotiate , do not forget to mention that you are a first time buyer.

Now we know what you think . " But the whole process is only supposed to take 12 weeks! " Well , actually it is an estimate of the time it takes to go make an offer to move in. This shows you can not trust to read everything on the Internet.

Step 2: get a mortgage  (4 weeks)
In theory, since you are dealing with a bank and a lawyer at this stage of the process should be relatively fixed in their calendar . Then at least know that there are newly created at the end of the cellars . You can also ensure that the process is already underway through:

Choosing a mortgage provider and a lawyer when you start looking for a home
The development of how much you can pay each month before going to your chosen bank or building society
Get an agreement in principle (AIP ) with them before making your offer
All this means that the bank will have an idea that you are able to pay a mortgage, you have checked your credit history, and , theoretically , they are happy to lend you the money you need. It also means that you will be able to go directly to the main phase of the application.

We said that , in theory, this period should be relatively fixed , although the type of investigation to build at this time could have an effect : are much more comprehensive reports that the "investigation buyers and property report evaluation ( HBSV ) . Some people complain that lawyers convayancing take a lot longer than I thought it would be . This may be true , but the important thing is not to wait until everything is done in a week . is also important to ensure that you provide your lawyer and mortgage provider with everything they need to ensure that the process moves as efficiently as possible.

Step 3: exchange of contracts  (4 weeks)
As you guessed , it is ultimately where you and contracts with suppliers. The reason it takes some time , is that every game has to go through their solicitors or conveyancer . At this point, you might feel a little out of the loop, since the two teams of lawyers communicate directly . If you encounter this problem, then it is important to note that most lawyers will be happy to answer the call from time to time , or talk to their real estate agents to hunt for you. This is also the time when your lawyer will check on the little things, like if the seller actually owns the house . Delays here often come from small but significant detail : a lost title, or if everything is included in this work - a garage , for example, can have a separate action. This is also the point that you need to pay your deposit , so make sure you have it set aside to avoid delays and remember that the most direct debit transactions require several days to complete the transfer .

Step 4: Make the sale  (4 weeks)
The fact that contracts have been exchanged, you can always switch to your new home. When you come to sell your home for the first time you realize that it's just to the point where it is recommended to start packing , so that you can be able to move immediately , the current occupants need time to move. Apart from your bank must still send through your mortgage, the elimination of men should be contacted tidy things without breaking, complex securities , and all other things that make buying a pleasure at home . All this means that it usually takes about a month between exchange of contracts and key exchange.

The chain
The chain is the scourge of buyers and sellers around the house . This is also what might be introducing greater variation in the process of buying a home . As can be a first time buyer , you do not need to worry about the chain behind you and what are the catalysts to move consistently throughout the chain of home buyers . This is what makes first-time buyers as important to the housing market . That said, there may be a line of five , six, or maybe twelve households against the person selling the house you want to move out of the chain into.Any right now could end your chances of buying the house and even if all goes well they all still have to complete their paperwork, continue their lawyers, and finally complete your purchase before you can make it yours. This can add a lot of time for the process , usually in steps 1 and 2.

So, unfortunately , we can not give an exact time . But we can not give you an idea of ​​how long to make the process of buying home about six months to start looking to move in. This is a long time , so do not worry that things seem to drag a bit . Someone somewhere has to take the process for you. The good news is that you can produce fast movements , and if you 're in a hurry , informing on their realtors emergency will greatly reduce the chances that the delays will start to look for suitable housing .

If you're bothered about something to take too much time, the best thing you can do is ask . As first-time homebuyers , people do not expect you to know everything, if a polite inquiry could help keep it all goes together.