Setting a Home Buying Timeline: 6 to 12 Months is Perfect

Buying a home is a big deal and having a timeline will make the process much easier. For most buyers 6 to 12 months is the ideal time to prepare financially, emotionally and logistically for homeownership. Here’s why.

6 to 12 Months?

1. Preparation and Savings: This allows you to save for a down payment, closing costs and any unexpected expenses that may pop up.
2. Know Your Budget: It takes time to figure out your financial situation, get pre-approved for a mortgage and determine how much home you can afford.
3. Research the Market: Whether you’re looking in Milwaukee, Arizona or Florida you’ll want time to research neighborhoods, school districts and amenities to find the perfect fit for your lifestyle.

When You May Need More Time

If you have financial challenges like credit issues, your timeline may need to be longer than a year. For example:

• Improve Your Credit: If you need to boost your credit score it may take months to see real progress. Paying down debt or disputing errors on your credit report takes time but can save you thousands in the long run.
• Build Savings: If you don’t have enough for a down payment or emergency fund, giving yourself extra time to save will make the purchase more secure.

Get Started Now

Whether you’re 6 months or a year away from buying, the sooner you start planning the better. If you’re not sure where to begin let’s connect! I help first-time homebuyers in Delafield, Wauwatosa, Oconomowoc and Mukwonago navigate the mortgage process and create a customized plan to achieve their homeownership goals.

Start your journey today—your dream home is closer than you think!