How Long Do Property Searches Take?

Do you know how long your property search will take? While it’s true that you shouldn’t rush the process if you want to find the best possible place, many people make the mistake of believing that their search will take as long as they want it to. In reality, the number of factors can determine how long your search lasts, and these factors are not always under your control.

Types of properties

The type of property you choose has a big impact on how long your search will take. Typically, houses are easier to locate than commercial properties and it takes more time to find appropriate land than it does commercial space. It’s also worth remembering that factors like location and price point can play a role in how long your search takes.

In many places, luxury homes can be sold out before they even hit the market, meaning it’s important to get everything in order quickly or you might not have much choice over where you live for a while.

When you move in

Buying property is a big decision. The length of your search will depend in part on how quickly you make up your mind, and how much time you dedicate to making it happen. Once you’ve found a house or apartment that you want to put an offer on, things tend to move very quickly:

there’s no obligation for either party buyer or seller until both parties sign an agreement, at which point many buyers find themselves under pressure to proceed more hastily than they might like. If you take your time with things, though, there are plenty of other factors that can make it difficult for buyers: fees, slow sellers, and wait times for mortgage approval can complicate matters even in a hot market.

When you move out

What if your place isn’t ready? Put your stuff in storage. Two months should be enough time to find a new apartment and settle in. If you have to stay longer, check out extended-stay hotels.

They’re great for a short-term stay but only if you’re planning to stay a month or less; at that point, it starts getting pricey. You can find cheap deals online (prices start at about $100 per week) or through discount sites like Hotwire, Priceline, Expedia, Orbitz, and Travelocity.

Buying a property

As with all things, it depends. While there are no set answers, there are a few factors you can use to gauge your search based on past experience and current market trends. The biggest and most important factor is what kind of property you’re searching for. If you already have a general idea, then it’s easier to calculate how long your search will take: location price point a number of properties in your area which fit that bill.

Renting a property

After months maybe years of searching for that perfect place to rent, you finally find it. You call and set up a viewing. You walk through and fall in love with it. But then there’s more work to do. A lot more work.

The first step is submitting an application, but there are a few things you should know before you do so, and often times they aren’t what you expect applying can be costly Eviction and background checks can be extensive Finding out if your credit score is high enough may take some time and out how long each step takes when renting a property.

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