Wednesday, March 8, 2017

How Long Does it Take to Buy a House in Melbourne, Florida?

Buying a house is not like grabbing a five dollar cup of coffee at Starbucks.    Buying a house is a process.  Given the best scenario - cash and contract executed then the process can be completed in a week or two if you throw in a survey and property inspection (both recommended).

But most buyers are not cash.  On top of that the inventory in Brevard County, Florida is not one where there is an abundance of move in ready homes (sellers market).

So what is a real time line for closing the deal in Brevard County, Florida for a non-cash home purchase?

I suggest buyers give themselves forty-five days once a house is found (contract executed) to close.  In a perfect world, even with a mortgage, this could possibly be done in thirty days (motivated, local lender).  Assuming flexibility and availability in viewing properties then another 15-21 days should be added for the search.

Actually, once a mortgage pre-approval is obtained, the major challenge begins - finding the purchase property.

So how long does it take to buy a house in Melbourne, Florida?  At a minimum I suggest at least ninety days and possibly another thirty on top of that!

If you are interested in buying a home within the next six to twelve months it is not too early to call a local real estate agent and lender!  Starting early can minimize some of the stress!

Here are some helpful articles about buying a house in Florida.
Ready to buy a home in Melbourne, Florida?  Call or text me at 321-693-3850 for help today!