Step 7 of 48 Phase 1: Visualize Home Ownership
1.7 Your Timing
Determine your ideal timeline for moving and buying a home.
Key Questions to Consider
- When does your current lease end?
- Are there seasonal factors to consider?
- How quickly can you save for a down payment?
- Is there a deadline you need to meet?
Common Mistakes to Avoid
- Setting an unrealistic timeline that rushes important decisions
- Not planning for lease overlap - you may need to pay rent and a mortgage simultaneously
- Ignoring seasonal market trends that affect prices and inventory
- Forgetting to factor in time for inspections, appraisals, and potential delays