First time home buying question?

Answers:3   |   LastUpdateAt:2012-10-20 23:49:02  

Asked at 2012-09-05 02:51:06
I am a first time home buyer and have been launched prequalification and pre-approval for a mortgage loan Wellsfargo so now I'm starting to look at houses online and such so my question is .. if I make an offer on a house there a period of time when I have to move in by ? My contract expires in three months and I have informed them ( I can go month to month if I have not found anything by then ) so I'm thinking if I can make offers of housing but now it will not happen to them for 2 months? or whatever it is unusual to have a delay of 2 months, if an offer is accepted ?
Answer1ReneeAnswered at 2012-09-09 03:57:03
Quite possibly take 2 months to close . MedlinePlus Remember that you have made home inspections , and if something goes wrong , it will take time to fix them before buying . MedlinePlus And ... a homeowner will be willing to wait until the date of sale . MedlinePlus You can always leave your apartment early, as long as you pay until the end of the lease .
Answer2kanishaAnswered at 2012-09-09 22:15:02
saying you are a beginner , it is irrelevant . Yes, 2 months is very fast , but it is possible
Answer3Wenny12Answered at 2012-10-20 23:48:38
The whole process usually takes 6 to 8 weeks from the time you put in an offer for the day to end , so you can safely estimate that there will be moving into the new property before the 2 months is over . The defined time frame really depends on processing skills of your lawyer and the seller , and the reliability of the bank or lender you are getting your money . If you have been pre - approved for a mortgage by your lender and your credit is good , you can expect a smooth process of candles . You can always ask for updates from your attorney on how advanced it is, and if it seems too fast , the end date of call you and the seller agreed to follow yet .
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