The home-buying journey is thrilling but can take longer than expected, especially if you need to restart after a purchase falls through. So, how long should you plan for? Generally, you can expect the process to take around four months, divided into three main phases: the search, the offer, and financing.

Phase 1: The Search

Finding the right home is a major step that often takes the longest. According to the National Association of Realtors, most buyers spend between four and ten weeks searching. Internet-savvy buyers usually take closer to ten weeks, while those relying on in-person tours tend to take about four weeks. Giving yourself at least three months for the search allows you to explore all options and find a home that truly fits your needs. Working with a real estate agent can make this process more efficient, as they know the market and can help you narrow down your choices.

Phase 2: The Offer

Once you’ve found the right home, it’s time to make an offer. If the seller accepts your offer without any changes, this can happen in a day. However, in many cases, you may need to negotiate, and the seller may request adjustments after the home inspection, which can extend the process. Your real estate agent will help negotiate terms, making sure your interests are protected while aiming for a quick agreement with the seller.

Phase 3: The Financing

Financing is typically the last major step before closing, and lenders recommend allowing 30 to 45 days for this phase. This “time to close” allows the lender to appraise the property and complete the underwriting process to ensure you’re financially prepared for the loan. Pre-approval before your home search can speed things up by one to two weeks, demonstrating to the seller that you’re ready to move forward.

Once you receive “clear to close” from underwriting, your lender will send the Closing Disclosure documents for review. Legally, you’re given three full days to go over these documents before the final signing. After closing, with all documents signed, the keys are yours! The home-buying process involves a lot of steps that each take time, so being prepared and allowing flexibility is key. By working closely with a real estate agent, you can streamline the process and confidently move toward finding and securing your dream home.