Submitted by [deleted] t3_11ecl9h in personalfinance
gagralbo t1_jadb21v wrote
Reply to comment by FailingDan in I can’t wrap my head around if I can actually afford to buy a home by [deleted]
June 30th is the end of the lease. We have been putting an additional $1700/month into saving to start mimicking the cost/increasing the down payment.
clearwaterrev t1_jadhtuw wrote
Closing on a home usually takes around 30-45 days from the time your offer is accepted to when you get keys to your new home. If you want to have keys to your new home a week or two before your lease is up, then you'd need to have an offer accepted no later than early May.
If you are seriously thinking about buying a home, I'd go get pre-approved, talk to some agents, and start looking at houses within the next few weeks.
gagralbo t1_jadl69n wrote
Thank you! This is really helpful advice
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