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Again, it is all depending upon many factors, What you are looking for and the budget you have. Available inventory in your price range, sellers circumstances, how far along you are in determining where you want to look and live. My home in NY took, exactly 1 day from seeing it to contract. We knew what we wanted to spend, which is very different than what they tell you, you can afford and we knew the area we wanted. We saw our home at 3 p.m. and the very next day were in contract with our accepted offer.
We did our homework and eliminated areas we could not afford, or just did not want, based upon our priorities. We made a list of musts or deal breakers, then wants and negotiable. We had a very narrow search area and if necessary had decided that if we saw nothing we liked we would give it a rest for a while. The other thing was had an agent that was local to the area, who knew her stuff as she had worked at the agency for a while and was listening when we told her we were serious buyers who were ready to make an offer on the right house. We told her this was our budget and not a penny more, and that we were very emphatic about our must haves and negotiables and that we were not interested in wasting either her time or ours in seeing homes that did not fit. The minute we saw our house it had all our musts and then some of our wants. Done deal.
I started in 2011 and am still looking. Had unsuccessful bidding wars in Great Neck and Port Washington. Did not even attempt to bid in Manhasset, that seems to be the craziest market in the North Shore, decent houses go into contract so quick.
I'm in no rush, don't really need to move until my current 2 year old needs to start kindergarten.
Meanwhile, I'm enjoying living in Brooklyn for as long as I can before I join suburban purgatory.
I had an easier time buying my condo in Dumbo in 2007 during the peak of the real estate craze, but I was also a more motivated buyer back then.
Looked for houses for about 4 months, found one we liked but we got outbid. Tried another house we both liked we put a full price bid this was back in April 2003, closed on the house July 9th 2003. Living here 11 years. BTW we bought the house before we got married. We were engaged 1 year at the time of purchase got married 2 years later.
For both of my purchases the 3 month time period seems right, from accepted offer to closing. Good luck.
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