Will Hamm, "Where There's a Will, There's a Way!" (Hamm Homes)

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Rainmaker
1,766,686
Lyn Sims
Schaumburg, IL
Real Estate Agent Retired

2 months is not enough time especially in this tight market. They always want it perfect, not paying rent & paying for the house.

Aug 03, 2022 10:54 AM
Ambassador
3,158,329
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

Depends on the market and the level of inventory. They certainly want to be preapproved for a loan and have enough cash reserves to move. 

My sense is longer than 2-3 months. 

Aug 03, 2022 02:42 PM
Ambassador
3,402,694
Anna Banana Kruchten CRS, Phoenix Broker
HomeSmart Real Estate BR030809000 - Phoenix, AZ
602-380-4886

I would suggest they begin earlier than 2 or 3 months. Typically they are 1st time home buyers and don't understand the home buying process. I created a first time home buyers ebook years ago and it was well received by newbies. And of course the first step (after talking with their agent) is being fully qualified before starting to even look at homes.

Aug 03, 2022 10:03 AM
Rainmaker
2,691,332
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

As one lives the renting life, the idea of buying visits with them. It is subjective to be sure but is answered and considered at some point. Once the emotional drive kicks in, followed by the "want to", a type of adrenaline kicks in as they now begin to explore their options, timing, savings & life plans. Simply put: They put legs on that dream. 

Aug 03, 2022 10:08 AM
Rainmaker
7,037,313
Roy Kelley
Retired - Gaithersburg, MD

Even three months may not be enough time in our market.

Aug 03, 2022 01:30 PM
Rainmaker
1,430,371
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

2-3 months and they'll need to be willing to pay to reserve the property until their lease is up or move now and continue to pay the lease at the old place.

Aug 03, 2022 02:23 PM
Ambassador
3,995,764
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

I would suggest that they begin their search 3 months in advance, but it really depends on whether or not they can afford to possibly have two payments at the same time or not.

Aug 04, 2022 04:35 AM
Ambassador
4,743,745
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

I have no clue on this question. I haven't worked with a renter looking to buy for some time. But for some one who does want to buy and is currently renting, I would say they need to start several months before the lease ends. And a pre-approval is a must!

Aug 03, 2022 08:12 PM
Rainmaker
1,056,253
Doug Dawes
Keller Williams Realty Evolution - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Are there stats like that? I've never looked for those. That's why I asked

Aug 03, 2022 05:32 PM
Rainmaker
3,709,436
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Hello Will Hamm around 2 to 3 months.

Aug 03, 2022 04:21 PM
Rainmaker
1,377,368
Gary Frimann, CRS, GRI, SRES
Eagle Ridge Realty / Signature Homes & Estates - Gilroy, CA
REALTOR and Broker

I would say 2-3 months is what it has been my observation and experience with buyers.  

Aug 03, 2022 04:16 PM
Rainmaker
575,106
Diana Dahlberg
1 Month Realty - Pleasant Prairie, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

I think a minimum of 3 to 6 months would be the best move time for a renter to become buyer.  

Aug 03, 2022 09:22 PM
Rainmaker
1,357,642
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

3-6 months in my business, any later and it's too late in San Diego, CA.

Aug 03, 2022 06:52 PM
Rainmaker
999,752
Diana Zaccaro Broker Associate
Tropical Beachside brokered by eXp - Cocoa Beach, FL
"The Accidental Blogger" Cocoa Beach, Florida

Ideally first time buyers would start at least 6 months before but in the real world, they usually wait until 2-3 months. Former owners should start at 3 months in our current market but most do not.

Aug 04, 2022 06:43 PM
Rainer
4,790
Robin Ragle-Davis
Gibson Sothebys International Realty - Cohasset, MA
Serving South Coast Massachusetts

Some first time home buyer loans require a class and a certificate so they should start in time to enroll on and complete that.

Aug 04, 2022 08:24 AM
Rainmaker
816,389
Carla Freund
Keller Williams Preferred Realty - Raleigh, NC
Carolina Life RealEstate & Relocation 919-602-8489

I have no idea. I would guess 2-3 months. I've had some call when they had 9 months left. People sometimes think it is easy to get out of a lease.

Aug 04, 2022 05:40 AM
Rainmaker
4,568,190
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

3 months or more is necessary, but some are not familiar with a typical timeline.

Aug 04, 2022 04:56 AM
Rainmaker
695,437
Tony Lewis
Summit Real Estate Group - Valencia, CA
Summit Real Estate Group Valencia & Aliso Viejo

I would guess that only about one third will ever purchase a house.  I would also guess that those that do will average about a year and a half before beginning their search.

Aug 03, 2022 08:32 PM
Ambassador
5,753,653
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

I wish I knew, seems that it always catches me by surprise when one moves from being a tenant to a buyer.

Aug 05, 2022 11:25 PM
Rainer
308,773
Don Baker
Lane Realty - Eatonton, GA
Lake Sinclair Specialist

Depends on if they are in a lease or month to month.  It's been as little as 60 days as long as 11 months.

Aug 04, 2022 02:03 PM
Ambassador
3,077,230
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

In my experience at least 6 months in advance

Aug 04, 2022 01:44 PM
Rainmaker
596,140
Hella M. Rothwell, Broker/Realtor®
Carmel by the Sea, CA
Rothwell Realty Inc. CA#01968433 Carmel-by-the-Sea

We have a slightly different scenario.  So many people would like to move and live here, and call to explore what they would need. Many end up renting for a year to get to know the area etc.  That means they are exploring their options immediately and it's a year out.  But a whole lot find out quickly that they can't even afford to RENT here/or even find a rental.  My buyers tend to be cash buyers, often second homes and come from other areas.

Aug 04, 2022 01:22 PM