Posts from January 28th, 2025

New Leaf Team Blog

Buying A Home | 11 Posts
Home Ownership | 8 Posts
Market Updates | 5 Posts
Real Estate 101 | 3 Posts
Selling A Home | 10 Posts
January
28

If your goal for 2025 is to stop renting & buy your own home, you've probably found yourself wondering when to start your home search so you aren't stuck paying rent & a mortgage at the same time.

And the classic answer to this question is exactly what you might expect: it depends.

As a very basic guideline, we recommend that you start your search 4 to 6 months before your lease ends or 2 to 3 months before you need to renew your lease. This should take some pressure off you and make the process a little less stressful. 

But there are other things to consider as well, such as: 

  • What do your lease terms say about ending your lease early or staying longer? Do you have the option to renew your lease as a month-to-month renter if you don't close on a house before your lease ends?

  • Are you prequalified with a local lender? It's important to remember that while interest rates may be higher than you would prefer, they are actually i...

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