Sellers typically respond to an offer within 24 to 48 hours .

Before you start touring homes, you must establish your budget and secure a mortgage pre-approval. This step is essential in competitive markets to prove to sellers that you are a serious and qualified buyer.

Searching for the right property is often the most time-consuming part of the journey. In 2026, the average homebuyer spends roughly actively touring homes before finding one they want to buy.

Obtaining a mortgage pre-approval letter usually takes 1–2 weeks . You will need to gather documents such as tax returns, pay stubs, and bank statements for your lender. Phase 2: The House Hunt (10–12 weeks)