A friend and I are both looking to move soon, are thinking of renting an apartment, and have started looking for places. Up until now, I was just thinking of renting, but seeing a condo I kind of liked, got me started thinking about maybe buying. I’ve never owned a home in my life, and have only rented. I don’t want to say I’m seriously considering buying a place instead, but its something I’d like to find out more about.
In the condo scenario, I’d buy the place and charge my buddy rent to live with me. We’d have a “gentleman’s agreement” that he’d stay for a year or so, just like it was a lease. I wouldn’t even think of buying a place I couldn’t afford by myself without a roomate if I had to, but I may consider getting a place that would be cutting it close if I were to go solo.
The thing is, we’re shooting for a move in date of September 1, or maybe even earlier. As for today, I am at absolute ground zero as far as finding a place, besides looking at online listings a bit. Is it at all feasable to complete the home buying process all the way to being moved in less than a month? Or, would I be wasting my time even thinking about buying?