# Search runway

How many months the search money lasts before you are out of time.

Almost everything a [searcher](https://searchspheresource.com/glossary/searcher) decides is priced in months. It sets how many targets you can afford to walk away from, how long a stalling seller can cost you before you fold, and whether a deal that dies in diligence ends the search or costs a quarter of it. A buyer who runs short takes the deal in front of them, which is what a thin runway costs. Count living costs, deal costs and a buffer for one dead deal, then add the months a close actually takes after a signed [letter of intent](https://searchspheresource.com/glossary/loi).

In numbers: Save $90,000 against $5,000 a month of living and deal costs and the runway is eighteen months, which buys one full search and no second one.

Source: https://searchspheresource.com/glossary/search-runway
Not dated: A definition is editorial: what a term means, why it matters, and an example. None of it reads a source that can go stale, so there is no date to take and a stamped one would be the build time wearing a costume.

Site index for machines: https://searchspheresource.com/llms.txt