Are you thinking of moving? If so, you are certainly not alone. Roughly 35.5 million Americans move every year.
Thinking about buying a house in Texas? With a population of nearly 29 million, there are some great areas in Texas, and you may want to consider moving to Texas.
Buying a home doesn’t have to be complicated. With the right planning, you can enjoy your move and your new home in Texas. Check out these essential tips to help you buy your next home.
1. Do Your Research
Before you can start, you need to find out what you want. Have you searched online for the area you want? Do you know what neighborhood?
To make buying a home easier, you need to narrow your search as much as possible. If you have children or plan to have children, you need to think about school districts. Do you want to live in a city or in a suburb?
Do you know your needs versus wants? How far do you want to commute to work?
These answers will help you figure out the areas for your search. It’s also important to get other opinions if you are new to the area. Ask your co-workers or real estate agent for their thoughts on areas.
2. Assess Your Finances
After you narrow down the area, you will have to know your budget. Do this before you begin searching for homes.
Do you know your credit score? You should get your credit report to see where you stand and make sure everything is correct.
Create a budget to figure out what mortgage payment you can afford. To help you stay comfortable, your mortgage should be around 28 percent of your monthly income.
3. Get Pre-Approved
You should contact a lender to get pre-approved for a loan before you get into your search. This lets you know how much you can afford.
Being pre-approved is necessary to make an offer. If you are a first-time buyer, ask your lender about various programs. Be sure you talk to a few lenders to make sure you are getting the best rate and terms.
You should shop your mortgage for the best deal just like you would for any other large purchase.
4. Make a List
Now it’s time to narrow down even more. Make a list of your needs versus wants. This list should be pretty detailed.
How many bedrooms do you need? Plan ahead for the future if you plan to have more children or expand your family.
Remember that location and property cannot be changed, but you can change some of the interior.
After you have your list divided in need versus want, rank your wants. This will be helpful as you start your search.
5. Find a Real Estate Agent
This is probably one of the most important steps in buying a home in Texas. You need to find a real estate agent.
You don’t have to use the seller’s agent. Your real estate agent represents you and your interests while you purchase a home.
An agent can help you with your search. They know may know about listings before they even are on the market.
An experienced agent can help you find a home in your price range, and they will probably know if a house is overpriced to help you with the negotiating process.
You can ask for referrals from family, friends, or co-workers. If you are new to the area, you can look up an agent’s information on the Texas Real Estate. You can see previous sales.
Check out various ratings on the internet. Contact a couple of agents and see how they respond. You want to make sure they know the market and you feel comfortable.
You want an agent that is an expert in their area. For example, if you are moving to San Antonio, you want to look up and find the best real estate agents in San Antonio.
6. Start Going Through Properties
Now is the fun part. It’s time to schedule showings and check out some Texas houses. You should take notes, so you can remember things you like and dislike about properties.
Be sure to stick with homes in your budget. You don’t want to just be curious and fall in love with a house you cannot afford.
Take a look at the neighbors. Do they take care of their property? You should also make sure you have enough privacy.
Check out the storage space. This is another thing that can be hard to change. Make sure there is enough room for all your stuff.
7. Make an Offer and Get a Home Inspection
Once you start looking at Texas real estate and find the home of your dreams, it’s time to make an offer. Your real estate agent will help you come up with a strategy for negotiation.
You will have to list any contingencies of the offer and other conditions. One of these contingencies is the home inspection. You will want this inspection to make sure the home is in an acceptable condition.
If there are any issues found in the inspection, you will make up a new offer and ask the seller to either fix these problems or lower the price. Once you have both agreed to terms, the house is yours.
Have Fun Buying a House in Texas
Texas is a great state to live and work. Buying a house in Texas should be fun and with the right agent and research, you can find the home you always dreamed of. Remember to set your budget first and stick to it!
Looking for even more advice? You’ve come to the right place. Keep perusing to find more advice on buying a home and other “how-to” articles.