Helpful Tips on How to Buy a Home

Despite the ups and downs of the real estate market, housing still remains a good long-term investment for most home buyers.  Homeownership offers tax benefits, builds long-term wealth, and provides security and shelter to its owners. 

Here are some helpful homebuying tips:

1. Stay within your homebuying budget.  Make sure you can really afford the home you plan on buying. The rule of thumb is that you can buy housing that runs about 2.5 times your annual salary, but you’ll need to take into account your debts and other obligations as well.

2. Get pre-qualified or pre-approved for a mortgage loan. Getting pre-approved (as opposed to pre-qualified) can save you time with your home search and show a seller you are serious when you submit an offer.

3. Determine how long you plan on staying put.  Unless you plan on staying for at least a few years, buying may not be right for you at this point in your life.  You’ll need to factor in the cost of buying when you consider the expense of buying a home - that includes your closing and lending costs.

4. Get professional help from a realtor.  A buyer’s agent will have your best interests at heart and guide you through the entire homebuying process. 

5.  Hire a home inspector.  An inspector will check the house from top to bottom to look for potential repairs and problems that may cost you money later.

Here’s why a TEXAS CAPITAL PROPERTIES Agent is right for you:

• We are knowledgeable of local neighborhoods, schools and market conditions.
• We utilize the latest technology to provide you with the latest listings and resources available.
• We are professional real estate agents specializing in buying, selling and leasing.
• We are connected to a wealth of reputable lenders and vendors to help you with your homebuying needs.

Contact us today for a FREE VIP Buyer Search of homes in Austin, TX or Houston, TX.