Ready to Buy a House?
Buying a house is one of the most exciting decisions you can ever make aside from having kids and getting married, of course. But, this is probably one of the biggest purchases you’ll ever make. And, because of that, it’s important to understand as much as you can before diving into the real estate process. I want all of my buyers to feel very comfortable throughout the transaction and learn enough to make wise, informed decisions on what home they want, how to submit an offer, and what to look for when buying real estate. If I were to give three of the most valuable tips to buying they would be:
Get yourself an agent that works just for you.
Obviously, I’d love to be that agent. Many buyers don’t realize that there are typically two agents involved in every real estate transaction, the buyer’s agent and the seller’s agent. That can be the same agent but remember, a real estate agent represents the buyer or the seller and if the same agent is representing both parties, conflicts of interest, fiduciary duty, and whose interest we are really working for becomes an issue. It’s important to have your own real estate agent when buying property and don’t worry, that agent will get paid on the commission from whichever home you choose, so there is zero out-of-pocket costs to pay a real estate agent to represent you.
Understand how much you can afford in a monthly mortgage payment.
Unless you are buying the home with cash, which a lot of people can do, you are probably getting financing. I know it can be tough, but try and resist the urge to look at homes in person before finding out how much you can afford. Finding a house that you love only to discover you can’t afford the mortgage payment only means frustration and discouragement.
Sit down with a lender, and I have a lot of references if you need a good local lender, and discuss your finances in debts. Lenders need to know your income, debts, assets, and liabilities to determine exactly how much home you can afford. Once you’ve applied for a home loan the mortgage officer or loan officer will issue a pre-approval letter seating you’ve already done your financial homework and are ready to buy a house. This letter will be submitted with an offer to prove you can afford the house you are trying to buy.
Have fun and try not to be stressed out.
Submitting an offer only to have it be counter offered or even rejected altogether or perhaps find you’ve missed out on a home that you love can be stressful, and to those people, I would say the more prepared you are to buy, the better your chance of finding the home of your dreams. As your real estate agent, I worked aggressively to negotiate for your terms and your price so that you find the home you really want.
Looking for homes is exciting and fun and while most buyers find their home online, nothing beats checking it out in person. There are so many things about a property you can’t learn from the listing alone so visiting the home during different times of the day and talking with neighbors will help determine your satisfaction in a particular property.
If you’re ready to get started, feel free to browse my website for all real estate listings throughout the Houston area. I specialize in areas such as Cat Spring, Bellville, Fulshear, New Ulm, Katy, Richmond and Sealy.