Planning to Buy a new Home in Houston? Avoid mistakes and frustrations with these priceless tips.
Are you considering buying a home in Houston in 2016? What a great place to live with a large concentration of health center organizations, lots of parks and green space, unique museums and cultural landmarks, and more importantly, the affordable cost of living in Houston! Although buying a new home can be exciting, it can be challenging and stressful at the same time. However, you can avoid mistakes and frustrations and make your home buying process a more enjoyable experience with these tips.
Get Pre-Approved for a Mortgage BEFORE House Hunting
You will need to know how much you can spend before starting your home shopping process. The most effective way to determine that is to get pre-qualified for your mortgage. Knowing how much you can get from your Houston mortgage lender will tell you the price range of the homes to consider. It will also save you a lot of time and resources that you would have used moving around looking for houses you can’t afford.
Determine Your True Cost of Buying a Home
Buying a house is not as easy as getting your mortgage approved and grabbing the keys. It almost guaranteed that buying a home will cost you more than you think. You need to factor in the following costs:
- Mortgage arrangement fee
- Valuation fee
- Removal costs
- Legal fees
- Stamp duty
- Home repairs
Find the Right Houston Real Estate Agent
Real estate agents are very important partners when buying a home. Their knowledge and expertise on the home buying process, familiarity with the Houston neighborhood that you would want to live in, and negotiating skills are extremely valuable.
Do Your Home Shopping Thoroughly
Start your home shopping as early as you can and take as much time as you need to find the right home. You can search homes for sale on different websites, magazines with real estate listings and newspapers. Tour the homes in your price range, take notes on the homes you visit and if possible take pictures or video to help you remember the details. A Houston realtor will help you negotiate a fair offer based on the value of the homes within the same neighborhood.
Obtain Expert Real Estate Opinions
There are several factors that determine the value of a real estate property such as the state of the Houston real estate market, quality of the neighborhood and the condition of the property. A third party who, in this case, can be a different broker or an expert real estate investor can provide invaluable advice.
Don’t Time the Market- Buy When You Can Afford To
Don’t be obsessed with trying to time the Houston housing market and predict the right time to buy a property when the price values are falling. The truth is that it is usually impossible to anticipate the market. Buy a home is when you can afford it.
There is a lot to learn before buying a home. The ability to learn without making mistakes is one of the best gifts in life. Take this priceless tips to the bank; you will be much prepared to do all the necessary planning to follow through your property buying process with this information.