Are you ready to buy a home for the first time? Feeling overwhelmed and anxious? As your Houston real estate team, we are here to help guide you through the entire process, and to support you along the way! Buying a home is one of the biggest investments you’ll make, if not the biggest, so it’s not to be taken lightly. But it’s also very exciting and shouldn’t be all stress! That is where we come in.
To help prepare you for the process, NerdWallet made a list of 25 steps to take when buying a first home. The first few steps are to find out your credit score and what you can afford, and to apply for a mortgage and get preapproved. A preapproval will help you know what your budget is, so you shop within those means, and it’ll help sellers take you seriously, knowing that you can afford their home.
Once you’re preapproved for a mortgage loan, here are the next few steps to take:
- Hire a buyer’s agent. We’ve got lots of options for you at Keller Williams Memorial! You want to choose an agent with a credible history, lots of experience, knowledge on the Houston area, and who is highly skilled and motivated. We can match you up with a buyer’s agent that is right for you!
- Search in your budget. Your best bet is to shop for Houston properties that are a little less than what you were approved for. You want to account for closing costs, repairs that may be needed, taxes, insurance and home maintenance for the future. Leave some wiggle room!
- Find the right neighborhood. This is as important as picking the right house. If you have kids, research the schools that they’ll be going to. Even if you don’t have kids, school ratings affect home values! Check out traffic, noise and activity levels at different times of the day, and commute times to your job.
- Take advantage of open houses. These are a great way to view many homes in a short period of time. Collect as much information as you can about the ones that interest you. Pay close attention to details of the home and neighborhood. Schedule a second showing, especially if other buyers are present.
- Plan for the future. Don’t just choose a home based on your current needs, plan for the future! If you plan on growing your family, buy a larger home that you can grow into, with plenty of bedrooms. If you’re aging and retiring soon, consider a ranch home without much maintenance.
- Be ready for compromise. It’s a seller’s market right now, so be prepared to let the little things go, to compromise on things you were hoping your house would have, and to negotiate with the seller on terms.
Like we said, your Keller Williams Memorial real estate agent will be there to help guide you every step of the way! Contact us to begin your first-time home-buying process.