2016 has been another great year for buying a home, especially for new Austin Texas Home buyers
Thanks to affordable home prices, and historically low mortgage interest rates, there’s never been a better time to buy a home in Austin or the surrounding area.
In this post we will provide you with 7 tips which will help you during the process of buying your first home.
Tip 1 – Examine Your Budget
If it’s been a few years since you examined your credit score, it’s time to pull your credit report and see what your score is, plus verify if any inaccurate information is being reported about you on your credit report.
Your credit is important since it will ultimately affect your ability to get a great mortgage interest rate or not.
Tip 2 – Get Pre-Qualified For a Mortgage Loan
Before you start house hunting it’s important for you to get pre-qualified for a mortgage loan since this will give you a budget to work with and you will know the home you can really afford.
Tip 3 – Determine Your Home Search Criteria
Although you may be eager to contact an Austin Texas Real Estate agent it’s important to think about your search criteria first, especially if you’re buying a home with your spouse, partner or significant other.
- 3 bedrooms
- 2 bathrooms
- Updated kitchen
- Yard Space
- Bonus Room
Tip 4 – Think about the Additional Homeowner Expenses
Owning a home is an awesome feeling but you also have to be prepared for the additional homeowner expenses which include: homeowners insurance, property taxes and the cost of potentially renovating your home in the future.
Tip 5 – Think about the Future
Are you prepared to live in the same neighborhood for the next seven to 10 years?
If the neighborhood isn’t fully developed yet you might want to purchase a home in a neighborhood which is already established so you won’t face the prospect of losing your view or having neighbors move in who might be noisy.
Tip 6 – Pay Attention to the Layout of the Home
Keep in mind that as a homebuyer you’re going to see more than one home which has been poorly remodeled or is so full of clutter that you may not be able to see the ceiling.
In these cases you must look beyond the mess and ask yourself if the layout or square feet of the home will work for your family.
Tip 7 – Submit A Personalized Letter to the Homeowner with Your Offer
Last of all, but most important, when you’re submitting an offer on a home don’t hesitate to be yourself and submit a personalized letter to the homeowner with your offer.
This strategy works, especially if there are multiple offers on a home, your offer will stand out to the owner over others.
Buy An Austin Texas Home
To get started with buying an Austin Texas Home contact the Kent Redding Group today by calling us at (512) 306-1001 or click here to connect with us online.