May 18, 2012

5 Best Tips for Buying a Home Today

Buying a home in Texas is often a changing process. Not only has the Dallas real estate market changed a lot in just the past few months; it is still changing today.

If you are thinking of purchasing a home in today's market, here are 5 important tips:
  1. Get preapproved for a mortgage before you start looking. It will strengthen your position with a seller when you make an offer and lets everyone know you are serious about buying a home. It also confirms what you can afford and it starts the application process so you can close in a timely manner.
  2. Location is still the driving factor in purchasing a home. You can change almost everything else about a property except the location ( and your neighbors). Narrow your hunt by location first, then by price, size of the home, condition, etc.
  3. Do your research. Shop on line at either Ebby.com or Realtor.com to see every home listed for sale in the Dallas/Ft. Worth area. Drive around the area you are considering to get a feel for it.
  4. Work with an experienced, full-time agent who knows the particular area you are considering. They should know the inventory in the area, the nuances of the neighborhoods, and have a great working relationship with the other active agents who work that area. As your representative and your advocate, an agent can sometimes make or break a deal. Get a great one.
  5. Be realistic. The bottom of the market has past and sales are up. With home inventory at its lowest in years, Dallas sellers aren't that desperate any more. Be prepared to negotiate all the terms of a deal - not just the price, but the closing date, financing, option period, repairs, ... and other items that might come up. [where: 75230]

6 comments:

David from gethomeloans.co.za said...

Getting pre-approved for a mortgage makes homebuying a hassle-free experience. It saves you time and puts you in a better position when looking for the right home as you already know the loan amount you're pre-approved for, instead of just taking a guess and looking at properties that are beyond your means.

barrier tape said...

Before purchasing financial commitment residence, you need to have a technique since not having one has a bad impact on your the main thing. You do not want to buy a house and then select the technique as the property may not fit into it.

Tim said...

Considering how competitive the Dallas real estate has become in 2012, its definitely a great idea for buyers to do their research and get prepared before they jump into the market. Some more tips in addition to those mentioned in this post. http://local-home-buyers-insight.com/dallas-real-estate-timely-advice-for-home-buyers/

Buy to let mortgage advice said...

Let's say one morning you wake up and realize that, yes, buying a home is the right thing to do for yourself. You're tired of throwing away money on rent and figure that it's time to get into a home of your own. But you have reservations.

Sara Owens said...

In addition, after you get approved for mortgage, it would be wise to avoid getting bad credit. Lenders usually check your credit history before the loan closes. And if they see bad credit on your record, they might pull out the mortgage for your house or penalize you for it. Try to stay put until you close the deal.

aliah said...

I think now it is a great time to buy your home..buying your first home can be an exciting time. i like the way you have explained five points you shared here..thanks for sharing these points.
Newbuy