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Buy a Home in the Spring

February 19, 2019 by Fred
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If you have been looking for the right time to buy a home of your own, now is the time to prepare to buy a home this Spring. This article highlights a few reasons to buy a home in the Spring and begin planning now.

 

 

1. The market is not too hot and not too cold, just warming up.

Home Listings and Competition

Winter months in the housing market usually have the lowest inventory of homes. However, as Spring starts to bloom more and more listings appear on the market. On the other side of Spring, the Summer market has the most listings. Summer also has the most competition from other buyers, which can drive prices up.

The Spring may be “just right” with a new inventory of homes appearing on the market before the rush of Summer buyers join the house hunt.

 

Time on the Market

The advantage of buying before the Summer rush could mean finding a good deal on a home that hasn’t sold during the winter months. Sellers may also be motivated to sell before the chaotic Summer months begin. Sellers who are motivated by time are more likely to negotiate the purchase contract.

 

 

 

2. You can save your tax return for the down payment

One of the biggest tasks for first time home buyers, is saving for the down payment. Adding your Tax return to you down payment savings could be a big step toward your goal of buying a home in the Spring.

Dedicating your tax return to down payment savings, could be an easy way to save without impacting your monthly budget. Read more about creating a down payment savings plan in this article.

 

 

 

3. You have time to get your finances in order now: Free Pre Approval

At TexasLending.com we can get you pre approved 90 days before you buy. Going through the pre approval process can help you understand the flexibility of your home buying budget.

If you need to improve your credit or save a bit more, analyzing your financial outlook with a licensed mortgage consultant now is a great idea. Having time to make any needed financial adjustment before shopping for a home.

Read more about the advantages of being Pre Approved for FREE in this article.

 

 

We are here to help you finance your dream to buy a home in the Spring, or anytime you are ready to buy. Reach out to us today to get started!

 
 

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Current Rates

 

Conventional Refinance
15 Yr. Fixed

As of: October 12, 2018

4.25%
RATE
4.353%
APR

Conventional Refinance
30 Yr. Fixed

As of: October 12, 2018

4.875%
RATE
4.949%
APR

VA Home Loan
30 Yr. Fixed

As of: October 12, 2018

5.000%
RATE
5.199%
APR

FHA
30 Yr. Fixed

As of: October 12, 2018

4.75%
RATE
5.534%
APR

FHA
15 Yr. Fixed

As of: October 12, 2018

4.25%
RATE
5.098%
APR
 
 
 

 

 

Read What People Say

 

Kindyle Ledingham

"The process was great until 4 days before we were supposed to close. Some how an e-mail from several people showing our home was ready to close early didn’t get read by the team at Texas Lending. I even sent to my loan officer to confirm he received it. I honestly didn’t know we had a problem until Lydia called with MAJOR attitude asking where I got my closing date. She said my contract states March 25th. I explained it clearly says” On or Before March 28 NOT 25th” and the bulider was just waiting on flooring. They set the closing date and notified Texas Lending on March 6 and I followed up to make sure on March 7th” We closed a day late having to get power of attorney’s for my husband to sign on my behalf since I am going thru chemo therapy and it’s an all day treatment. I don’t think we should have been charged to have them drawn up the POA to your liking when we already had them in place by a highly reputable attorney and only needed them because Texas Lending dropped the ball. At the end of the day we closed and I want to say I don’t care what is messed up none of it matters...it’s the tone and attitude from your one employee who truly left a bad taste in my mouth. I did love Debbi Brown...always super super nice and only reason I have 3 stars instead of 2."

 
 

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