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First-Time Homebuyer? Here are Some Tips

November 7, 2011 by Kevinmiller
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Texas home purchaseAs we’ve mentioned recently, the housing markets across Texas just might be starting to slowly turn around. If you’ve been waiting for home prices to hit rock bottom, now just might be the time to buy — especially if you don’t first need to a sell a house (at those same low prices) in order to buy one.

A prolonged buyer’s market like the one we’re in tend to benefit first-time home buyers the most. Home prices are low. Home interest rates are low. Inventories are plentiful. In fact, we’re proud to offer some of the lowest Dallas home interest rates, Austin home interest rates, and Houston home interest rates you’ll find anywhere in the Lone Star State.

But if you’ve never gone through the home-buying process before, you might find it to be complicated. Contact us and we’ll walk you through it. But first, here are a handful of home-shopping tips you might not have thought about:

  • Bring a digital camera, and shoot liberally. When you get home, you won’t want to make a decision based on a fuzzy memory.
  • Meet the neighbors. Sure, it might be a little bit awkward if you spend more time looking at the houses around the house you actually plan on buying, but nothing can spoil the joy of a brand new home than a nagging neighbor with an insomniac dog.
  • Imagine what the house will be like during all seasons. You might be thankful for the way the lack of trees keeps the house sunny and warm this winter, but factor in what that might do to your monthly utilities bill during a blazing hot summer.
  • Similarly, visualize both specific situations and events as well as everyday life. Is it big enough to host Christmas, birthday parties, and dinner parties the way you’re hoping? Will it also be a comfortable and joyful place to relax on mundane Tuesdays? Visualizing specific activities will help you notice both unexpected perks and deficiencies.
  • Look for nearby parks, swimming pools, entertainment centers, and other quality of life-enhancing public perks. Any half-decent real estate agent will highlight these features for you, so if they don’t, it probably means those sorts of hidden benefits might not exist.
  • Don’t forget to calculate commute times, both for the job you have now and the job you’ll want down the road. It’d be a shame to buy a beautiful house and spend all your time on the freeway.
  • If you utterly love the house on first impression, specifically make note of its defects. You don’t have to talk yourself out of buying the home — just make sure excitement about its possibilities haven’t blinded you to its downsides. Eventually, the “love at first sight” feeling will fade, and you won’t want to be regret your purchase.

That’s just the start. For more of the nitty-gritty details about what to expect from the home loan process, we also recommend you check out our home loan process guide. It’s really easy.

Also, if you have any usual house-hunting tips you’d like to share, we’d love to hear from you. Leave a comment below.

Happy hunting!

 
 

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