Tips For Buying A Home In Austin
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Tips For Buying A Home In Austin
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<strong>Tips</strong> <strong>For</strong> <strong>Buying</strong> A <strong>Home</strong> <strong>In</strong> <strong>Austin</strong><br />
The market in <strong>Austin</strong> is hot and people are flocking here and buying up real estate. If<br />
you are hoping to join in on the fun read these tips so you can end up with a home at<br />
a price you can be happy with.<br />
1. Get Pre-Approved<br />
So you have decided to buy a home. <strong>In</strong> <strong>Austin</strong>, homes are getting snatched up<br />
left and right so save yourself time and get pre-approved for financing. This can save<br />
you the heartache of missing out on your dream home because you were waiting for<br />
some paperwork. It also makes you look better to the seller and can you put in the<br />
top running for a home. Keep in mind that it is usually a more in-depth process and<br />
takes time so start the process before you find a house you want to put an offer on.<br />
2. Have Your Down Payment Ready To Go<br />
<strong>In</strong> <strong>Austin</strong> this is typically 10 to 20 percent depending on your credit score and<br />
the price of the home you want to buy. You may get lucky if it’s a new home and get<br />
away with only 5 percent but it’s best to be prepared for more rather than less.<br />
Speaking of costs, don’t forget to consider property taxes. Because the worth of
homes in <strong>Austin</strong> has gone up so have property taxes. Calculate that into your<br />
monthly payments so you know what you can truly afford.<br />
3. Buy A House <strong>In</strong> An Up And Coming Neighborhood<br />
You have probably heard this before, but location is everything. Where the<br />
home is more important than what the house looks like. A home can be renovated<br />
but it can’t be moved. Location determines the future property value and how easy it<br />
will be to sell in the future. There are several hot neighborhoods in <strong>Austin</strong> so take<br />
your pick and you won’t regret it later. The location of your house also determines<br />
the schools your kids will go to so it’s best to do your research.<br />
4. Don’t End Up With Regrets<br />
When putting a bid on a house make an offer that you won’t regret later. If<br />
you want the house make an offer that you will feel good about even if the seller<br />
accepts someone else’s offer. You don’t get a second chance when it comes to this so<br />
do your research on the area and what homes are going for. Basing it just on the<br />
appraisal of the home in <strong>Austin</strong> may leave you underestimating what the seller is<br />
trying to get due to rising home prices.<br />
5. Hire Your Own Broker<br />
This will be someone who knows the area well and will do the dirty work for you.<br />
They can better determine what you can afford and will try to find you good options.<br />
You’ll be paying a broker’s fee in the sale anyways so might as well hire one that has<br />
your interest at heart, rather than using the seller’s broker. Play the field when it<br />
comes to real estate agents and interview several and know what you want out of<br />
one. A good one will be able to give you home options as soon as they come on the<br />
market.<br />
Having trouble finding what you want? Give us a call and we’ll help you find your<br />
dream home.