First-Time Erath County Home Buyer Tips

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Erath County homesThe housing bubble has burst. Mortgage rates and home prices are low and on the rise, making many people optimistic about investing in Erath County real estate as soon as possible. However, buying a home is hard work and you’ll have to keep a few high-level steps in mind. Follow these tips and make sure to have a seasoned real estate professional guide you through the process.

  • First and foremost, determine your budget. Factor in what you’re paying in rent to how much you would be paying on a home mortgage. Also, a 20% down payment is the rule of thumb to get the lowest mortgage rate that you can, according to the New York Times. After you’ve weighed some facts and figures, shop around for good mortgage rates at a few different lenders and get pre-approved for a loan. Getting pre-approved shows the seller that you have proper financing in place and you’re not a risk.
  • Once you’re pre-approved, it’s time to start looking for homes within your budget. You might be tempted to shop around at the top of your budget, but factor in closing costs and potential repairs into your home price. Do some research on what homes have been selling for in your area to avoid making an offer that’s too high to someone asking way too much for their home.
  • Keep in mind how long you’re going to keep the home. Buying a house is a long-term venture and the more time you stick around, the more equity you’re going to have. Also, staying longer gives more time to make upgrades/renovations to increase the home’s value in the long run.

If you’re looking for someone to guide you through the process of buying an Erath County home, please get in touch with us. Having one of our team members on your side will make your Erath County real estate transaction as smooth as possible.

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“Cindy Carrell is an amazing realtor! Cindy did an excellent job marketing our home & successfully helping it to sell for exactly what we wanted and in under 60 days. Cindy is professional and a pleasure to work with. She is prompt to answer questions and to help resolve those situations that arise while  selling and buying a home. Cindy also helped us find our forever home within a week of listing our house. If you are looking for a realtor Cindy is an excellent choice!”
Cindy Carrell is an amazing realtor!