Get Ready To Buy in Erath County

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You’ve crunched the numbers and done your research. Your credit is good, and you are officially ready to buy a home. So what are you waiting for? Now is the time to buy a home in Erath County – and it probably won’t last forever. Here are some more things to consider.

Distressed homes like foreclosures and short sales are all listed at very deep discounts, and account for about 30% of sales early this year. It’s kind of like discount shopping! Investors are also having a lot of fun in this market. They bought 64.5% more homes in 2011 than in 2010. Now, about one in four homes sold is to an investor. Buyers are also back in the second home game. Investors and playhouse buyers are snatching up second homes. Vacation and second home sales were up 7% in 2011.

Now that it’s your turn, make sure you are mortgage ready. Check your credit reports from the federally sanctioned sources – remember there are three credit agencies to check. The site you should use is AnnualCreditReport.com. Be cautious of the other sites that advertise “free” reports but then throw in all kinds of conditions. If your credit isn’t strong enough you could be stuck with a mortgage much higher than you anticipated.

Remember you will have costs other than your mortgage too. There are insurance, tax, utility, maintenance and transportation costs to factor in. Put these into your budget while house hunting so you know what your cost limit is. Also pick the kind of mortgage that is right for you – whether it be a fixed-rate mortgage or an adjustable rate mortgage. Both have pros and cons, so make sure and consult with an expert.

Buying a new home is very exciting, especially in a buyer’s market like we see now. If you are interested in buying or selling a home in Erath County we are local real estate agents and experts on the community. Please contact us; we would love to show you around!

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Testimonials

“Desiree Bridges went above and beyond to help us first time home buyers go through the, at times stressful, process. She constantly followed up on items and helped us stay on track, along with the bank and seller. Throughout the entire process she was professional, knowledgeable, and trustworthy. She took our complete lack of real estate knowledge in stride and answered every question. We never had to worry that something was slipping through the cracks on her end. And now we are satisfied home owners. Highly recommend and if I were gonna to buy another one I’d go with Miss Desiree again at Hayden Real Estate!!”

Billy