5 to-dos for first-time homebuyers

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A man holds a set of silver keys in one hand and a small model house in the other.

10/09/2015 | Author: Jaime Lee

You've decided that your first home should have three bedrooms and a big yard, but what other steps have you taken? There are a few other tasks you'll be glad you took care of before submitting an offer. 

Determine what's important to you. Create a list of your must-have features and refer to it when viewing properties. Your priorities may change, but it can be a good starting point. 

Ask for documents. If you're viewing property in a homeowners association, for example, request a copy of the HOA rules to review and ensure you're willing to abide by them. 

Look into assistance programs. You may qualify for homebuyer-assistance programs based on your profession, income, or the property's location. 

Consider all expenses. When calculating your housing budget, be sure to factor in expenses like taxes, insurance, utilities, and commuting costs.  

Think about resale value. You may appreciate a home's unique features or location, but will potential buyers love them when you're ready to sell? 

One of the easiest tasks you'll want to take care of when you're ready to buy your first home is to hire a Texas REALTOR®. These professionals have the experience and knowledge to help you reach your real estate goals. 

Categories: Buyers, Sellers, Renters
Tags: buyers, homebuyers, consumers, renters, buying


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The material provided here is for informational purposes only and is not intended and should not be considered as legal advice for your particular matter. You should contact your attorney to obtain advice with respect to any particular issue or problem. Applicability of the legal principles discussed in this material may differ substantially in individual situations.

While the Texas Association of REALTORS® has used reasonable efforts in collecting and preparing materials included here, due to the rapidly changing nature of the real estate marketplace and the law, and our reliance on information provided by outside sources, the Texas Association of REALTORS® makes no representation, warranty, or guarantee of the accuracy or reliability of any information provided here or elsewhere on texasrealestate.com. Any legal or other information found here, on texasrealestate.com, or at other sites to which we link, should be verified before it is relied upon.

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