Buying a home? Here’s your to-do list

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03/27/2015 | Author: Jaime Lee

You’ll have a team of real estate professionals working with you during the homebuying process—like lenders, inspectors, and appraisers, to name a few—but there are still some tasks that are all yours. Start by hiring a Texas REALTOR®, who will guide you through every step of the way, and taking care of a few to-dos that are all up to you.

  • Take care of your credit report. You should request copies of your credit report annually—especially before applying for a mortgage. Look for any issues or instances of identity theft. These won’t necessarily keep you from getting a mortgage, but you’ll have to take action to clear them up.
  • Set your realistic budget. If you need financing, your mortgage broker or banker will help you determine how much you can afford based on your income, debts, and credit history. He or she will then calculate what you’re eligible to borrow. Your job is to be ready to supply this information and set a price range that your Texas REALTOR® can use to find potential properties within your budget.
  • Get pre-approved. Your mortgage broker or banker can also help you get a pre-approval letter that states how much a lender is willing to let you borrow. When you’re ready to put an offer on a property, this letter will tell the seller you’re serious and you’ve already taken the first steps toward seeking funding.
  • Respond to requests quickly. You may be asked for copies of your financial statements, your tax records, or for your signature on forms. Your role is to provide this information in a timely manner so the requester can move forward.
  • Communicate with your Texas REALTOR®. If you’re feeling uncertain about part of the process, or you just have a nagging question, talk to your Texas REALTOR®. He or she will have the knowledge and experience to answer your questions.

Categories: Buyers, Homeowners
Tags: buyers, homebuyers, first-time homebuyers


Kingsland Properties on 09/02/2015

I agree that timing and getting your forms done quickly is one of the most important things you can do when buying a home so you are the first one and it shows you are quite serious and not dabbling.

Anna Lee Trinidad on 03/27/2015

Very good advice! Buyers should also be aware of the current sellers’ market and low inventory of homes. By being pre-approved by a lender, the buyer is prepared to make an offer quickly as time is of the essence!

Lisa Savage, Broker on 01/31/2014

EXCELLENT advise for anyone wanting to buy a home!  It’s so important for Buyers to be fully ready BEFORE they go looking at homes.  Thank you for a great article!

Lisa Savage, Broker
Realty Savage

Barb Kelley on 01/31/2014

This is very good!  I especially like the credit report part.  I’ve had buyers that don’t know their credit score and are dismayed that they have too much debt and/or errors and have to delay buying a home.

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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 Any legal or other information found here, on, or at other sites to which we link, should be verified before it is relied upon.

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