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Front porch of home with gray front door with wreath; colorful potted plants in yellow and navy pots

12/18/2015 | Author: Ward Lowe

Do you like spreadsheets?

My wife does, and she uses them to help us with all manner of decisions. She lists any data point that’s relevant to a topic. If it’s planning a vacation, there will be tabs for different destinations and columns with flight, rental car, and hotel costs.

You should’ve seen the spreadsheet for our house-hunt. It was a work of art.

With the help of our REALTOR®, my wife listed what we had for a downpayment, what interest rate we could expect for a mortgage loan, how much closing would cost, what the taxes would be, and every other expense associated with the purchase.

It presented a clear picture of what we were getting into. She would plug in the sales price of a house we liked and—boom—out came our estimated monthly cost of buying that property.

For a while, every house we fell in love exceeded our budget. So we waited. We added to our downpayment, shopped around more for a mortgage, and eventually the numbers worked out for a place that we still call home 13 years later.

The best time for us to buy a house wasn’t when we started looking. It wasn’t two months into our search when friends said to grab a three-bedroom that we couldn’t afford “because prices aren’t going down.”

The best time for us to buy a house was when we were ready. Thanks to our Texas REALTOR®, my wife, and Microsoft, we knew exactly when that was. 

Categories: Buyers
Tags: buyers, mortgage, closing costs

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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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