Have you ever seen that commercial where they say you’ll hate your contractor while he’s doing a remodel job but want to kiss him full on the lips when the job is complete? That's
what it's like buying a home in Austin, Texas. The amount of time it takes to get approved for financing and find a home, all while dealing with multiple offers and emotions, can be very taxing on the buyer.
But not to worry! With over 30 years of experience in the Austin real estate market, I know a thing or two about how to make the home buying process go as smoothly as possible. Check out the tips below to help you on your home search and if you have any
questions don't hesitate to reach out! We're here to help you through every stage of your home buying journey.
Remember, you deserve to love where you live!
Start with a good attitude.
Remember you’re buying a home and that will be fantastic once you get to that finish line. I had a wise person tell me once, “Don’t turn the gift into a problem”.
Find a Realtor.
Find a realtor you can build a relationship with, buying a home can be a tough process. Try to match your personality with a realtor you can go through those challenging times with. Someone with years of experience and a hard worker. If
you can speak to a manager or broker to help you match up, that is nice too. You should interview at least 3 realtors; they can all be with the same real estate brokerage firm if you'd like.
Find a Lender.
Find a mortgage lender: Get pre-approved before looking at properties. Nothing will be more upsetting than finding a home you aren’t ready to purchase. Speak to a few lenders so you can get the best interest rate. The lender will
let you know what you qualify for and you can decide what you want to afford. Prospect Real Estate always suggests at least one credit union as well as a mortgage broker that can shop multiple options at one time.
Pick a Neighborhood.
Narrow down the area you are looking. Don’t start with all of Austin, it will be too overwhelming. What are you looking for? Walkability? Schools? Parks? Figure out what neighborhoods you want to focus on and for what reasons,
before you shop for a home. There are many factors to consider when selecting a neighborhood that is right for you. Neighborhoods have characteristic personalities. It is important to find one that fits your lifestyle and personality.
Be Prepared for Multiple Offers.
It is daunting when you find the home you want to move forward with, and then find out someone else wants the same home. An experienced agent can help you with making the best offer.
Don't Sweat the Inspection.
Inspectors can point out items that need repair and where deficiencies are. If something comes up that is more serious, remember there are other professionals that can backcheck their inspection. Don’t get nervous about the foundation
until a structural engineer has done their inspection. Inspection fees can add up, but the relief you will feel with thorough
Don't Fall in Love Early.
Wait until you have the contract signed and receipted at title company, and after inspections. I mean, whatever, right? You’re going to start falling in love, you just can’t help yourself. But between the good influencer on one shoulder
and bad on the other, try to keep an even keel to the best of your ability.
Utility transfers and movers are a necessity to schedule ahead of time for a smooth move after closing. The seller’s disclosure should have a list of utility companies and phone numbers Don't forget that when you are at the finish line – closing
on your new home – there is still planning and scheduling to be done.
Keep Your Paperwork.
Make sure you keep your closing documents in a very safe place. You will need them in the future. Ask for a copy of your appraisal. Surveys are great to keep with your closing documents. Title insurance, recorded deeds, floor
plan if available, heck paint colors are important too. If there is a new appliance, there should be a manual and warranty information.
Any information you can gather to keep a hold of for future needs.
Most importantly – Congratulations!!!
Your new home is going to be fantastic as you have your family and friends over, they will change the energy and vibe in your cozy oasis in the best ways possible.
Prospect Real Estate has a new home buyer’s guide that can help with understanding this process. Send an email to email@example.com to request your free copy!