The first thing you will want to do will be to obtain a letter from a mortgage company that you have been pre-qualified establishing a budget. Here at TexasDreamProperty.com, we have narrowed down the list of mortgage banks and mortgage brokers to a select few who time after time have delivered quality service to our clients. If you would like to get pre-approved by a mortgage broker, we would be happy to put you in touch with our top three. Simply complete the form provided below.
2. Finding the Right Realtor®
Choosing the right Realtor® to help you purchase a home should be much more involved than just obtaining access to Austin homes and having them show you around town in their car. Some of our top reasons to hire a Realtor® from the TexasDreamProperty.com team are listed below:
Unless you are buying a property that is for sale by owner, the seller has professional representation on their side. By negotiating directly with the seller’s agent you are putting yourself at a severe disadvantage since their agent is legally bound to share everything you tell them in order to get the best deal for their client. You wouldn’t go into a courtroom without a lawyer, so why risk the biggest purchase in your life in buying a home without representation.
To determine an accurate price of home our real estate professionals must compile and analyze data from recently sold homes in the same neighborhood. Currently, there are no buyer based websites that provide complete home sales data in the Austin area. This may seem confusing as many people have heard of web sites like Zillow and Trulia who provide pricing; however, these prices are not accurate enough to responsibly place an offer on a home. Currently, the only way to pull accurate data in Austin, Texas is through a Realtor® that is part of the local multiple listing service.
When working with an experienced Buyer’s Agent their primary job is to keep you from making a mistake. That is why we have a team of professionals that are here to help from getting pre-qualified to the closing table. Some of these professionals consist of mortgage bankers, home inspectors, interior designers, contractors, escrow officers and many more so that all of your questions can be answered before you are at the closing table!
If you are ready to obtain professional representation, then please fill out the form below.
3. Finding a property
This is the fun part of the search for most people, as well as our agents! You have already been pre-qualified at this point and provided an ideal budget. At this point, we will want to narrow down your search of homes based on location, schools, finish out, pricing and any other personal interests. You can also jump-start your search by using our robust Map Viewable Home Search Solution that you can customize to fit your needs by creating a login.
4. Making an offer
So you have found a house that you like and you are ready to submit an offer between yourself and the seller. An offer is a binding contract which usually includes an option period for you to obtain an inspection and if needed third party advice from contractors and etc. When submitting an offer you will also need to provide the option money and earnest money to secure your offer.
Is the listed price the right price? A Realtor® can provide you a Comparative Market Analysis (CMA) of the home’s value. Once the home inspection comes back, you might ask the sellers to lower the price or repair the items that need to be fixed prior to closing.
All counter offers, the home inspection, and appraisal have taken place and the paperwork has been handed off to the title company. The title company is the final stop known as the closing table where the secure title will be conveyed over to the new owners upon the transfer of all monies.
7. Moving In
Congratulations, you have made it to the homeowner’s circle and you are on your way to the top. Now it is time to add your own touch of character on your new home and to share the moment with family, friends and loved ones.