What Do Homebuyers Need to Know Before They Get Started?

What Do Homebuyers Need to Know Before They Get Started?

Many prospective homebuyers don’t know anything about what the process looks like. Here are the answers to a few common questions that we always hear from them.

Selling in the greater Houston area? Get a market analysis report

Purchasing in the greater Houston area? Get full MLS access

Buying real estate is exciting and terrifying at the same time. There are many steps in the home buying process and each one creates a new set of questions. Knowing the answer to the 10 most common home buying questions can help alleviate some of the stress that comes with buying a home. Today we’re focusing on three of the most important questions:

1. What is the first step of the home buying process? A mortgage pre-approval. Unless you’re paying cash for a house, you’ll need to get a mortgage. In order to know what kind of home you can afford and what type of mortgage you can qualify for, you’ll need to get pre-approved for a loan.

The closing process takes 30 to 45 days to complete.

2. How long does it take to close on a home? Typically, it takes 30 to 45 days. The timeline for finding a house varies from person to person, but once an offer is accepted on a home, it usually takes about 30 days to close.

3. What does a Realtor do? Almost everything. We’re basically the glue of the transaction. A Realtor is your most valuable asset when buying a home because they will walk you through every part of the home buying process, educating you and representing you from start to close and beyond. Buying a home may seem intimidating, but a good Realtor will make the entire process much easier.

If you have any questions for me or would like some help getting started with the home buying process, don’t hesitate to give me a call or send me an email. I look forward to hearing from you soon.