Whether it’s your first home, upgrading, downsizing, or relocation, buying in today’s market is all about timing.
Because the Pearland, Alvin, Manvel areas are all booming with new growth, houses are hard to come by, and when one hits the market, it can be sold that very day.
That’s why it is critical to get preapproved for a mortgage BEFORE you begin looking. With the demand for homes being so high, many sellers will not even accept offers from buyers who have NOT been preapproved. Plus, if you aren’t sure how much house you can afford, you may be wasting your time looking at houses just outside your price range. Again, with the seller in the driver’s seat these days, houses are going for over asking price, not under, so don’t expect to negotiate the seller down by $10,000. It more than likely isn’t going to happen. In fact, you may even find yourself in a bidding war for the house of your dreams.
This is where an experienced Realtor can help. Most Realtors can recommend lenders to you depending on your circumstances. They can help you get that preapproval letter in your hands so you can set out on the quest for the perfect place to call home. An experienced Realtor can also help you negotiate with a new home builder. Yes, they want your business, but the Realtor sitting in that model home is working for the builder…not you. You need someone on your side to help you get the best deal possible.
If you have questions about buying a home, especially first time home buyers, please give me a call. I always say buying a house is a little like giving birth. The process can be a little challenging, but the end result is so worth it. 🙂