Buying a home in today’s market in Austin can be a bit daunting. Low inventory and high demand makes it a seller’s market. It is very beneficial to do your due diligence before thinking of putting in an offer on a house because this will give you the competitive edge that is needed to secure a good home in a desirable location.
Having a very good idea of what specific features you want in a home can help pinpoint the style and location of the home. Arranging these features in order of priority will also allow you to know which ones are not a deal breaker if they are not present in the home. When you get ready to look at houses, be sure to download the House Hunting Checklist to help you keep track or your likes, dislikes and special notes about each property.
YOUR HOME IS YOUR CENTER POINT
A home is not only where you eat, sleep and live but it is also the center point of where you go to and from work, school and shop – to name a few. Traffic in Austin will not be resolved in the immediate future, so the proximity of your home to these frequented places is crucial to the enjoyment of the neighborhood you choose.
Even before actively looking at homes, get pre-qualified with a lender so you know how much you can afford. The peace of mind that comes with knowing this makes the whole home buying process more enjoyable when you know it is just a matter of when and not if you can get the home. Pre-qualifying with a lender is also important because it will strengthen your negotiating position with the seller when you do find a home you want to own.
Finding the right home for you begins with finding the right real estate agent to work with. A good agent listens to what you want and is able to guide you to the home that matches your lifestyle and budget. This is done by diligently checking new listings on the MLS, company listings, contacting expired listings, calling for sale by owners and driving through selected neighborhoods. When the desired area is very focused, then writing letters to the homeowners to see if they would be interested in selling their home is also an option. We also have access to all new homes through the Greater Austin Area Builders and Developers.
When you have selected an area of interest, as your REALTOR® I can provide information on schools, taxes, utilities, amenities and other areas of interest. If you have selected a house to consider, I can provide you with information on comparable real estate values which gives an objective data point on pricing for a similar homes in a similar neighborhood.
Once you have found a house that you want, as your REALTOR® I will write up the purchase agreement for you. I will inform you about the legal requirements commonly associated with residential real estate. When under contract, both parties ( buyer & seller ) to the contract are under time constraints to fulfill their legal requirements. I am well aware of these and make sure the timeline is strictly adhered to. Lists of service providers to complete home and termite inspectors and other repairs or due diligence is readily available so time is not wasted.
Just before closing, I will review your closing documents and settlement costs with you so you are familiar with them before signing the paperwork at the title company at closing. Once the title company has received all your funds for the house, they will hand over the set of key and the house is yours!