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Score Your Dream Home

Tips from Houston realtor, Sterling Bond on how to buy your dream home in a hot housing market.

If you are trying to buy a home in Houston’s hotter than ever real estate market, you might find yourself spinning your wheels placing offers that don’t seem to land that home of your dreams. Between the steady stream of Californians moving to Texas, snapping up houses, and increasing our property values, and summer being that time of year we look to make a move, it’s harder than ever to buy a house. 

Here are a few tips from leading Houston realtor Sterling Bond that might give you a leg up in securing a home.

Get Commenced ASAP

No matter where you live, listings for homes in popular neighborhoods are often few and far between. When a home hits the market, they typically don’t remain there for long. If you want to buy a property in one of these neighborhoods, start your house hunt early and have a little patience. When a property hits the market, act quickly. 

Have Proof of Funds and Pre-Approbation Ready

These simple items are essential, especially for first-time homebuyers. If you’ve decided to make an offer on a home, you should assume others have as well. Anticipating multiple offers can help you to emerge the winner. To be “offer ready,” it is crucial to have any supplemental paperwork, like your mortgage pre-approbation and proof of funds for the down payment ready.

Keep Your Offer Simple

Most offers have contingencies such as consummating inspections and receiving a mortgage commitment to transpire for the purchase to move forward. When reviewing offers, sellers are inclined to feel contingencies as potential opportunities for deals to fall apart. As a result, they are more inclined to accept offers that are relatively “clean” of contingencies that could create potential hang-ups. 

Start with a Strong Offer

Besides keeping your contingencies in check, another component of the offer that will set you apart from the crowd - your offer price. Entice sellers with a sizable payout or, if possible, a cash offer. In this strong market, it’s imperative you put your best foot (or offer) forward. Consider the asking price first. You can utilize a mortgage calculator to get an idea of what your monthly payment will look like to help determine if your offer is within your budget.