When you are buying a house, there are many things to consider and in many cases you will want certain things to happen before you decide to move forward with buying a house. Situations like these are the benefits of a contingency. A contingency allows you to delay an action until something else happens. With home buying, there are many cases where this might be a helpful.
At the start of a new year, we always wonder what’s ahead for the housing market. It’s impossible to know for certain but a few housing experts have shared what they expect to see in 2020. Though inventory is expected to remain right, interest rates should stay low throughout the year and appreciation, while less than recent years, will continue.
When you are selling your current Houston home and buying a new one, there is a lot that goes into the process. You sill start by listing your home, marketing your home and finding a buyer for your home. Once you find a buyer for your home, you will then know exactly when you have to move out of your home. What happens if you haven’t found a new home to buy yet or you can’t close on the new home in time to move everything out of your old home?
Your home will likely be the largest purchase you ever make. Because it is such a large purchase, very few people are able to buy a home without getting a mortgage. A home mortgage is a long-term commitment and as such, the lender will perform a very thorough check on your financial situation before they commit to loaning you money. If you are ready to buy a new Houston home and will be applying for a mortgage, here are some things you can do now.
Houston homes, like most things, come in a wide variety of shapes and sizes. There is definitely not a one size fits all approach to buying a home and there are many misconceptions about buying a home. Try not to listen to everything you hear and instead rely on research, an experienced agent and good logic to make the best choice for you. Here are some things you may have heard and what you really need to know.
You have finally found your dream home and are just two weeks away from closing when the unthinkable happens. It can be something as simple as the air condition breaking right before closing or something more complicated like a fire in the home or a broken pipe that floods the house. No matter what the situation, try your best not to panic, which could be really hard depending on the severity of what has happened.
When you are buying a new home in Houston or anywhere else, there are many steps that you will go through between contract and closing. One of the things your agent will most likely recommend prior to closing is a final walk through of the home you are purchasing. Is this necessary? Most agents will answer this question with a quick yes and I agree completely. Here are 5 reasons you don’t want to skip the final walk through before closing.