For every journey, there is a guide. To explore the West, Lewis and Clark had Sacagawea. To navigate his magical powers, Harry Potter had Dumbledore. And to discover our best lives, America has Oprah.
Then there’s the all-too-real journey of buying a home. For that, you have an Oprah of your own: your REALTOR® — a licensed professional who’s familiar with local home values and neighborhood perks, understands real estate trends, can write an offer on your behalf, and who negotiates with home sellers so you don’t have to. A REALTOR® is a broker or agent who belongs to the National Association of REALTORS® (NAR), the largest trade group in the country. A REALTOR® commits to following a strict Code of Ethics intended to protect buyers and sellers; for example, REALTORS® pledge themselves to protect and promote the interests of their client. Agents and brokers who are not NAR members can’t call themselves REALTORS®. There are more than 1 million REALTORS® in the United States. With TXHRG, using broker or REALTOR® typically won’t cost you a penny because the seller pays both the listing agent and buyer’s agent’s commissions, in most cases. Score.
Think of your agent as a therapist/consultant for your home search. A collaborator. A co-conspirator. A mentor. Someone who amps up your confidence and counsels you through big decisions (teamwork makes the dream work, after all). And, someone who wants you to find a house you can be happy in because they’re invested in your happiness.
If the housing market doesn’t line up with your needs and budget, your agent will go back to the drawing board with you. They interpret raw housing data through the filter of your unique search, then tell you what’s important and why. They help you map the path to your goal, and connect you with trusted experts who can get you into your dream home. (Cue selfie of you drinking wine in your new living room. First like on Instagram? Probably your agent.)
That’s a lot of responsibility. And a lot of pressure. There’s obviously a lot at stake: money and time, of course, but also your happiness. So reach out to us sooner in the process rather than later, and you’ll be on the fast track to picking out paint swatches for your new kitchen.Let's Talk.
The Home-buying Process
Here's what the pros recommend you keep in mind during the home-buying process.
The steps to buy a house might seem complicated at first. It's no wonder first time home buyers wondering how to purchase a home often feel overwhelmed. But if you dream of owning a home, it's essential you know what to do and who to turn to, right? Here are a few key steps we'll talk about as we navigate the world of home buying.
Are you ready? Seriously.
Whether you’re becoming a homeowner for the first time or you’re a repeat buyer, buying a house is a financial and emotional decision that requires the experience and support of a team of reliable professionals. These folks know how to purchase a home from beginning to end, so lean on them!
Financing and Pre-Approvals
Most first-time buyers need to finance their home purchase, and a consultation with a mortgage lender is a crucial step in the process. Find out how much you can afford before you begin your home search.
Showings and Decisions
A quick search on our site will bring up thousands of homes for sale. Educating yourself on your local market and working with an experienced Realtor can help you narrow your priorities and make an informed decision about which home to choose. While no one can know for sure what will happen to housing values, if you choose to buy a home that meets your needs and priorities, you’ll be happy living in it for years to come.
Making an Offer
While much attention is paid to the asking price of a home, a proposal to buy includes both the price and terms. In some cases, terms can represent thousands of dollars in additional value—or additional costs—for buyers.
Inspections and Appraisals
An appraisal isn't a substitute for a professional home inspection in fact they have some key differences. The appraiser formulates an opinion of the property's value for the lender, while the inspector educates the buyer about the condition of the home and its major components. The appraiser is primarily focused on the value of the home whereas the inspector keys in on the home's condition with an eye toward both existing and potential future problems.
Signing vs Funding vs Closing
The closing process, also known as “settlement” or “escrow,” is increasingly computerized and automated. In practice, closings bring together a variety of parties who are part of the real estate transaction. During Signing, the seller(s) and buyer(s) sign their respective documents - Deed of Trust, Settlement Statement, Lending documents, etc. A transaction is Funded when the title company receives the funds from all required parties - the lender (mortgage), the buyer (closing costs) and sometimes the seller. Closing happens when the documents have been sent to the county to record. Once the documents are received, title has passed from the seller to the buyer. Now we celebrate!
As you can imagine, this is a very high level overview of the steps in a real estate transaction. For more details and information on the process including questions about any of the steps, call/text/email to talk with us. We love to help inform consumers about their real estate transaction. After all, it's only one of the biggest purchases you'll ever make!Contact Us