Everything You Need to Know As a Dallas First Time Home Buyer
by Brynlee Handy April 21
Heads up DFW couples – we’re giving you a guide to everything you need to know as a Dallas first time home buyer! When buying your first Dallas home, there are a few things to know and what better place to get real estate information than right from the source? We’re talking to local real estate agents about all the things you should know before buying your first home in Dallas, Texas. Read on for more!
What to Know as a First Time Home Buyer Dallas, Texas
Set a Budget
As a Dallas first time home buyer, setting a budget is the first thing to settle before you begin to search the market for your dream home. To do this comfortably, experts recommend that you look for homes that wouldn’t require you to spend more than 25% of your yearly gross income on a mortgage payment.
First Time Home Buyer Benefits
It’s also important to keep in mind that as a first time home buyer in Dallas, Texas you enjoy some special advantages meant to encourage new entrants into the market such as help from state programs, tax breaks and federally backed loans. Did you know that first time home buyers may only be required to pay 3-5% for a down payment as opposed to the standard 20%? It’s imperative that you talk these through with your realtor to assure you are getting the very best deal possible.
Questions to Ask When Buying a House for the First Time
Many are overwhelmed with the first time home buying process, but you can make the experience much more manageable by breaking it up into chunks, and asking questions along the way. Taking baby steps makes everything easier! Some questions you should be sure to ask your realtor about any home you might be interested in buying include:
- Why is the seller leaving?
- What’s included in the sale?
- Were there any additions or major renovations?
- How old is the roof?
- How much are closing costs?
- What’s the surrounding neighborhood like?
- What are the schools like?
Best Realtors in Dallas
Everyone deserves to feel confident and knowledgeable when buying, renting or selling property so we recommend working with the very best! Molly Evans – Realtor is committed to finding you the perfect home while removing the stress often associated with Real Estate. She values building strong relationships with clients through the entire process.
Prior to real estate, Molly worked in weddings and has always found joy assisting couples and newlyweds navigate the happiest moments in life! She loves nothing more than helping couples start their lives together so connect with Molly Evans via her vendor profile here.