Buying Your Dream Home San Antonio TX

Choosing your dream home is one of the most important decisions you'll ever make. However, you have to prepare yourself for this process well and in advance.

Local Companies

RE/MAX EXCLUSIVE
210-286-1005
9514 Console
San Atonio, TX
Davis Realty
210-779-6840
10202 Heritage, Suite 223
San Antonio, TX
www.BuyMySAproperty.com
210-745-1500
Everywhere
San Antonio, TX
Inspector Clouseau Home Inspections
210-394-7874
3615 Hunters Pier
San Antonio, TX
RT Realty
210-394-1376
2313 Lockhill Selma #131
san antonio, TX
Irma Schanen - Keller Williams Realty
(210) 367-0816
10999 IH 10 West
San Antonio, TX
My San Antonio Home Resource
(210) 771-5359
10999 IH-10 W., Suite 175
San Antonio, TX
Inspector Clouseau Home Inspections
210-394-7874
3615 Hunters Pier
San Antonio, TX
Jack Biegger Realtors
210-509-3409
7121 Bandera Rd
San Antonio, TX
S A Property Connection
210 -413-7979
2639 Nacogdoches Road
San Antonio, TX

Home Buyers' Guide

The process of buying a home is not an easy one. Choosing your dream home is one of the most important decisions you'll ever make. So you have to prepare yourself for this process well and in advance. When buying a home, be sure to avoid some of the critical mistakes that could cost you thousands of dollars. As a Toronto realtor I know they are crucial.

  1. Understand the current market value of the home. Be sure not to low-ball your initial offer. Vendors tend to give less of a counter offer (closer to list price), if they feel insulted. Understand the current market value of the home, and comparable solds. Don't forget that you can find your next home on the web, so search ALL local listings, and check out the MLS (Multiple Listing Service). You have to know that it only includes resale homes, not new developments. Most homes do not give you the actual address here, but many pertinent details.
  2. Know what you are bidding on. Have your agent arrange a home inspection, as it would cost about $300.00 but this could very well be your best money spent. With detailed home inspection data, you can either adjust your offer or take a pass on a property with extensive hidden flaws. If you have the property inspected by a qualified home inspector, you will receive a full written report on the property plus estimated costs of any necessary repairs. It only takes 2-3 hours.
  3. Think of mortgages. Don't forget that when you have a down payment that is almost 25%, it is usually less expensive to arrange a first and second mortgage. Determine what you can afford -- all those extra expenses are sometimes overlooked in purchasing a property.

    To calculate how much monthly payment you can afford, you need to figure your debt-service ratio. To figure it out, you have to list all your loans: car, personal loans, monthly credit card balances, plus your rent or future mortgage payment (includes principal and interest) and the applicable property taxes.

    This total should not exceed approximately 40% of your gross monthly income. Experts say that the monthly mortgage payment and monthly house taxes should not exceed approximately 30% of your gross monthly income....

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Author: Julie Kinnear

Featured Local Company

RE/MAX EXCLUSIVE

210-286-1005
9514 Console
San Atonio, TX
geneva.buyinguptexas.com

Related Local Event
National Real Estate Investors Association 2009 - Mid Year Leadership Conference
Dates: 6/25/2009 - 6/29/2009
Location: The Westin Riverwalk San Antonio
San Antonio, TX
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