Some Insider Tips for Austin Texas Home Investors


3. Be Clear on What You Are Going for
You have to be clear on what you want. You have to really think about it until the idea is solid. Set the highest standards that you can think of. If you shoot high, you can always adjust as needed. You shouldn’t have a mentality of doing with the bare minimum in the serious business of buying a home. You should aim for what will make you feel very satisfied, within your budget of course. You might have to bring it down a little to be more realistic. Sometimes, some of your desired features just are not realistic in the area where you are looking.

4. Find an Expert to Represent You
Jeff Kessler is a Realtor who can represent you as a buyer agent. Don’t just go to the agent selling the home because that agent is obligated to favor the seller. Choosing an Austin Realtor is an important step and you should do this carefully. It may or may not be advisable to go to a friend who happens to be in real estate, unless you are certain that person has a good professional reputation completely without regard to the friendship.

There, that’s not so hard. Take enough time, find out how much you can afford, determine a high and achievable target, and get yourself a reliable agent. Using these four steps will get you into the right home, whether as a financial investment or as an investment in your own life.


Step by Step Through the Home Buying Jungle

5. Agreement

After a little negotiation back and forth, the seller and you will come to an agreement on all the terms of the sale.

6. Review of Title

A title review, in most states, is normally done by a real estate attorney who examines the title, or ownership records of the property, and gives a written opinion as to whether the seller’s title satisfies the requirements of the contract of purchase. In some parts of the U.S. this is done without the services of an attorney but almost without exception there is a requirement for some kind of title search.

7. Home Inspection and Negotiation of Repairs

Never buy property without having it inspected by a third party inspector. A thorough inspection can reveal problems large and small, from mold to a sinking chimney. If the inspection does uncover problems, you will agree on the cost or completion of repairs.

8. Getting an Appraisal

An appraisal offers a professional estimate on the matter of the property’s value. No lender will write a loan for more than the appraised value of the property. For that reason, if the appraised value comes back lower than the sale price, the deal is jeopardized. Actions or workarounds you could possibly take include your making up the difference in cash, the seller agreeing to lower the price to match the appraisal, or requesting a different appraisal.

9. Commitment

You will feel a big sense of relief when the your Austin Texas lender completes a review of the documentation and commits your loan.

10. Walk Through Inspection

Your final walk through takes place just prior to closing. During the walk through inspection, you have your opportunity to assure yourself that the property is in the condition in which you agreed to take it — that all repairs that the seller has agreed to make have been made satisfactorily, and that the property has not sustained any damage since you agreed to buy it.

11. Closing

Closing is the transfer of title to the buyer. You will have to hand over the down payment on the property and your share of the closing costs. Before the day of the closing ask your Realtor exactly how much you’ll need to have on hand.

Done! Once you’ve completed those easy steps, you’ll have your home in Austin Texas.

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This site is intended for clients that are not currently registered with a Broker. If you have a current Buyers Representation Agreement signed with another Texas real estate Broker, please contact your Agent or Broker. Texas Real Estate Commission Consumer Protection Notice