Now that you are pre-approved and have decided on the area you want to live in it is time to start searching for your Spring TX home. At this point you are going to have a list of homes that you have identified from your web search. We can then schedule a time that works for both of us to look for your home.
I don't recommend looking at more than 10 Spring TX homes at a time. I have found if you look at more than that it becomes difficult to remember what you have seen. You are going to want to bring a notebook along so you can take notes as we go. If you can tell that a home is not going to work then it is best just to move on to the next home.
My real estate mentor years ago gave me some wise advice. She told me to never sell a house that I couldn't resale. I have taken her instructions to heart and as we go through the Spring TX homes I will be looking for anything that would make this home hard to re-sale down the road. There are many things that can make a home hard to re-sale. What does the home back up to? It can be hard to re-sale homes that back up to businesses or roads. In our area a 2 bedroom one bathroom home would be another example of being functionally obsolete. Almost all homes in our area have at least 3 bedrooms with 2 bathrooms.
In the Spring TX area where the master bedroom is located is a big deal also. Most buyers prefer either a one story or the master bedroom downstairs. If you buy a home with all bedrooms up you just have to realize when you go to re-sale the home it might take a little longer and you will probably not get as much for your home. On the plus side you probably got a good deal when you bought the home. I have to admit we did not realize this when we bought here almost 13 years ago and coming from the north all of our bedrooms are upstairs. Back then my husband was a day sleeper so I don't know that we would have bought with a master bedroom downstairs anyway.
Once you have narrowed down the homes that you are interested in we will want to compare these homes to other homes that have sold in that area in the last 6 months. Sometimes this will tell you that the home is priced good and other times it might tell you that the home seems to be a little over priced for the area. Recently I did comparatives for a client and we found that the home was fairly overpriced; in doing the comparatives we found another home that was priced good with similar square footage. In this case my client ended up buying the comparative. Doing a buyer's comparative analysis will then give you the information you need to make an educated offer. My next post will cover what price to offer for your Spring Texas home.
This is a Spring TX first time home buyers series and as I add additional post I will add the links. Please feel free to visit my prior post.
- Spring TX First Time Home Buyers Guide - Part 1 - Loan Pre-approval!
- Spring TX First Time Home Buyers Guide - Part 2 - The Web Search!
- Spring TX First Time Home Buyers Guide - Part 3 - The Home Search!
- Spring TX First Time Home Buyers Guide - Part 4 - What price do we offer!
- Spring TX First Time Home Buyers Guide - Part 5- The Home offer!
- Spring TX First Time Home Buyers Guide - Part 6 - The Texas option fee and your home inspection!
- Spring TX First Time Home Buyers Guide - Part 7 - The Title policy
- Spring TX First Time Home Buyers Guide - Part 8 - Why you need to live in an HOA!
- Spring TX First Time Home Buyers Guide - Part 9 - What to bring to your closing!