Buying a New Home in Austin, Texas

Austin is the capital of the state of Texas which makes it a unique place to live. They are proud of the unique qualities that make Austin such a great place to love. Employment in the city is quite good with the University of Texas in addition to government jobs available. With lots of entertainment, the fourth largest city in Texas is a great place to begin or continue your home buying adventure.

Finding the perfect home in any city requires a planning strategy and a good Realtor. You will be glad of their advice when it comes to financing, location and availability.

Picking a neighborhood

Like all large cities, Austin has a wide variety of neighborhoods. Which one is best for you is the first step in your planning process. Things you may consider are price, commuting time and your interests. If you have a family, quality of schools is vital. Austin is also known for its nightlife and for many younger home buyers, this is part of the criteria they will be using.

Your Realtor will help you to eliminate the neighborhoods that won’t be a good fit and that can save you a lot of time. There is no point falling in love with a home you can’t afford that doesn’t have exactly what you are looking for in a home. 

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Here are a few examples:

In Central Austin, homes in Hyde Park can still be found for under $300,000. North of Austin Round Rock has a lot to offer and to the south Buda is a very popular choice.

Getting pre-qualified

Before you begin your search for the perfect home, you need to know how much you can afford to spend. You also need to know how much of a down payment you will need and what interest rate you will qualify for. With excellent credit you will get a better rate and therefore be able to handle a larger mortgage. Financing has really tightened up and it is important to have all your ducks in a row when it comes to your credit.

Once you have been pre-approved it is time to start the search. Your Realtor will be a valuable asset as you move through the process. You will be looking at a lot of homes. In order to keep the number down be sure you let your agent know exactly what you must have in your home. Many times as the process progresses, you find that things you thought you couldn’t live without are not as important as you originally thought.

Once you have found the home of your dreams, you need to make an offer. The negotiating process can go on for quite some time especially if the home is in foreclosure. Once your offer has been accepted you need to get a home inspection. You don’t want the home of your dreams to turn into a nightmare.

You are about to embark on one of the greatest adventures of your life. Buying a new home in Austin will be a great start.

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