Buy a Home in Austin, TX
Simply put, our goals are to help you find the perfect home, negotiate the best price and oversee a smooth closing. We represent buyers in everything residential from new to resale homes, downtown condos to lake property, and charming central bungalows to luxury golf course estates. Our agents are Austin area experts with a deep understanding of the important factors that make up your home selection criteria such as schools, communities, values and trends. Our clients consistently praise our performance and refer us to their friends and neighbors. Discover what our clients already know - hire Reilly Realtors to help you buy a home in Austin or the surrounding area.
7 Steps to Buying a Home in Austin, Texas
Everyday our agents provide our clients with information on how to go about purchasing a home. Our process is outlined below. We invite you to contact us for any assistance you need in purchasing a home in the Austin area.
1. Determine Your Goals
The first thing we do for our buyers is gain an understanding of their goals. We ask questions like: Are you buying because you need more space? A bigger yard? Are you downsizing? Do you want to be in a specific school district? Is a fixer-upper an option, or will only new do? These are the types of questions we will ask you to consider as you evaluate your goals for purchasing a home. The more you know about what you want upfront, the easier the Austin home buying process will be.
2. Understand Your Finances
It is critical in today's tight lending market to talk to a lender and get pre-approved for a loan in the early stage of your home buying effort. We can help you identify a lender, or you can use your own, but it is a good idea to start these relationships as soon as possible. Having a pre-approval letter upfront will help you understand how much you can spend, and submitting the letter with a contract for a home makes your offer look stronger to the seller. We cannot stress enough to our clients to start early on this step. We've seen buyers who wait until the last minute to take care of this important part of the process and end up with headaches and sometimes even end up losing the perfect house to another buyer. We work hard with our buyers to make sure that doesn't happen! See our Financing an Austin Home page for more details.
3. Search for homes on AustinHomeListings.com
We've created what we believe to be the best Austin Home Search tool available in the Austin, TX area. Use our site to get to know Austin neighborhoods and the types of homes available. Through our search tool, you can sign up for new listing alerts to receive emails whenever a new listing matches your search criteria. We've found that when buyers use our site to search for homes they are much more educated about the market than those who don't, and are able to make better decisions when it comes to making an offer.
4. Visit Properties
At this point, you are ready to shop! One of our Austin Realtors will help prepare a list of homes to visit. The list will include homes you specifically request to see, and others your Reilly Realtor has researched that you may not know about. Together, you will visit properties to get to know communities better, and to narrow down your list to top contenders.
5. Make an Offer and Negotiate Contract
Once you have identified the house you want to buy, your Reilly Realtor will help you determine how much to offer based on comprehensive real estate data review, prepare the contract*, review it with you, and present it to the selling party. Your Reilly Realtor will work with the other party to negotiate a contract agreeable to you and the seller, all the while keeping you informed.
*For resale homes, Reilly Realtors uses the standard "One to Four Family Residential Contract (RESALE)" promulgated by the Texas Real Estate Commission. For new home purchases, the builder typically requires the buyer to use the builder's contract.
6. Inspection and Final Negotiations
From the time you sign the contract to your actual close date is typically around 30 days. During this time, we will ensure that you perform all your contractual duties (e.g. deliver option money, earnest money, etc.) and help you perform a thorough evaluation of the property by hiring an independent home inspector. We will help you with any additional negotiations that arise based on the inspection report. Once you are satisfied with the property and final contract, the next step is to close!
7. Close on Your Home
Reilly Realtors agents are diligent about the details, so this part of the process should be the easy part (assuming your finances are ready to go and no title discrepancies arise). You will close at a title company, and once the seller receives their funds, the home is yours!
Want to learn more?
For immediate assistance, contact your Reilly Realtors agent. Alternatively, complete the contact form and a buyer specialist will be in touch with you within 24 hours. We look forward to hearing from you!