Four Questions to Ask Before Buying a Home

Posted on Monday, March 2nd, 2015 at 5:03pm.

Four Questions to Ask Before Buying a Home

For many people, buying a home is one of the biggest decisions they will make in their lifetime. How do you know when you’re ready to buy? Here are a few questions you should ask yourself before starting your Austin home search:

Where Do I Want to Live?
There are lots of factors to consider when choosing where you want to live in the Austin area. One of the biggest for many Austin residents is commute times. Think hard about how much time you want to spend on the road each day. If you have children, or plan to in the future, good schools may also be at the top of your list. Many schools are happy to provide tours to prospective parents. There are thousands of neighborhoods in the greater Austin area to choose from. Our Austin Neighborhoods Guide can help you learn more about areas you are considering.

What Can I Afford?
Determining your budget for your home purchase early on can save you headaches down the road. Getting pre-approved for a mortgage puts you a step ahead in the home buying process. This crucial document will help you decide how much you can spend on a home, and help any offers you make stand out to sellers. It’s also important to consider all the costs of homeownership when deciding how much you can spend, including insurance, taxes and maintenance. Get more information on our Financing an Austin Home page.

Which Realtor Should I Work With?
Choosing a Realtor to work with is an important step to a successful home purchase. Get recommendations from friends or family. Many people are happy to recommend Realtors with whom they have had good experiences. Interview each potential Realtor to get a good idea of their experience and what they can offer you- don’t be afraid to ask questions! In the end, choose someone with whom you feel comfortable and someone that gives you confidence in their abilities. Our agents have years of experience working in Austin and are experts in the local market. Check out our Meet the Team page to browse profiles of our expert agents and read real testimonials from their clients.

How Long Will I Live in This Home?
Purchasing a home is a long-term investment. If there's a chance you might move in the next year or two, buying may not be the best option for you. Most Realtors and real estate experts recommend staying in a home for five to seven years, or longer. Be sure to factor your future plans into your home buying decision, such as starting a family or changing jobs. These life events can have a big impact on whether or not you choose to buy a home. Get advice from a Realtor you trust. Their knowledge of the market and where it's headed can help you decide if now is a good time for you to buy.

Buying a home is a huge commitment. Rushing into a home purchase before you are ready can have negative consequences in the future, especially on your finances. Take a good, hard look at the reality of your home buying situation. If you’re not 100% sure you’re ready to buy, consider holding off on purchasing a home. Talk to your Realtor about your doubts. An experienced Realtor can help answer your questions and potentially provide solutions for your concerns. Visit our Buy a Home in Austin page to get an overview of the home buying process. If you have any questions about buying a home in Austin, contact us today!

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