Question 1

What is the first thing you do to buy a house

Accepted Answer

The first step in buying a house in Houston is to assess your financial readiness. Begin by reviewing your credit score and financial situation to determine how much house you can afford. Next, secure pre-approval for a mortgage from a reputable lender, as this will give you a clear understanding of your budget and make your offer more attractive to sellers. Once financially prepared, start researching neighborhoods in Houston that align with your preferences and needs. Engaging a local real estate agent who specializes in the Houston market can be invaluable, as they can guide you through the process if shopping finance options, help you identify suitable properties, and negotiate on your behalf.

Question 2

How much money should you have before buying a house

Accepted Answer

The amount of money you should have before buying a house should be 5% of your overall budget. If you are shopping in the 200's, generally you would need roughly $10,000. Factors to consider is the cost of the home, your financial situation, market trends and the type of mortgage you're seeking. Consulting with a financial advisor can help determine the specific amount you should have based on your unique circumstances.

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