There are a ton of benefits that come with buying and owning your own home. This includes taking advantage of tax breaks and capital gains, having a sense of freedom and financial security, and also feeling a sense of pride. Buying a home is most likely one of the largest purchases of your life, and when you sign those closing papers, we’re sure you’ll be brimming with pride.
No one can answer this question except for you. However, there are some questions you can ask yourself to bring some clarity:
The answers to these questions will shed some light on if your finances are stable enough to purchase a home.
There is no one answer to this question, as each homebuying journey is different. It can take just a day, or even months, to find the right home for you. But after your offer has been accepted, it generally takes about 30 to 45 days to close on your mortgage loan.
Generally speaking, lenders expect a down payment to be between 3.5% to 20% of the price of the home, depending on the situation. In some cases, down payment assistance will be available.
When you work with the Kay Harris team, we will make sure that all of your first-time Houston homebuyer questions are answered. We will work with you every step of the way and won’t rest until we find your perfect home!