I really like Ron's answer, but I think you are asking what prices are like and what you might need for downpayment and closing costs. Coming from NY, you will have sticker shock the opposite way. Our prices here look like bargain basement items in comparison. As a young, single woman with no children, you will probably want a smaller house, townhouse or condo. Prices can range anywhere from under $100k to many times that depending on the neighborhood. Need to know more about your lifestyle and where you might work. Houston's commute times are long and will probably get longer as so many are moving in to the area.
As many have suggested, you should contact a lender to get an idea of what you can really afford and choose a Realtor to be YOUR agent. There are many very qualified professionals on this forum and we would all love to help you and have you as a client.
Arnold Richie, RealtorÂ®
Terry Burnaman Realtors
From there speak with a lender or lenders to get some ideas of what costs you will incur in a typical purchase. Save as much as you can for unexpected expenses as well.
Hope this helps.
Don Groff | REALTORÂ® & Mortgage Broker
Austin Real Estate Pros & 360 Lending Group
o 512.669.5599 | m 512.633.4157 | firstname.lastname@example.org
websites: http://www.AustinListed.com | http://www.360LendingGroup.com
The Houston area boasts anything from very affordable homes to multi-million dollar homes. We are one of the least expensive major cities in the nation, but the answer to your question depends largely on your budget.
With an FHA loan, you only need 3.5% down, and I can negotiate that the Seller pay for your closing costs. Then you just need another $1,000 or so for the other out of pocket expenses for the survey (if the Seller can't provide one), the appraisal, and a home inspection.
I have a fantastic lender I can refer you to, if you don't already have one. Please call me with any other questions at 713-890-9108.
Master Certified Negotiation Expert
Are you shopping for a Home? It may seem backwards to shop for a mortgage before you shop for the house, but there are several reasons for doing this. Shopping for a mortgage will also help if you can get â€œpre-approvedâ€ for the amount youâ€™d like to borrow. This means the lender has looked over your credit and financial statement and agreed to lend you the money. Sellers like pre-approved buyers because thereâ€™s less risk the deal wonâ€™t go through. First, youâ€™ll find out how much you can borrow, which has a lot to do with how much house you can buy.
Whether youâ€™re, buying, building or Re-Financing your dream home, you have a lot riding on your decision. Market conditions and mortgage programs change frequently, and I welcome the opportunity to serve your needs with quick and accurate real estate financing advice. I have the expertise and knowledge to help you determine the absolute best loan program to meet your objectives. Get my Top 25 Questions for FREE that you should be asking your lender before you choose them to secure a mortgage along with a FREE copy of The 8 Deadly mistakes to avoid when buying a Home. If you are already working with a lender, donâ€™t be shy to give me call so I can price the same mortgage for you with less cost. What do you have to loose but your money?
Ensuring that you make the right choice for you and your family is my ultimate goal. I am committed to providing my customers with mortgage services that exceed their expectations.. As always, you may contact me anytime by phone, fax or email for personalized service and receive expert advice from a Bank Mortgage Banker who is responsible for the decisions on all mortgages coupled with over 17 years of experience in the industry.
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Joe Cano - Realtor/Locator
No pizza. No DVDs. No new clothes.
How a garage sale and get rid of everything that you don't use everyday.
Don't charge anything.
Get your credit accounts, esp credit cards, with 20% of their limit.
Sock as much into your savings that you can.
I suggest you research some neighborhoods like, West University, Montrose, Rice Village, Heights, Bellaire and see what appeals to you. These areas are attractive to young buyers. They are close to Downtown, Medical Center and have amenities and 'things-to-do' that appeals to a lot of folks. Once you get an idea, then you can check what type of housing is available and the prices associated with them, so you can make an educated guess as to what minimum amount you must have in order to be able to move into a home. Another factor you should consider is getting in touch with a lender that can give you an idea of what you can afford, which in turn will give you an idea of what you can spend every month on your mortgage payment and what you are comfortable buying.
If you need some lender references, I can provide some. If you have any questions, I can help answer, please contact me at the information below.
Best wishes for your move.