First-Time Home Buyers

If you are a first-time home buyer, use the guide below for helpful hints and tips and learn how to avoid common mistakes when buying your first home in Fort Worth, TX.

  • Pre-Qualification: Meet with a mortgage broker and find out how much you can afford to pay for a home.
  • Pre-Approval: While knowing how much you can afford is the first step, sellers will be much more receptive to potential buyers who have been pre-approved. You'll also avoid being disappointed when going after homes that are out of your price range. With Pre-Approval, the buyer actually applies for a mortgage and receives a commitment in writing from a lender. This way, assuming the home you're interested in is at or under the amount you are pre-qualified for, the seller knows immediately that you are a serious buyer for that property. Costs for pre-approval are generally nominal and lenders will usually permit you to pay them when you close your loan.
  • List of Needs & Wants: Make 2 lists. The first should include items you must have (i.e., the number of bedrooms you need for the size of your family, a one-story house if accessibility is a factor, etc.). The second list is your wishes, things you would like to have (pool, den, etc.) but that are not absolutely necessary. Realistically for first-time buyers, you probably will not get everything on your wish list, but it will keep you on track for what you are looking for.
  • Representation by a Professional: Consider hiring your own real estate agent, one who is working for you, the buyer, not the seller.
  • Focus & Organization: In a convenient location, keep handy the items that will assist you in maximizing your home search efforts. Such items may include:
    1. One or more detailed maps with your areas of interest highlighted.
    2. A file of the properties that your agent has shown to you, along with ads you have cut out from the newspaper.
    3. Paper and pen, for taking notes as you search.
    4. Instant or video camera to help refresh your memory on individual properties, especially if you are attending a series of showings.
    5. Location: Look at a potential property as if you are the seller. Would a prospective buyer find it attractive based on school district, crime rate, proximity to positive (shopping, parks, freeway access) and negative (abandoned properties, garbage dump, source of noise) features of the area?
  • Visualize the house empty & with your decor: Are the rooms laid out to fit your needs? Is there enough light?
  • Be Objective: Instead of thinking with your heart when you find a home, think with your head. Does this home really meet your needs? There are many houses on the market, so don't make a hurried decision that you may regret later.
  • Be Thorough: A few extra dollars well spent now may save you big expenses in the long run. Don't forget such essentials as:
    1. Include inspection & mortgage contingencies in your written offer.
    2. Have the property inspected by a professional inspector.
    3. Request a second walk-through to take place within 24 hours of closing.
    4. You want to check to see that no changes have been made that were not agreed on (i.e., a nice chandelier that you assumed came with the sale having been replaced by a cheap ceiling light).

All the above may seem rather overwhelming. That is why having a professional represent you and keep track of all the details for you is highly recommended. Please contact us directly to discuss any of these matters in further detail.

Local HOT spots to check out!
Thursday, October 29, 2020 TCU campus

Gotta Check It Out Within walking distance for Ryan Place residents is the beautiful TCU campus. It is certainly worth a visit. Using thoughtful master planning going back decades, TCU has invested more than $1 billion in new and renovated ... 

Read More
Sunday, October 25, 2020 West Seventh Street

Gotta Check It Out No conversation about the Cultural District would be complete without talking about West Seventh Street. A well-loved hotspot for happy hours and dinner with friends, West Seventh Street has a way of attracting an energetic ... 

Read More
Wednesday, October 21, 2020 Tillery Park Fort Worth Texas

Gotta Check It Out Tillery Park is a gem hidden on Berkeley Place, just off Forest Park. The street ends in a small shady parking lot. This park is very close to the Fort Worth Zoo. It is a Leathers & Associates playground built in 2007 by ... 

Read More
Sunday, October 18, 2020 Mira Vista Country Club - Fort Worth Texas

Gotta Check It Out Mira Vista Country Club Mira Vista has one of the best country clubs around. This isn’t one of those snooty, puttin’ on airs kinda country clubs. Mira Vista Country Club is family and community oriented. Heck, they ... 

Read More
Saturday, October 3, 2020 Log Cabin Village in Fort Worth, Texas

Gotta Check It Out In today’s world, you hold the world in your hands. You can sometimes forget that life used to be a lot slower. It can be therapeutic to experience how Americans back in the 1800s got through their days. It’s ... 

Read More