While many of our clients are veteran home buyers, just as many are first-timers, haven’t bought a home in many years, or haven’t bought property in Texas (and things do vary some from state to state). So today I thought I’d take a few minutes to outline how we go about it here in Austin.
Step One: SECURE FINANCING
Austin’s condo market is hotter than its August temperatures, so it’s important to show a Seller you mean business. Either a letter from your bank declaring assets sufficient for a CASH PURCHASE or a pre-qualification letter from a lender stating your eligibility for a MORTGAGE will be needed to get your foot in the door when presenting an offer.
The first step for non-cash Buyers, then, is to get pre-qualified for a mortgage. Different…