5 Steps Explained: The Skinny About Buying a Home in North Texas

Maybe you're ready to buy your first home, an investment property or you're a real estate connoisseur - wherever you're at, we’ll meet you there.

It's all about YOU... and we get that. 

First things first, let's connect so we can understand your needs and curate a plan to reach your goals: 

• Zero down conventional loan
• Buy & move first, then we sell your home
• Cash offer on current home & buy new home
• Need advice on updates: reno now, pay later
• First time home buyer
• Veteran, first responder or rural loan
• Grow investment portfolio

Houzable doesn't advertise on Hulu or have cool matching Polo's, so we can pass those savings on to you.

Here's a general timeline for the entire home buying process. When searching for your dream home or investment opportunity, I like to have 12 weeks, but it's common to close in as little as 4 weeks! 

Common things that can delay closing: 

• Appraiser takes a while to go out or has to return later
• Lender has required repairs
• Survey is taking extra time
• Delays in clearing title
• HOA delays

I stay on top of deadlines and my team is great about communicating & getting things done early. 

So, what's the entire buying process? It's just 5 steps:

(For those of you who want to drink from the proverbial fire hydrant, lol): 

1. Discovery: getting to know you & your goals (location, price, timeframe, wants/needs, etc.)
2. Shopping: we'll send you homes curated to your custom needs/wants, you "heart" your favs & then we'll go look at them (the fun part!)
3. Offer: once you're ready, we'll make an offer and expertly negotiate on your behalf
4. Under Contract: once you and the sellers have signed the contract, you're official!
   • Option period: provides, typically 3-7 days, to inspect, negotiate repairs and terminate. The option period is optional, you pay a nominal fee to take the seller's home off-market. 
     • Earnest money & option fee: the option fee and earnest money must be delivered within 3 days of execution, but the earnest money will be refunded if terminated during this timeframe. Earnest money goes towards your closing costs and is usually 1% of your purchase price, much like a deposit. Whereas the option fee goes back to the seller if you terminate & goes towards your closing costs if you buy the home. 
     • Inspection: you can pay for a general home inspection or other inspections at your own cost, these will reveal if there's any major repairs needed
     • Repairs: after reviewing any and all inspection reports, we'll negotiate for major repairs to be completed by the seller's prior to closing or funds in lieu of repairs.
   • Pending: once we're past the option period, we'll make sure the title company, loan officer and our team coordinate getting everything cured for closing day.
     • Requests: the title company, your lender and my team will be asking you to provide documents, sign papers, and so much more during this time. This is when the appraisal will be ordered, surveys will be completed, HOA's transferred and much more. 
     • Utilities: we will connect you with our utility concierge, at no cost to you, so they can help you set up all your utilities at your new home with ease.
     • Warranty: if it's part of your contract or something you'd like to purchase on your own, you can select a home warranty with your home at a discount. This will cover things like HVAC, water heater, washer & dryer, refrigerator, etc. 
     • Homeowners insurance: you will get quotes and select homeowners insurance for your new home. This will be paid for automatically, if you have a mortgage on your new home.
5. Closing: you'll sign your closing documents in-person or remotely, then we'll wait a few hours for funding and then you'll be the proud owner of your new home!! You'll take possession according to the details of the contract. 

Let's get started!

Go ahead and click on "register" and answer a few questions. We'll reach out to you, in the manner you prefer (text, call, email), and help you get started. 

No matter if you're just curious, you need help right away or you're planning for the future... you've found the unicorn you're looking for.  

Reach out today, you won't regret it.