If you’re currently seeking to purchase a new home, chances are you’re already aware it’s perhaps one of the biggest financial decisions that you’ll ever make in your entire life. Here are three different things that you should always keep in mind when it comes to buying a home.

A Contract is Always Involved

There will be paperwork that you’ll have to sign as part of the home buying process. These papers are contracts that appear to be normal home buying contracts without you being able to negotiate; however, this could not be further from the truth, as you can always negotiate a contract at any time. A realtor is someone who can assist you with this.

Use a Realtor That You Trust

Always hire a realtor who you know will work for you and protect every interest that you have. Not just that, but a realtor will know exactly how to guide you through the process of purchasing a home, whether they have to help navigate a home inspection or negotiate on the actual price of the home.

Purchase a Home You Know You’ll Be Able to Afford

This is perhaps one of the most important tips to remember. Keep in mind that the price of a home you can afford can sometimes be different from your mortgage company’s idea of a home that you can afford. Generally, lenders believe that most people can afford a mortgage payment that totals approximately 1/3 of your total gross income; however, there are others who recommend getting closer to 28%, as all housing-related costs such as taxes, mortgage, and insurance will be taken care of.

Thank you for visiting Wayne Murray’s blog, a Houston real estate firm. If you are looking to move to Houston contact one of our agents for help finding your dream home!