A Houston real estate transaction is not your typical transaction. It’s a long and complex process that can sometimes leave you wondering, “when is it all going to end?” To be honest, knowing how long it will take is impossible. But that’s only if you’re not used to dealing with real estate like We Buy Fast Houston Houses. We Buy Fast Houston Houses is a property investment company that has specializes in buying and selling real estate.
If you feel ready to buy my house in Houston and you’ve found yourself over thinking and wondering what to expect, just know that you’re not alone. The nervousness that you now feel is pretty normal for someone who’s yet to buy a home or someone who hasn’t bought one for quite some time.
Working with a professional like We Buy Fast Houston Houses is a great way to find the answers that you need. If you’re interested in buying the unconventional way, you can always reach out to us.
The real estate timeline in Houston, Texas
House hunting is not the first step. Sop before you go out there, make sure you’re in the best position to make an offer in case you bump into a home that you like. This means that you need to get a pre-approval for the mortgage. A pre-approval is often valid for 2-3 months, and it’s an indication that you’re financially qualified.
Offer and acceptance
Once you get that pre-approval letter, go out there and start looking. And if you find a house that you like, making a serious offer shouldn’t be a problem. Your real estate agent can help you with the negotiations if the seller has a counteroffer or concern. This should take one to two weeks.
Inspection period
Depending on how big the house is, a home inspection can take two to four weeks. So if the seller likes what you have to offer, you can schedule an inspection right away. The good thing about working with We Buy Fast Houston Houses is you do not have to worry about what repairs you might find. We always make sure that all our homes are repaired and ready for anyone looking to buy and move in right away.
Mortgage appraisal
The bank will definitely need an appraisal once the inspection and repairs are done. It’s an important process to them because they don’t like investing without protecting their mortgage investment. In case you fall back on your payments, they want to know that they can repossess the property, resell it, and then cover the loan.
Financing review and closing
The purchase contract has to have a contingency that will allow you to bail out of the deal if the lender doesn’t approve your mortgage.
The closing day is a big day. it’s the day you arrange your down payment and sign all the loan documents.
Choose a great seller in Houston, Texas
How successful you are in buying my home will also depend on the seller. If you can’t find a serious seller, you’ll only waste a lot of time and money. Call We Buy Fast Houston House today, and we’ll help you buy fast.
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