Are you finding it more difficult to purchase a home?

Are you getting sticker shock from home prices? The bad news is it gets even worse for most home buyers. In addition to inflation pushing up home prices, the closing costs associated with a financed purchase are also something that is not insignificant. When a buyer makes a home purchase, they don’t pay any realtor commissions (at least, not in Texas) but they have other closing costs associated with a loan/mortgage. These costs in addition to title company fees can be around 3.5% of the purchase price or even more and that’s not even factoring in the down payment on the house and if the buyer isn’t putting down 20%, there will most likely be escrow fees that the lender will want prepaid for property taxes and homeowner’s insurance. So there’s another big chunk of money needed. This is why it’s so important to take advantage of the Home Smart Rebate program through Michael Creedon. Remember, it doesn’t cost you anything and the rewards are more than nominal. It can make the difference between being able to afford a home or not and at the very least, it’s free money to help offset a significant portion of your closing costs no matter what your situation is. The only limit is the home purchase price must be $200,000 or more, which in this market is going to be the case unless you’re buying a home that needs a ton of work. We serve all of Texas for new construction purchases and the greater Houston area for all other transactions such as buying a pre-owned home and selling a pre-owned home. Call or email me today and I will gladly walk you through the process of buying or selling a home.