Houston Home Buyer Questions

Houston home buyers have many questions they frequently wish to know when considering purchasing a new home for themselves and their families and we have provided a few questions and answers below to assist with the home buying process.

For an immediate response to any of your questions regarding Houston real estate, please call (?) today to discuss Texas real estate in specific neighborhoods or to learn more about your commercial real estate options in and around the Houston area.

Texas Home Buyer FAQs

Q: I am not certain if buying a home in the current economic climate is a good idea. Isn’t it true that if I buy a home now it may not appreciate in value? Should I wait until it is more clear what is going to happen with the economy?

A: The Houston economy is still in a solid state where buying a home in Texas makes sense. When the rate of economic growth is moderating as it currently is, this is a good time for purchasing a home in Houston. Taking advantage of today’s buyer’s market is a sound investment for the future.

Q: I have noticed that the price of homes across the U.S. seems to be going down. Why should I buy a home now? Might prices of homes in Texas go down to lower home rates if I wait before making this purchase?

A: Price appreciation varies in the different markets across the United States of America. However, the Houston housing market has maintained sustainable growth. In fact, housing costs in the Houston area actual rose slightly during this same time period where there has been news about price declines in other areas of the country.

Houston home prices are still yet affordable though and this includes affordable interests rates that it is important to take advantage of now while they last. The housing market in Houston is also still at the stage wherein you can negotiate with sellers, making this a good time to buy a home in Texas.

Q: As a first-time home buyer, I can't afford to purchase the type of house I want to buy. Should I wait until my finances are better and wait until the home prices are lower so that I will be more likely to get a better deal on real estate in Houston?

A: Now is the time to get into the housing market. You might choose to wait and find that you cannot later get into the housing marketing. You will find that the price of renting a home increases while home buying prices are moderating and falling in some locations. Investing in real estate can help you to build wealth. As a homeowner, you have the opportunity to take advantage of generous tax deductions home ownership affords. You also build equity in your home and property and this can help you to transition to a larger house in the future as your family grows and as you move forward in your career.

Purchasing a starter home increases the process with which you begin to build your family’s wealth. Choosing a smaller and less expensive home to start with can establish the foundation you need to leverage your initial home purchase investment so that you can get closer to owning your dream home.

Q: I hear so many stories about the economy and the bad real estate market right now. Would I do better to wait so that I can maximize my profits later? Would it be more practical for me to wait out the market until I get a better price on the home I need to sell before I buy a bigger house?

A: Trading up in a buyer’s market is always a good idea. The bad real estate news is centered more dramatically around the real estate market in other states. Real estate news across the country outside of Texas has created an impact on Houston’s new home builder pricing strategies. This means that more incentives are being offered to maintain high sales volume. This provides you with the opportunity to negotiate a better home deal on a house that would be more expensive as you can realize a bigger overall savings, compared to the savings you would realize if you waited for greater appreciation on your existing home.

Q: Should I keep renting a home and wait to see if prices go down further than they already are? Wouldn’t this be the safer way to go?

A: Buying a home now is actually the safer way to proceed. The reason is that studies have shown owning a home to be the most effective way to build household wealth. Once you own a home, you have the ability to build up equity and wealth. When buying a home, you are also purchasing price stability, knowing that you will pay the same monthly payment for the life of your 30-year mortgage. The rental market continues to charge people increasing amounts and there is no equity that is being built as you pay often the same amount that you would for a home of your own, but without the ability to build equity or to look forward to buying a bigger, dream house as a result of purchasing a home in Houston.

Q: I have some money to invest and I’m trying to decide whether or not I should invest in the stock market or in real estate.

A: You have the opportunity to earn a big return by leveraging your investment through real estate. This is an excellent long-term option.
The percentage of your return on investment in real estate is generally much more significant by far when you purchase a home, rather than simply try to win out in the stock market. You save as a home owner both by building equity and with the tax benefits. Buying real estate in Houston is your best choice for investing in your future and the future of your family, as well as the future of your community.