Can You Afford to BUY A HOUSE in AUSTIN TEXAS?? 🤯

Can You Afford to BUY A HOUSE in AUSTIN TEXAS? Are you planning to buy a house in Austin, TX? Buying a home can be overwhelming, whether you're relocating to Austin or a local buying your first home. You might ask, "Can I afford this?" or "How much should I save?" In this video, I'll share 9 things you need to know before buying a house in Austin, Texas. We'll talk about the key steps in purchasing a home, hidden costs, etc. Watch until the end because I'll share how much you need to make to buy a $450,000 home in Austin.

Here's what you need to know about buying a house in Austin, Texas in 2024:
✅ Get Pre-Approved for a Mortgage: A pre-approval letter signals to sellers that you are a serious buyer and helps you understand your budget based on different interest rates.
✅ Do Your Own Research: Understand what's important to you in a neighborhood—schools, amenities, commute, etc. Research communities and compare your buying power in different suburbs.
✅ Set Up a Buyer's Consultation: Meet with a realtor to discuss your needs, timeline, and goals. A consultation helps outline the home-buying process and tailor it to your situation.
✅ Hire a Realtor: Having a realtor can help first-time buyers navigate negotiations, contracts, inspections, and closing.
✅ Make a List of Priorities: Create lists for "must-haves," "nice-to-haves," and "deal-breakers." This will help you prioritize what you need versus what you want in a home.
✅ Consider Long-Term Goals: Determine if your home purchase is for the short term (like a flip) or the long term (such as a forever home). This will impact where you should buy and the type of property you should consider.
✅ Visit Neighborhoods and Open Houses: Drive around potential neighborhoods and attend open houses to get a feel for different areas and homes. Check out both resale and new construction properties.
✅ Understand All Home-Buying Fees: In addition to the down payment, other costs include earnest money, inspection fees, appraisal fees, and closing costs. Know these upfront to avoid surprises.
✅ Define Your "Why": Clarify your reason for buying a home, whether it's downsizing, upsizing, investing, or moving for work. This will help align your home choice with your long-term goals.
✅ Cost Breakdown for a $450,000 Home in Austin: With a 5% down payment and a 7% interest rate, the estimated monthly payment would be about $3,793. To qualify, you'd need an annual income of approximately $126,400.

Do you want to know whether you can afford a house in Austin, Texas? This video will give you everything you need to know. If you have any questions about buying, selling, or anything related to #AustinRealEstate, feel free to contact me. Like this content? Hit the LIKE and SUBSCRIBE buttons for more!

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📌 ABOUT ME
I'm Steph Bartone. Welcome to my channel. I am a real estate professional from Austin—yes, that's right—I am a "unicorn," as they say. Being from Austin, I have seen this city grow rapidly over the years. My goal in this YouTube channel is to provide value to anyone currently living in Austin or considering moving to Austin by bringing relevant information about the city and its most popular communities.

I strive to bring you the BEST places to live in Austin and surrounding areas so you can be found living your best life 😎

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STEPH BARTONE
Austin Real Estate Agent
Hill Country One Realty
📲 512.557.9576
📧 [email protected]
🌐https://hconerealty.com/

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