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Tammy Templin
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tammy@tammytemplin.com
(512) 796-5559 (mobile)
(512) 263-5655 (office)
907 Ranch Road 620 South
Suite #202
Austin, TX 78734 [Map]
Equal Housing Opportunity REALTOR(r), MLS

Texas Real Estate Commission Consumer Protection Notice

Texas Real Estate Commission Information About Brokerage Services

For Buyers

The homebuying process can seem complicated, but if you take things step-by-step, you will soon be holding the keys to your own home!

Nine steps to buying a home
  1. Figure out how much you can afford
  2. Know your rights
  3. Shop for a loan
  4. Learn about homebuying programs
  5. Shop for a home
  6. Make an offer
  7. Get a home inspection
  8. Shop for homeowners insurance
  9. Sign papers
Step 1: Figure out how much you can afford

What you can afford depends on your income, credit rating, current monthly expenses, downpayment and the interest rate. The calculators below can help, but it is best to visit a lender to find out for sure.

How much home can you afford?
Buying vs. Renting

Need help with your downpayment and/or closing costs?

Home buying programs in your state

A housing counselor can help you figure out how to manage and pay off your debt, and start saving for that downpayment!

Find a housing counselor near you
Step 2: Know your rights
Fair Housing: Equal Opportunity for All - brochure
Real Estate Settlement Procedures Act (RESPA)
Borrower's rights
Predatory lending
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Step 3: Shop for a loan

Save money by doing your homework. Talk to several lenders, compare costs and interest rates, negotiate to ge t a better deal. Consider getting pre-approved for a loan.

Looking for the best mortgage: shop, compare, negotiate - br ochure
Let FHA help you
Step 4: Learn about homebuying programs Homebuying programs in your state

FHA loan programs offer lower downpayments and are a good option for first-time homebuyers.

Let FHA help you
HUD's special homebuying programs
Good Neighbor Next Door Program - for police officers, teachers, firefighters and emergency medical technicians
Homeownership for public housing residents
Indian Home Loan Guarantee Program (Section 184)
Step 5: Shop for a home
Choose a real estate agent
Wish list – what features do you want?
Home-shopping checklist – take this list with you when comparing homes
"Fixers-upper" - home purchase and repair programs
Manufactured (mobile) homes
Build a home

If you choose a home in a neighborhood with a Home Owners Association (HOA), be sure to request a copy of the HOA packet, so you can review before closing.

Back to Top Step 6: Make an offer

Discuss the process with your real estate agent. If the seller counters your offer, you may need to negotiate until you both agree to the terms of the sale.

Making an offer
Step 7: Get a home inspection

Make your offer contingent on a home inspection. An inspection will tell you about the condition of the home, and can help you avoid buying a home that needs major repairs.

For Your Protection Get a Home Inspection
10 Questions to ask a home inspector
Step 8: Shop for homeowners insurance

Lenders require that you have homeowners insurance. Be sure to shop around.

Homeowners insurance
12 ways to lower your homeowners insurance costs
Step 9: Sign papers

You're finally ready to go to "settlement" or "closing." Be sure to read everything before you sign!

Settlement Costs and Helpful Information
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