Home Buying 101 Texas Info

Get a pre-approval letter from a lender. This shows sellers you are a serious buyer in competitive markets like San Antonio or Fort Worth.

If you are a first-time buyer, several state-run programs can help with down payments:

In Texas, title companies handle the closing process. They ensure the title is clear of liens and coordinate the signing of all legal documents. home buying 101 texas

They understand local market trends and can help you navigate "Option Periods" (a uniquely Texas concept).

In Texas, the standard TREC Residential Contract usually includes an . Get a pre-approval letter from a lender

Before looking at houses, you need to know what you can afford. Texas has no state income tax, but it does have some of the highest property tax rates in the country.

In most cases, the seller pays the commission for both agents, meaning professional representation often costs the buyer nothing out of pocket. 3. The "Option Period" & Inspections They ensure the title is clear of liens

You pay a small fee (e.g., $100–$500) for the right to terminate the contract for any reason within a set window (usually 7–10 days).