Do you need that much house in Houston? 250 in houston is a big house. Make sure you know what you will pay in taxes. Find the area you want to live in. Get pre-approved then find your house. If you dont know the area get an agent but in both cases do your own research. You are paying for your agent no matter what anyone tells you. You are paying for the sellers agent as well. Dont fall into the trap of beliving that the price of the house isnt adjusted to account for the cost of commission.

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Posted by lsugradman

Member since Sep 2003

8594 posts

Posted on 3/26/10 at 8:53 am to Catman88

quote:
Do I need to go get pre approved for a loan?

Always best to do that. Doesnt take long.

quote:
Do you need that much house in Houston? 250 in houston is a big house.

Not if he wants to live close to downtown. If you want to live way out in the burbs and drive an hour to work every morning then yeah. For $250k you can get a 2/1 1000sq ft house in the Heights and drive 5 minutes to work. Depends on his situation and preferences.

This post was edited on 3/26/10 at 8:55 am

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Posted by Haughton99

Haughton

Member since Feb 2009

6124 posts

Posted on 3/26/10 at 9:32 am to Catman88

quote:
You are paying for the sellers agent as well. Dont fall into the trap of beliving that the price of the house isnt adjusted to account for the cost of commission.

I'm pretty sure if an agent were to price a house 6% above market value it would sit there a long time before selling. The agents are paid out of the profit the seller makes from selling the house. The price is set based on comps in the immediate area.

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