Lucky No. 13: Your Cheat Code to Buying a Houston Home

Lucky No. 13: Your Cheat Code to Buying a Houston Home

Hey future Houston homeowners! It's Jay Thomas, your friendly neighborhood real estate guy. I've been doing this for almost 20 years, helping people like you figure out the Houston real estate scene. Buying your first home is huge, and I'm here to make it easy and even fun. Here's how to handle the market in 2025:

1. Get pre-approved, not just pre-qualified.

In today's market, getting pre-qualified isn't going to cut it. Getting a pre-approval letter shows you're serious and have your finances in order. This gives you a leg up on other potential buyers because it proves to sellers that you're ready to go.

2. Find an agent who knows the local area.

Houston is made up of a bunch of different neighborhoods. A local agent can point out good deals and keep you from spending too much. A good agent will also know how to handle bidding wars and get you the best price.

3. Look Beyond the Usual Suspects

Yeah, The Heights and Montrose are cool, but don't sleep on places like Spring Branch and Eastwood. You can find some good deals and these areas are getting more popular all the time.

4.Focus on Must-Haves—Not Nice-to-Haves

Concentrate on your essentials to make quick choices when a good place pops up. With not many houses available and quick sales, deciding fast can mean you get the house, or you don't.

5. Get Ready to Move Fast

Houses in Houston's popular areas are selling super fast, sometimes in just a few days. If you spot a place that works for you, schedule a showing immediately and have your offer strategy ready.

6. Make a Strong and Smart Offer

If the market’s hot, you might need to offer at or above asking—but be smart about it. An escalation clause and fewer contingencies can help you stand out. Sweeten the deal with a bigger earnest money deposit or a flexible closing date, but don’t overextend yourself or skip the inspection.

7. Keep an Eye on Interest Rates

Mortgage rates change, and even a little change can make a big difference in what you can afford. Talk to your lender about what different rates would mean for you, and try to lock in a good rate if you can.

8. Be Flexible on Closing Terms

Price isn’t everything. Sellers might prefer a quick close or a leaseback period. Being flexible with terms like the closing date can give you an advantage without increasing your offer.

9. Don’t Skip the Inspection

Houston's weather and soil can cause problems with foundations and other issues. Always get a good inspection to protect yourself, even if you're trying to beat other offers.

10. Factor in Closing and Moving Costs

Don't forget that closing costs are usually 2–5% of your loan. It's also smart to have money ready for repairs, furniture, and utilities to smooth your move.

11. Research First

Before offering, check recent sales, property values, and any local construction plans. This way, you'll make better decisions and avoid overpaying.

12.Consider New Construction

Houston's got new houses popping up everywhere. They usually have the latest features, plus they're energy savers. Sometimes, builders offer cool perks, like help with closing costs or free upgrades, making a new house a pretty good deal.

13. Don't let emotions take over

It's easy to get super attached to a house or freak out when there are lots of offers. Try to chill, stick to your budget, and remember there are plenty of other fish in the sea.

Hello! I'm Jay Thomas, a REALTOR in Houston, Texas. Chances are you and I share a similar passion, Real Estate! I also have a passion for building businesses, working out, inspiring others, technology, sports, and people. Connect with me on Facebook and Instagram!