Common FAQs

1. What is the first step in buying a home in Houston, Texas?

 

The first step to buying a home in Houston is to get pre-approved for a mortgage by a reputable local lender. Understanding your budget and financial strength allows you to search for Houston houses for sale with confidence. Pre-approval also makes your offer more attractive to sellers in the competitive Houston real estate market.​

​

2. How much money do I need for a down payment on a Houston property?  

 

Down payment requirements in Houston typically range from 3% to 20% of the home’s purchase price, depending on the mortgage program you choose. Many first-time home buyers in Houston can access special loan programs with lower down payments, making home ownership accessible in popular neighborhoods like Midtown, The Heights, and Memorial.

 

3. What closing costs should I expect when buying a home in Houston?​

 

When purchasing residential real estate in Houston, closing costs generally range from 2% to 5% of the final sales price. Common Houston closing fees include appraisal charges, title insurance, lender fees, and escrow services. Your Houston real estate agent or mortgage broker can help you estimate these costs upfront.

 

4. Do I need a Houston real estate agent to buy or sell a home?

 

While it’s not legally required to use a Houston REALTOR®, partnering with an experienced Houston real estate agent is highly recommended. Local agents understand current market trends, pricing strategies, and can identify the best neighborhoods—such as West University, Bellaire, or River Oaks—to match your needs. They also negotiate offers and handle paperwork efficiently.

 

5. How do I determine my home’s value before selling in Houston?

 

Before listing your Houston home for sale, request a Comparative Market Analysis (CMA) from a Houston real estate agent or hire a professional appraiser. They will evaluate local comps, market trends, and your home’s features to set the right price for your property in the dynamic Houston housing market.

 

6. How long does it take to sell a home in Houston?  

 

On average, homes in Houston neighborhoods sell within 30 to 60 days, but actual days on market can vary by area and price range. Homes in sought-after Houston zip codes or near top-rated school districts may sell even faster due to high buyer demand.

 

7. What are the most common contingencies in purchase contracts for Houston homes?  

 

Standard purchase agreements in Houston include contingencies for home inspections, buyer financing, and satisfactory appraisals. These Houston real estate contract clauses protect buyers if issues arise with the property condition or with securing a mortgage in Texas.

 

8. What should I look for during a Houston home inspection?  

 

During home inspections in Houston homes, focus on the foundation (due to Houston’s soil), roof condition, HVAC systems, plumbing, electrical, and past flooding or water damage. Hiring a licensed Houston area inspector familiar with common local issues is highly advised.

 

9. Can I buy a Houston house with bad credit?

 

Yes, certain Houston home loan programs and FHA or VA loans are available for buyers with lower credit scores. However, improving your credit can help you qualify for better mortgage rates and broaden your options among Houston homes for sale.

 

10. What home improvements add the most value before selling in Houston?

 

If you’re preparing a home for sale in Houston, upgrading kitchens and bathrooms, enhancing curb appeal, and adding energy-efficient features often offer the highest return on investment. These improvements are frequently searched for by buyers looking for property in Houston’s top neighborhoods.

 

11. How much are property taxes in Houston, Texas?

 

 Property taxes in the Greater Houston area typically range from 2% to 3.5%, depending on the city, county, and local tax rates, such as those in Harris County or Fort Bend County. You may qualify for homestead and other property tax exemptions on your primary Houston residence.

 

12. Are there flood zones I should be aware of when buying a home in Houston? 

 

Yes—Houston is known for its flood-prone areas. It’s vital to check FEMA flood maps and consult your Houston REALTOR® about flood zones in neighborhoods like Meyerland or Braeswood. Consider purchasing flood insurance when buying a home in the Houston metropolitan area.

 

13. How do multiple offers work when buying a Houston home?

​

 In hot Houston housing markets, sellers may receive multiple offers and ask buyers for their "highest and best" bids. A skilled Houston real estate agent can help you draft a competitive offer and negotiate terms to secure your ideal property in Houston.

 

14. Is it better to buy or rent in Houston right now?

 

 Whether you should buy or rent in Houston depends on your long-term goals, budget, and current real estate trends. Buying a home in Houston allows you to build equity, while renting may offer more flexibility—especially in popular areas like Downtown Houston, Midtown, and the Med Center.

 

15. What happens at closing when purchasing a home in Houston?

​

At the Houston home closing, buyers and sellers meet (often with a title company) to sign final paperwork. Funds are transferred, and the title is officially recorded. Once closed, you’ll receive the keys and can move into your new Houston home!​

 

Let us help you navigate every step of your Houston home buying or selling journey!