By Kim Buish 

There’s no denying that the Houston Real Estate market has been booming this year but there are still concerns most home buyers have.

In today’s article we will address the top 6 home buying concerns so can be more prepared if you plan on buying or searching for Houston Homes For Sale.

Concern #1 – Home Affordability

In a recent survey of home buyers across the country 27% of buyers said that affordability is their top concern since home prices have been rising fast nationwide.

Although home prices are certainly going up it’s important to keep in mind that you can still find short sales, foreclosures and fixer upper Houston Real Estate.

Concern #2 – Too Much Competition

Thanks to recent data from the National Association of Realtors (NAR) we know that 17% of buyers recently said that there was too much competition from other buyers.

Yes the Houston Real Estate market is highly competitive right now but you can make your offer stand out by doing things like: eliminating contingencies and submitting a letter to the seller.

Concern #3 – Not Enough Homes Available

14% of home buyers recently said that one of their primary Real Estate concerns was that there wasn’t enough homes (inventory) to choose from.

While the Real Estate market is competitive right now there are plenty of Houston Homes for Sale and the best way to find them is by hiring an experienced Real Estate Agent.

Concern #4 – Have To Sell a Home before Buying

This concern has been more common over the last two years and 8 percent of home buyers recently indicated that they have to sell their homes first before buying a home.

If you plan on selling a home before buying make sure your Realtor® is aware of your needs because they could help you with negotiating a rent back with the buyer so you don’t have to move out until you’ve purchased another home.

Concern #5 – Not Enough Money for Down Payment

In today’s Real Estate Market almost every industry expert recommends buyers come up with at least 20 percent for a down payment on a home.

6% of buyers indicated recently that this was a major concern for them but, you can still purchase Houston Homes For Sale with a down payment as low as 3.5 percent when you use an FHA loan.

Concern #6 – Mortgage Interest Rates Will Increase Before I can buy A Home

Last of all, but most important, 5% of home buyers recently told the National Association of Realtors that they felt mortgage interest rates would increase before they could buy a home.

Yes, rates could increase but it’s looking like mortgage interest rates could not be increased for the rest of the year thanks to economic instability in China.

Buy Houston Real Estate

To get started with buying Houston Real Estate or to search for Houston Homes For Sale contact me, Kim Buish, Realtor(R) with Red Door Realty & Associates by calling me at (713) 819-1642 or click here to connect with me online.