Home Buying in Houston Area
Looking for a new home can be overwhelming, especially in Houston where you have a variety of options. No matter if you’ve been a resident here for decades or are a new transplant, we understand that you have a personal checklist for what you’re looking for in your next home. Knowing your needs and allowing an established realtor hone in on your best options can save you time, money, and stress.
With knowledge and access to varying Houston communities and schools along with what other amenities you may be looking for, the skilled realtors at Equinox Realty Group can assist you in finding your dream home.
How much mortgage payment can I afford?
To calculate how much house you can afford, we take into account a few primary items, such as your household income, monthly debts (for example, car loan and student loan payments) and the amount of available savings for a down payment. As a home buyer, you’ll want to have a certain level of comfort in understanding your monthly mortgage payments.
While your household income and regular monthly debts may be relatively stable, unexpected expenses and unplanned spending can impact your savings.
A good affordability rule of thumb is to have three months of payments, including your housing payment and other monthly debts, in reserve. This will allow you to cover your mortgage payment in case of some unexpected event.
How does your debt-to-income ratio impact affordability?
An important metric that your bank uses to calculate the amount of money you can borrow is the DTI ratio — comparing your total monthly debts (for example, your mortgage payments including insurance and property tax payments) to your monthly pre-tax income.
Depending on your credit score, you may be qualified at a higher ratio, but generally, housing expenses shouldn’t exceed 28% of your monthly income.
For example, if your monthly mortgage payment, with taxes and insurance, is $1,260 a month and you have a monthly income of $4,500 before taxes, your DTI is 28%. (1260 / 4500 = 0.28)
You can also reverse the process to find what your housing budget should be by multiplying your income by 0.28. In the above example, that would allow a mortgage payment of $1,260 to achieve a 28% DTI. (4500 X 0.28 = 1,260)
Homes For Sale in The Galleria Houston
The Galleria is one of the most sought after areas in the Houston housing market. If you are looking for luxury living in an exciting part of the city close to everything, this may be the place for you. The Galleria is home to excellent shopping, restaurants, and entertainment for all ages.
Whether you are a single professional, or a family, looking to purchase a home in The Galleria area of Houston, we can help you. Our realty experts stay on top of all of the available listings to help our clients find their dream homes. This includes luxury homes, condos, and more.
We understand everyone has their own unique criteria for what they are looking for. In a competitive market working with our realtors can help you to find the best home for your specific needs. This housing market can be difficult to navigate on your own, reach out to us today to find the perfect space in The Galleria.
Homes For Sale in The Heights TX
The Houston Heights is a popular neighborhood for home buyers looking to invest in an up and coming neighborhood. Whether you are looking to sell your current home in this Houston neighborhood or are interested in purchasing a property, our team of highly skilled and experienced real estate agents can help you.
We understand how difficult the process can be. This is why we work with you every step of the way to help navigate you. Whether you have a specific list of requirements for your next home purchase or need help exploring the available properties on the market, we can help.
The available listings are changing everyday. If you are looking for our expert advice and excellent customer service to help you through the home buying process contact us today.
Homes For Sale in Inner Loop Houston
When people think of city living in Houston, they are referring to homes and properties within the inner loop of Houston. These homes vary greatly in price, location, and style. Whether you know exactly what you are looking for or are in need of our expert advice to guide you in the right direction, we can help you.
Many factors go into picking the perfect home, this includes the school district your home is in, the culture of your neighborhood, the architecture of the homes around you and more. Make sure you are investing in a space that you love for you and your family when you work with Equinox Realty Group.
Homes For Sale in Houston Museum District
The Houston Museum District is home to more than some of the nation’s best museums. It also has some of the most gorgeous and unique residential properties in the Houston area. These homes range from older large properties to newer single family homes. Our team can work with you to narrow down the available listings and show you exactly what you are looking for.
If you are selling your home in this area we can help your property get the exposure it needs to be successful. We have a track record of success helping our clients sell their homes for the sale price or higher. Let us help you gain exposure with an open house, so you can get the value you deserve out of your home.
Do Open Houses Work?
This is a common question from both sellers and real estate agents — and the short answer is yes. According to the Zillow Group Consumer Housing Trends Report 2018, 72% of sellers in urban areas, 63% of sellers in suburban areas and 47% of sellers in rural areas hold an open house.
What is an open house?
An open house is when home buyers and the general public are invited to tour a home for sale. Generally, open houses occur on weekends, are held in the late morning or afternoon, last a few hours and are hosted by the seller’s real estate agent. The agent will typically market the event with open house advertisement methods like signs, flyers and online listings to attract buyers.
Who attends an open house?
You’ll mostly see potential buyers at an open house — but you may also find other people, including:
- People passing by
- Real estate agents
- Future home buyers who aren’t ready to buy yet
- Sellers who are interested in seeing comparable homes in the area
Why Should I Work With A Realtor?
Working with a realtor can be extremely helpful when you are looking to buy or sell your next home. Realtors have a wealth of knowledge when it comes to home values, neighborhoods, the current market, and more. They are highly skilled negotiators who are invested in helping their clients get exactly what they are searching for. They have access to databases that give them in-depth knowledge about properties in the area. Additionally, they have community connections which can help you to find homes as they become available or gain the exposure you need to sell your home quickly and for the price you desire.
When you work with the experienced and skilled realtors at Equinox Realty Group, we help make home buying a breeze. We understand it can be an overwhelming process for both buyers and sellers, this is why we work with you every step of the way to ensure everything goes as smoothly as possible.
From single family homes to luxury condos downtown, our team does it all. Let us help you find the home of your dreams with our expertise and experience.
How Long Does It Take To Sell A Home?
There are many different variables that go into selling a home. Right now properties are going quickly, oftentimes for more than the original listing price because there are so many people interested in moving to Houston. When you work with our team we will put in the effort to have your property seen by as many people as possible quickly.
We take all the steps possible to network and get your home seen on the market. We know when you are interested in selling your property you don’t want it to sit for weeks or months. This is why working with an establish realty group is the right choice for sellers.
Our team will host open houses, market your listing online, and get it the attention it needs to attract the right buyer. Whether you have a small home or a massive luxury property we have got you covered.
Equinox Realty Group in Houston
Equinox Realty Group, is a Texas real estate firm, located at 1980 Post Oak Blvd Suite 100, Houston, TX 77056. Equinox Realty Group provides a wide-range of real estate services. Consumers continue to find value in having a real estate professional help them through the home buying and selling process. The wide variety of services real estate professionals provide are proving ever more valuable in real estate transactions(financing twists and sales contract intricacies). Please view Equinox Realty Group current listings or sold listings. Recently serving clients in areas Garden Oaks, Northwest Houston, Waller.
Buyers and sellers give high marks to real estate agents for the expertise and professionalism they bring to the real estate transaction.
Equinox Realty Group
1980 Post Oak Blvd Suite 100,
Houston, TX 77056