HOW TO BUY A HOUSE IN DFW

Buying a home is one of the biggest milestones in life, but the process can often feel overwhelming—especially in a dynamic market like Dallas-Fort Worth.

Whether you’re a first-time buyer or experienced in real estate, having a clear roadmap makes all the difference.

In this guide, we’ll give you a thorough breakdown of the home-buying process, from securing financing to finding the perfect neighborhood and finally getting the keys to your new home.

With the right steps in place, you’ll feel confident and ready to navigate the DFW market like a pro!

 

How to Buy a Home in DFW

  • Work on your credit and debt (if need be)
  • Understand your costs. See examples below
    • Down payment of 3% to 20% 
    • Closing costs 2% to 5%
    • Inspection $300 to $500
    • Appraisals $400 and $600
    • Broker fee 5% to 6%
  • Hire a REALTOR
  • Find a mortgage lender (Your REALTOR can refer you to some)
  • Start browsing and driving around areas to get a feel for where you want to live and what kind of property you want
  • Fill out your loan application to see how much money you qualify for
    • The documents that you typically need for a loan application are:
      • Driver license/photo ID
      • Pay stubs (30 days)
      • W2 or 1099s (2 years)
      • Bank statements (60 days)
  • Get pre-approved for a mortgage
  • Start house hunting with your REALTOR
  • Make an offer on a home
  • Negotiate the offer and terms (if needed)
  • Get a home inspection
  • Finalize your mortgage application
  • Get homeowner’s insurance
  • Final walkthrough
  • Closing day

 

The McDonald Group is here to help.

Do you have more questions or need assistance? Fill out the form below or call 214-233-6809 to get started on your real estate journey. 

Click here for the TOP 8 strategies to ensure a successful home-buying process in DFW.

Search for homes here

PropertyPress IDX Search Widget
Join our mailing list.
Thank you for subscribing!