Buying 101 Texas: Home

Get a pre-approval letter from a lender. This shows sellers you are a serious buyer in competitive markets like San Antonio or Fort Worth.

Your lender will require an appraisal to ensure the home is worth the loan amount. If the appraisal comes in low, you may need to negotiate the price or cover the "appraisal gap" in cash. home buying 101 texas

You pay a small fee (e.g., $100–$500) for the right to terminate the contract for any reason within a set window (usually 7–10 days). Get a pre-approval letter from a lender

In Texas, the standard TREC Residential Contract usually includes an . home buying 101 texas

If you are a first-time buyer, several state-run programs can help with down payments: