News From The Chairman

Dixon Holman

Front Real Estate



4 most frequent questions from first-time homebuyers answered

If you’re thinking of buying your first home, you’ve undoubtedly got questions about how to get started and what the process entails. Here are answers to four common first-time homebuyer questions to help you make informed decisions.


  1. Is it the right time for me to buy? You might hear conflicting ideas about whether or not it’s the right time to buy. The answer is ultimately up to you, but here are some things you should consider when deciding if buying now is the right move for you:


  • Do you have a stable source of income?
  • Are you able to make monthly mortgage payments?
  • What is your credit situation?
  • Are you prepared to cover the additional costs of homeownership, such as regular home maintenance or unexpected repairs?


  1. How do I get started? The best place to get homebuying help is from a Texas Realtor. Texas Realtors do more than show you properties. They can help you determine how much home you can afford, negotiate the best price for your dream property, and help you navigate the tricky process that comes along with purchasing a home. You can get recommendations for Texas Realtors from family or friends, or use the Find a Texas Realtor search on


  1. What’s the difference between all of these mortgage loans? You should ask your Texas Realtor to explain in more detail various mortgage loans, but here are two of the most common:


  • Fixed-rate mortgages. A fixed-rate mortgage keeps the same interest rate over the lifetime of the loan, typically 15 or 30 years. Your monthly payment will stay consistent except for adjustments on taxes or insurance.
  • Adjustable-rate mortgages. Adjustable-rate mortgages (ARMs) have interest rates or monthly payments that can fluctuate over time. While ARMs start out with lower monthly payments, they can be riskier in the long run because of their potential changes.


This is a basic overview of just two mortgage loan options, so make sure spend some time talking with your Texas Realtor about options that may work best for your situation.

  1. How much should I offer for a house I want? When you find a house you love, it can be confusing—maybe even a little scary—figuring out how much to offer. Come in too low and you may lose the house. But you don’t want to pay more than you have to either. Your Texas Realtor is the best resource to help you put together a strong offer. He or she will provide information about the local market, the home’s condition, and comparable home sales. Your Texas Realtor also will help you understand all the factors besides price that go into an offer. Be open to negotiations. You may have to go back and forth with the seller to reach the best price for both of you.


Being a first-time homebuyer is exciting, but it’s easy to get overwhelmed with the details. A Texas Realtor can provide more information about these common questions, plus answer yours. For more real estate information, I encourage you to visit