7 Interesting Questions Buyers Asked This Week

Every week, prospective homebuyers come with unique questions about the home-buying process, market conditions, and what to expect when making such a big investment. Here are seven intriguing questions we received this week—along with the answers you might be wondering about, too!

1. “Should I wait for interest rates to drop before buying?”

Interest rates fluctuate, and while waiting might seem like a good idea, home prices could continue to rise, canceling out any savings. Plus, buying now means you can always refinance later if rates drop!

2. “How much should I really budget beyond my down payment?”

Many buyers focus only on the down payment, but don’t forget about closing costs (2-5% of the home price), inspections, property taxes, HOA fees, and ongoing maintenance. Knowing your full budget upfront prevents surprises!

3. “How do I know if I’m overpaying for a home?”

A good real estate agent (👋 that’s us!) will provide a comparative market analysis (CMA) to ensure you're paying a fair price based on recent sales and market trends. You can also look at price per square foot and days on market to gauge competitiveness.

4. “Are there still bidding wars in 2025?”

Yes—but they’re not as extreme as in past years! In high-demand areas, well-priced homes still get multiple offers, but buyers now have a bit more negotiation power as the market shifts toward balance.

5. “What’s the biggest red flag to watch for in a home inspection?”

Foundation issues are a major concern in Texas due to shifting soils. Look out for cracks in walls, doors that won’t close properly, and sloping floors. Roof damage, plumbing, and electrical issues are also things to watch for.

6. “Is new construction a better investment than a resale home?”

It depends! New homes come with warranties and energy-efficient features but may be located in newer developments with fewer mature amenities. Resale homes, on the other hand, often offer larger lots and established neighborhoods.

7. “How long does the home-buying process actually take?”

Once under contract, it typically takes 30-45 days to close if financing is involved. However, the full process—from pre-approval to finding a home—varies based on the market and how quickly you find the right property.

Thinking about buying a home and have questions of your own? Let’s chat! 🏡💬