Are You Ready To Buy A Home In Dallas?

By dallasrealtor | May 20, 2009

You may feel like you’re ready to own Dallas real estate – and you’re not alone.  Thanks to the resilience of the housing industry in Texas, more families are enjoying a healthy economy in and around the Dallas area.  However, are you truly ready to buy a home in Dallas?  Here’s a quick checklist to determine if you’ll become a homeowner:

1. You’ve had a steady job for two years or more.
2. You’ve saved up for a considerable down payment – up to 15% to 20%, depending on the price of the home.
3. You’ve been doing research on what taking out a mortgage will mean for your budget, and you’ve determined that you have more than enough income to support monthly mortgage payments.
4. You have very little debt; in fact, any debt that you owe is considered “smart” debt (i.e. student loans) as opposed to “toxic” debt (i.e. credit cards).

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