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Stay Within Your Price Range

real estate

Don’t set yourself up for embarrassment or disappointment by looking at homes that you can’t afford to buy. You may feel that my advice is just a matter of common sense and really doesn’t need to be said. The sad reality is, however, that many people begin looking at homes that are not within their reach. Some even go so far as to make an offer on a house, only to find out later that the mortgage lender cannot justify loaning them all the money they will need to make the purchase. This is, of course, embarrassing because the sellers, who took their home off the market, now know that the buyer is not capable of completing the sale.

Another danger of looking at homes above your price range is the emotional letdown that you experience when you finally return to your proper price range and discover that these homes cannot possibly comparer with those that are more expensive.


In order to avoid this embarrassment and disappointment, the first step is to visit a mortgage lender who can tell you what you can afford before you begin house hunting. You will receive vital information such as the amount of down payment required, total closing costs, and expected monthly payment.


The second step is to visit with your REALTOR® to arrange for the inspection of homes that are on the market. Be sure to share the information you received from the mortgage lender with your REALTOR®. This will enable the REALTOR® to know your limitations and act accordingly.

These two steps will enable you to spend your time looking at homes that are definitely within your price range. House hunting is much more enjoyable when you know that you are financially qualified to purchase every home you see. Once the right home comes along, you can make an offer with the assurance that you will be able to complete the sale.

ADVISE: House hunting can be a positive experience if you go about it in the proper manner as outlined above. Find out what you can afford at the outset.

Gena Upchurch
CENTURY 21 Upchurch Real Estate

P.S. You are welcome to email me with any questions you may have about your real estate. I will be most happy to help you. If I don’t know the answer, I will find someone that does!



Texas law requires all real estate licensees to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords.
Texas Real Estate Commission Information About Brokerage Services
Texas Real Estate Commission Consumer Protection Notice

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CENTURY 21® and the CENTURY 21 Logo are registered service marks owned by Century 21 Real Estate LLC. Century 21 Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each Office is Independently Owned and Operated. Listing information is deemed reliable but is not guaranteed accurate.

The CENTURY 21® brand received the highest numerical score among full service real estate firms for first-time and repeat home buyers and sellers in the proprietary J.D. Power 2014 Home Buyer/Seller StudySM. Study based on 4,800 total evaluations measuring 5 firms and measures opinions of individuals who sold a home in the past 12 months. Proprietary study results are based on experiences and perceptions of consumers surveyed March 2014 - May 2014. Your experiences may vary. Visit jdpower.com.