Buyer's Tips & Articles

Decide how much home you can afford. Generally, you can afford a home equal in value to between two and three times your gross income.

Develop a wish list of what you’d like your home to have. Then prioritize the features on your list.

Select three or four neighborhoods you’d like to live in. Consider items such as schools, recreational facilities, area expansion plans, and safety.

Determine if you have enough saved to cover your downpayment and closing costs. Closing costs, including taxes, attorney’s fee, and transfer fees average between 2 percent and 7 percent of the home price.

Get your credit in order. Obtain a copy of your credit report.

Determine how large a mortgage you can qualify for. Also explore different loans options and decide what’s best for you.

Organize all the documentation a lender will need to preapprove you for a loan.

Do research to determine if you qualify for any special mortgage or downpayment-assistance programs.

Calculate the costs of homeownership, including property taxes, insurance, maintenance, and association fees, if applicable.

Find an experienced REALTOR? who can help you through the process.

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Why Specialized Realty for buying Foreclosures?

• Our firm specializes in Texas foreclosure properties.
• Our agents are foreclosure experts.
• Our foreclosure focus experience helps us to keep you from potential penalties.
• Our foreclosure expertise ensures a smooth process for our buyers.
• Our experience in working with foreclosures helps you avoid any unforeseen penalties.
• We can make you aware of foreclosures before they go on the market.
• SRG buyer's agents represent the buyer, not the seller.
• We offer a market analysis to assist with negotiations.
• We have connections with lenders and mortgage who know foreclosures best.
• We work with foreclosures on a daily basis, so we know when a "hot deal" comes up.
• We offer foreclosures throughout North Texas.
• We have connections with lender and mortgage providers with hands-on experience working with foreclosures.

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