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Speed Up The Purchase Of Your Flower Mound Home

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Those who rent in the Dallas metro area and who are ready to buy their first Flower Mound home are understandably excited, and ready to get the show on the road! Unfortunately, recent research announced by the Daily Real Estate News revealed that in most counties in Texas, it can take up to a dozen years for families to save the 20% down payment required to buy a home. That’s a really long time, so we’ve gathered a few tips to help speed the process.

Lower the bills you currently have. Certainly you cannot eliminate credit card bills or your cell phone altogether, but you can negotiate a lower annual percentage rate (APR) on your credit cards, or reduce your satellite or cable plan, or your cell phone plan. If you really want to save up money quickly, sacrifice your cable altogether.

Cut excess or frivolous spending. This one is obvious, but do you really have to spend $5 or more at Starbucks most mornings? If you work, eating lunch out every day can really add up. Take your lunch to work, make a grocery list and stick to it. There are lots of ways to cut excess spending, and you could save hundreds per month.

Take a second job. No one wants to work more than they have to, but when you’re trying to purchase your first home, you feel like you are really working toward something worthwhile. Even a few hours in the evenings each week can bring in some extra cash for your first house account! If you have a passion or hobby, you may be able to pick up some extra money online at sites such as Etsy.

Speaking of your “first house” account, start one! Set up a separate savings account specifically for your first home. Put the money you save by not buying a coffee every morning or eating lunch out into the account, along with the money you’ve saved from reducing your household bills on such things as satellite, groceries, credit cards, etc. You will be amazed how fast the account grows!

Could you lower your current rent even further? While it may seem like a step backward to live in a lower rent home or apartment when what you really want is a beautiful new home, cheaper rents can make it possible for you to save a ton of money. Even $100 per month less rent adds up to $1,200 per year!

At Team Nelson, our Flower Mound real estate agents know it’s every family’s dream to own their own home. In some cases, it may be possible to purchase a home for less than 20% down as well. Give us a call today, and let us help you with additional ideas and suggestions for getting into your first home faster!

What People Are Saying

  • Working with Kevin was a wonderful experience. We were so unfamiliar with the area and had all the added stress that comes along with moving, Kevin knew exactly how to handle us and the situation. He put us in contact with the right people and we found the neighborhood and home we were praying...

    sarakbaird Avatar

    Kevin was spot on with the value of the house that we sold and the home that we purchased. He told us from the beginning that the home that we were purchasing was over priced by approximately $20k and sure enough the appraisal came back at his estimate. His knowledge of the market saved us...

    justajeffrey Avatar

    I was not impressed with my transaction through Team Nelson Realty. We were allowed certain concessions when making the purchase of a new home. When it came time to close Team Nelson did not uphold their end of the deal. Maybe it's old fashioned of me, but when you say you will do something, you do it.

    Jen Jl Avatar
    Jen Jl
  • Very knowledgeable about properties we were interested in. His team is very professional and helpful. Every question answered, kept in touch during entire process.

    ekchoice103 Avatar

    We moved to the area 12 years ago and the Nelsons helped us find not only the perfect home, but the perfect neighborhood, neighbors, schools, etc. It's hard to find a realty team that is patient, available and genuinely concerned in making your home buying experience pleasurable and flawless. We found that with Bill & Andra Nelson and their team and wouldn't recommend anyone else or use anyone else to buy/sell a home.

    Colleen Schaper Avatar
    Colleen Schaper

    My wife and I used Your Home Free to sell our home and they made the process so simple and painless. This was our first time to sell a home and we had a lot of questions. They responded immediately to all of our questions and or concerns. I would recommend Your Home Free to my anyone that is...

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    matthew beroth
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