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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

  • Johnny Meador made this purchase possible and was there EVERY step of the way. We couldn’t be more pleased with the service this individual provided. What a great member to have on your staff!!

    xziv Avatar
    xziv
    2/08/2020

    Casey was recommended to us by a family member. We were really nervous about selling our house in the middle of the COVID-19 shelter in place time period. We needed to sell within a month or so in order to proceed with our new build that we started back in 2019. With this in mind, Casey was ready to take the challenge.Casey and Bill showed up to the house on time, and we were all on the same page for listing time, price, and details. The next day, pictures of the house were taken, and the following day our house was on the market. The next 4 days, we had over 1,000 views, 100 saves, 12 showings, and 4 offers! None of that would have been possible without the expertise of the photos, details, and networking of Your Home Free. After a couple of negotiations with the assistance of Casey, we sold the house for a full price offer! Our house was on the market for less than a week! We are so glad we went with Bill and Casey, and would recommend them for any home sell!

    Sarah McCue Avatar
    Sarah McCue
    7/06/2020

    Great experience!!! Very knowledgeable and great team to work with. Kept us updated with the status of our home. The process was very smooth. We definitely recommend their name.

    Harsh Vardhan Avatar
    Harsh Vardhan
    5/18/2021
  • The follow up and problem solving, makes his team a great choice for you Real Estate needs and wants. For example when we had to negiotiate some mistakes from the seller, Tara, my agent asked all the right questions.

    michaeljgladden Avatar
    michaeljgladden
    5/12/2021

    I have bought and sold 4 houses through Bill and his team. In the process, I have saved over $80k in realtor commissions. His team provides a very high level of service and quite frankly, I don’t know why anyone would use someone else.

    billcorr11 Avatar
    billcorr11
    3/23/2021

    Have used Bill Nelson Your Home Free for two transactions now. I even referred my brother as I trust Bill Nelson and his team. Emma handled my last transaction and I highly recommend choosing Bill Nelson for your next home buy/sell transaction. This is the reason that this is a top-rated agency.

    SQ Avatar
    SQ
    5/06/2020