Are you searching for a new home in the Floresville, Texas, real estate market? This charming town is located just south of San Antonio and offers plenty of great amenities for homeowners. Here are some things you need to know before buying a house in Floresville.

Get Pre-Qualified for a Mortgage

Before checking out online listings, get pre-qualified for a mortgage if you won’t place a cash offer. This will give you an idea of how much money you can borrow and how monthly payments will be. There are many different lenders, so shop around and compare rates. According to Redfin, the median home price in Floresville is $285K. Try to get a mortgage around that figure.

Understand Your Loan Options

There are many types of loans available for homebuyers, so it's essential to understand your options before looking for a house. Some common loan options include:

• Fixed-rate mortgage: This is the most common type of loan and has a fixed interest rate for the loan duration.
• Adjustable-rate mortgage (ARM): A loan with a flexible interest rate that can change over time.
  
  
• FHA loan: This type of loan is insured by the Federal Housing Administration and is available to first-time homebuyers.
  
  
• VA loan: This type of loan is available to veterans and active-duty military personnel.

Shop Around for a Home

Once you've decided on a loan type, you can start shopping for a house in Floresville. The housing market is currently competitive, so you need to up your search game. When you find a house that you're interested in, be sure to have a home inspection performed so that there are no hidden problems with the property.

Hire a Real Estate Agent

According to the NAR, 87 percent of homebuyers use the services of a real estate agent. You should as well because agents understand the local market more than anyone else. If you're not sure where to start your search for a house in Floresville, Texas, a local real estate agent can help. They'll help you find a home for your needs and budget.

Need Help Buying a House in Floresville, Texas?

If you would rather have the knowledge and experience of working with a local real estate agent when buying a house in Floresville, Texas, or if you're unsure where to start your search, we can help. Contact us at (210) 508-3000 today, and one of our experienced real estate agents will be happy to assist you.