Back to Blog

    Buying a Home: Today vs. Ten Years Ago

    home buying real estate market first-time buyers

    Buying a Home: Today vs. Ten Years Ago

    BUYING A HOME — if you haven't gone through the process yet, I'm sure you will one day. I'm here to walk you through each step of the process. But FIRST, let's hop on a time machine to see how different things were ten years ago.

    2012 vs. 2022

    When you google "Buying a house in 2012" you get headlines about record-low prices and incredible deals. If you ask me, it's always a good time to buy a home but 2012 was a REALLY good year. Today's headlines? A completely different story — bidding wars, record prices, and fierce competition.

    The Home Buying Process (Then and Now)

    1. Understand why you want to buy a house — Yes, this may seem obvious but remember your WHY!
    2. Check your credit score
    3. Create a housing budget — Making a plan will help everything roll smoothly
    4. Save for a down payment
    5. Shop for a mortgage
    6. Hire a real estate agent — You want an agent that is comfortable, confident, and successful in this current market
    7. See multiple homes — Open houses are great! Today you also have virtual walkthroughs and FaceTime tours!
    8. Make an offer — These days there's no time to wait. You've gotta make an offer fast and furious
    9. Get a home inspection — This step is crucial. Always has been, always will be
    10. Negotiate repairs and credits
    11. Secure your financing — This also includes making NO OTHER LARGE PURCHASES!
    12. Do a final walk-through
    13. Close on your house — Welcome home
    The main difference these days is hiring an agent that is ON TOP OF THE MARKET — somebody that can move quickly and efficiently to get you into the home of your dreams.

    If you or somebody you know is looking to buy or sell, CALL US! We are here and ready to help you rock this market!

    Sandee Payne

    Associate Broker · Designed 2 Sell Real Estate Group, eXp Realty

    Sandee Payne is a Texas REALTOR®, real estate coach, and speaker who helps agents build listing-based businesses with proven systems and mindset strategies.

    More about Sandee