If you’re one of the many first time homebuyers in Central Texas, this guide will walk you step-by-step through the process and give you practical tips to make the journey smooth and successful.
Buying your first home is exciting — but it can also feel overwhelming. Between financing, inspections, negotiations, and paperwork, it’s easy to wonder where to even begin.
Whether you’re looking in Fayette County, small-town communities, or surrounding areas, here’s what you need to know.
Step 1: Get Your Finances in Order
Before you start scrolling listings, the first move is understanding what you can afford.
✔ Check Your Credit Score
Your credit score plays a major role in determining your loan options and interest rate. A higher score can save you thousands over the life of your loan.
✔ Save for More Than Just the Down Payment
In Texas, first time buyers should budget for:
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Down payment (typically 3–20%)
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Closing costs (2–5% of purchase price)
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Inspection and appraisal fees
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Moving expenses
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Initial home maintenance costs
✔ Explore First-Time Buyer Programs
Texas offers programs through the Texas State Affordable Housing Corporation (TSAHC) and other local lenders that provide:
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Down payment assistance
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Competitive interest rates
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Grants for qualified buyers
A knowledgeable lender and local Realtor can help you identify which programs apply to you.
Step 2: Get Pre-Approved
One of the most important steps for first time homebuyers in Central Texas is getting pre-approved before touring homes.
Pre-approval:
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Shows sellers you’re serious
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Helps you understand your price range
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Strengthens your offer in competitive situations
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Prevents heartbreak over homes outside your budget
In smaller Central Texas markets, well-priced homes can move quickly. Being pre-approved gives you an edge.
Step 3: Define Your Needs vs. Wants
It’s easy to fall in love with beautiful finishes — but first-time buyers should focus on long-term functionality.
Ask yourself:
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How long do I plan to stay?
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Do I need room to grow?
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Is commute distance important?
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How important is land or outdoor space?
In Central Texas, many buyers must also consider:
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Septic systems vs. city sewer
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Well water vs. public water
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HOA restrictions (or lack thereof)
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Flood zones and drainage
A local expert can guide you through these rural and small-town considerations.
Step 4: Start Touring Homes
Now the fun begins!
As you tour homes, look beyond staging and decor. Pay attention to:
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Roof condition
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HVAC age
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Foundation stability
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Signs of water damage
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Electrical and plumbing updates
Homes in Central Texas can range from historic properties to newer builds — each with unique pros and considerations.
Pro tip: Don’t skip the inspection. Even if a home “looks” perfect, inspections protect you from costly surprises.
Step 5: Make a Competitive Offer
Once you find the right home, your agent will help craft an offer that balances competitiveness with protection.
This may include:
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Strategic pricing
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Smart option periods
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Appropriate earnest money
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Negotiation of repairs
The market in Central Texas can vary by town and price range. Some homes may have multiple offers, while others may allow more room to negotiate. A skilled Realtor helps you navigate both scenarios confidently.
Step 6: Navigate the Contract to Closing
After your offer is accepted, the real work begins behind the scenes.
During this phase:
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The lender finalizes your loan
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The home is appraised
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Title work is completed
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Repairs are negotiated if needed
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Final walkthrough ensures the home is in agreed condition
Your Realtor coordinates communication between all parties to keep the process on track.
When closing day arrives, you’ll sign paperwork, receive your keys, and officially become a homeowner.
Common Mistakes First Time Buyers Should Avoid
Many first time homebuyers in Central Texas run into avoidable issues. Here are a few to watch for:
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Making large purchases before closing (like furniture or vehicles)
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Changing jobs mid-transaction
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Skipping inspections
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Underestimating ongoing homeownership costs
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Not asking enough questions
There are no “bad” questions when buying your first home — only missed opportunities to learn.
Why Working with the Right Agent Matters
Buying your first home isn’t just a transaction — it’s a milestone. The right guidance can turn a stressful experience into an empowering one.
At Bubela Real Estate, we understand the unique needs of first time homebuyers in Central Texas. From navigating rural property nuances to explaining contracts clearly and confidently, we’re here every step of the way.
If you’re thinking about purchasing your first home, we’d love to connect you with Madison Ibarra, one of our trusted agents who loves working with first-time buyers. Madison is passionate about educating her clients, answering every question thoroughly, and helping buyers feel confident from the first showing to the closing table.
Your first home should feel exciting — not overwhelming.
If you’re ready to take the next step, reach out today and let’s start the journey together.
