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Frequently Asked Questions

New home buyers, particularly those who are buying for the first time, often have many questions. Buying a new home can seem overwhelming, but Amber Waves Realty has agents who can help to demystify the process and walk you through every step of the way. They'll help you determine whether you qualify to buy a house, and if so, how much house you can afford. If you don't currently qualify to buy a house, in many cases we can help you understand the steps you'll need to take to get to where you can qualify to buy a house. Although nothing beats speaking directly with one of our agents, we have listed some common questions and answers below for your convenience. Please do call one of our agents for more information and for assistance in buying your brand new home.

Q: Why should I use a buyers agent? Why do I need you?
A: You want to use a buyers agent because we represent your interests, not the sellers. If you visit a builder, sure, the onsite agent there can help you buy a house, but their fiduciary duty is to the seller, not you. Wouldn't you rather have an experienced real estate agent on your side, who knows the ropes and can protect your interests? What if it didn't cost you anything to have that representation? Wouldn't you want us in your corner? Well, guess costs you nothing to have us work for you. Even though we represent your interests, we get paid by the seller, and it won't affect how much you pay for your new home. Let me state that again since it seems so counterintuitive. You might think that the house will be cheaper if you don't use an agent, but that is not true. Your decision to use a buyers agent or not does not affect the price of the house.

Q: How do I know if I qualify to buy a house?
A: The best way to know if you qualify to buy a house is to go through the pre-qualification process. You'll answer some simple questions about your job status and income. This information, along with a credit check, will help determine whether you qualify to purchase a home, and if so, how much home you can afford to buy. If you would like to pre-qualify, please visit our pre-qualification page and we'll get started right away.

Q: How much money do I need to make to buy a home?
A: Generally speaking, you'll need a minimum income of $2,500 gross to qualify to purchase an entry-level home in certain locations in Austin and surrounding areas.

Q: Do I have to have perfect credit to qualify to buy a home?
A: No, but you will need a minimum credit score of about 580 to qualify for certain bond programs, and a 620 to qualify for FHA or certain other government loans. If you have a credit score lower than the minimums, you may be able to enter a credit repair program that can help to raise your credit score high enough to qualify.