What Money Do You Need Up Front When Looking to Buy a House?

Example

Now that you are ready to actually go house hunting, I want you to know about what upfront money you need to put the house you want under contract!  

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1.  Option Money:

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​​​Option Money is the amount you pay to make take the house off the market and inspect the home.  It's usually $100.  It can be a personal check from you to the seller.  ​​​

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2.  Earnest Money:

This is the good faith money you are going to put in escrow as part of the contract.  This money goes to the title company and they hold it.  It will be credited as part of your closing cost in the end.  Watch the video below for a further explanation.  

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3.  Money For Inspection

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​​It's usually $400-$600 ​​​Contact Derrick Walls for your inspection:  His number is 817-689-8433​​

Here's a quick video on Option Money.  I go into details on how that works.  

Here'a quick video on Earnest Money and why it's so important.

The Texas Real Estate Commission requires me to give you the following information:

Information About Brokerage Services

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