First-Time Homebuyers Guide to Dallas: What You Need to Know

By Steven Thomas | Refind Realty

Buying your first home is exciting, but it can also feel overwhelming, especially in a fast-growing market like Dallas. If you're unsure where to start, this guide is here to walk you through the essentials. As a local Dallas-Fort Worth real estate agent, I help first-time buyers every day. My goal is to simplify the process and help you feel confident every step of the way.

Why Dallas is a Great Place to Buy Your First Home

Dallas is one of the best cities in the country for first-time homebuyers. Here's why:

• Affordable suburbs with growing home values

• Strong job market in tech, finance, and healthcare

• Diverse neighborhoods for different lifestyles

• Texas has no state income tax

Neighborhoods like Garland, Mesquite, and Little Elm offer entry-level pricing with solid long-term investment potential.

Step 1: Get Pre-Approved

Before you even start looking at homes, talk to a lender. Pre-approval helps you:

• Know how much home you can afford

• Strengthen your offer when it's time to buy

• Catch potential credit issues early

You can Get Pre-Approved through a trusted partner right on my website. It's fast, secure, and tailored to your needs.

Step 2: Understand Your Budget

Most first-time buyers underestimate the true cost of homeownership. Along with your mortgage, you’ll need to budget for:

• Property taxes (especially in Dallas County)

• Home insurance

• HOA dues (if applicable)

• Maintenance and repairs

• Closing costs (usually 2 to 5 percent of the home’s price)

Need help estimating costs? I recommend reviewing my New Construction Home Guide if you're considering new builds or exploring Home Buying Rebates to save money upfront.

Step 3: Choose the Right Area

Dallas is huge, and each area has its own vibe. Here’s a quick breakdown:

• North Dallas / Plano / Frisco: Top-rated schools, family-friendly, new construction

• East Dallas / Lakewood: Artsy, mature neighborhoods, close to White Rock Lake

• Oak Cliff / Bishop Arts: Trendy, walkable, diverse

• Suburbs like Wylie, Forney, and Little Elm: Affordable and fast-growing

You can browse Dallas-Fort Worth New Construction Homes and filter by area, school district, and more with the Lone Star App.

Step 4: Work With a Buyer’s Agent You Trust

As a first-time buyer, you need an agent who explains everything clearly and looks out for your best interests. The best part? In most cases, buyers don’t pay agent commissions—the seller does.

I’m here to:

• Educate you on the local market

• Help you make smart offers

• Coordinate inspections, appraisals, and closing

Plus, I offer access to tools like my New Construction Webinar and Refind Realty Rebate Program that can save you thousands.

Step 5: Know What to Expect During the Process

Here’s a simplified look at the buying process:

1. Get pre-approved

2. Start your home search

3. Submit an offer

4. Schedule an inspection

5. Finalize your loan

6. Close and get your keys

Most transactions take 30 to 45 days from contract to close.

Steven’s Advice for First-Time Buyers

Don’t rush. Buying a home is one of the biggest decisions you’ll make. Ask questions, take notes, and trust your instincts. The right home is out there, and I’ll help you find it without the stress.

And if you’re worried about interest rates or waiting for the perfect deal, let’s talk strategy. Sometimes, the right move is buying now and refinancing later. It all depends on your goals.

Download the Lone Star App here: https://lonestarliving.hsidx.com/@sthomas

You're Always Home With Refind Realty

FAQs

Q: What’s the average price for a first home in Dallas?
A: Most first-time buyers in Dallas spend between $250,000 and $400,000, depending on the neighborhood.

Q: How much should I save before buying a house?
A: Ideally, save 5 to 10 percent for your down payment and another 2 to 5 percent for closing costs.

Q: Is it better to buy new or resale in Dallas?
A: Both have pros and cons. New homes offer warranties and energy efficiency. Resale homes may be in established neighborhoods. Use my New Construction Guide to compare.

Q: What programs help first-time buyers in Texas?
A: Texas has several down payment assistance programs. I can connect you with trusted lenders who specialize in these options.

Q: How long does the homebuying process take?
A: Once under contract, it typically takes 30 to 45 days to close.