Allen · First-Time Buyers
A first home in Allen
Every step explained before you get to it, from pre-approval to closing day.
First-time home buyers in Allen
First-time home buyers in Allen usually choose between an older single-family home and a newer townhome. Both put you on US 75 with a shorter Dallas commute, and both have trade-offs worth understanding.
Older home or new townhome?
An older home often means more space and a yard, plus updates and maintenance to plan for. A new townhome means less upkeep and an HOA. I'll help you compare the real monthly cost of each, and on an older home we'll make the most of the inspection in the first 4 days of the option period. See first-time buyers.
The basics
Pre-approval, the Buyers Representation Document and disclosures, earnest money (typically about 1%) and the option fee (usually around $150 to $200), both held by the title company.
Next step
Ask me anything or call (469) 693-3839. More on Allen neighborhoods, or go back home.
Frequently Asked Questions
Should my first home in Allen be older or new?
Older homes often give more space; new townhomes give less upkeep. We'll compare the monthly cost of each.
How important is the inspection on an older home?
Very. We schedule it early in the option period so there's time to negotiate.
How much earnest money do I need?
Typically about 1% of the sales price.
Allen
What first-time buyers looks like in Allen
Homes from the 1960s to today on US 75 next to Plano, with Allen Premium Outlets and a big football tradition.
- The homes
- Built from the 1960s to today. With little land left and prices up, most new construction now is townhomes.
- Getting around
- Right on US 75 and next to Plano, so the commute to Dallas is shorter than from further north.
- Nearby
- Lots of amenities: parks, entertainment and restaurants, plus Allen Premium Outlets. Allen is known for its high school football program and its very large stadium.
- The trade-off
- Buyers give up newer single-family construction and pay a higher price point.
First-Time Buyers: keep exploring
Ready to make your move with Terri Egstad Real Estate?