Melissa · First-Time Buyers
A first home in Melissa
Every step explained before you get to it, from pre-approval to closing day.
First-time home buyers in Melissa
First-time home buyers in Melissa are usually after a newer home with an easy commute on US 75, at a price below Frisco and McKinney. Prices have risen over the years, so we'll make sure the monthly number works before you fall for anything.
What I'll walk you through
Pre-approval and a real monthly budget. The Buyers Representation Document and disclosures. Earnest money (typically about 1%) and the option fee (usually around $150 to $200), held by the title company. The option period, inspection, repairs and closing. If you're buying new, how the builder's process works. See first-time buyers.
Next step
Ask me anything or call (469) 693-3839. More on Melissa neighborhoods, or go back home.
Frequently Asked Questions
Is Melissa good for first-time buyers?
It offers newer homes and an easy commute, though prices have risen.
Where is more affordable?
Anna to the north and Princeton to the east.
How much earnest money do I need?
Typically about 1% of the sales price.
Melissa
What first-time buyers looks like in Melissa
Newer construction right on US 75 with an easy commute, in a town that's still filling in.
- The homes
- Newer construction. Prices have risen over the years, so Melissa is not as affordable as it used to be, and buyers looking for the lower price point are now moving a little further north to Anna.
- Why people choose it
- Often buyers who were priced out of Frisco and McKinney. Grocery stores and restaurants are only now arriving, and the area will keep developing.
- Schools
- Melissa ISD.
- Getting around
- Close to US 75, which makes commuting easy.
- The trade-off
- Fewer shops and restaurants for now. There is also a landfill in the area. Most days you would never know it is there, but once in a while, when the wind is right, you may notice it.
First-Time Buyers: keep exploring
Ready to make your move with Terri Egstad Real Estate?