Did You Know? Do You Know?
A short sale is a listed property that is upside down with the lender. The listing agent & seller both are attempting to receive a contract that can be presented to the bank for negotiations. These listed homes can vary in price, opportunity and condition. If you have the time & patience then we´ve got the opportunity available.
When purchasing a foreclosure it´s unlikely the seller (bank) will make any repairs prior to closing. If you are going VA or FHA then you will need to ensure you have done proper research on a listed property prior to submitting an offer.
An REO listing is one that is owned by a lender, typically a bank, after an unsuccessful sale at a foreclosure auction.
Both buyers & sellers both have closing costs. A seller typically pays about 1.25% in closing costs + all commissions. A buyer typically has about 4% depending on the type of loan, whose doing the loan, and many other factors.
The average appreciation throughout the
The average home in
There are over 27,000 licensed professionals with the Houston Association of Realtors. www.har.com. We are now the largest in the entire country, with
We have over 60,000 listed properties on the MLS. The MLS is operated and run by Realtors®, not city or government employees.
The Listing Agent works FOR the seller. It is 100% legal for a Listing agent to also work for a buyer, thus creating an INTERMEDIARY relationship. This relationship means that the Realtor® cannot legally give advice & opinion to either party. Ask us how we work.
Realtors® typically are 100% commission only. They do not receive a salary, benefits, retirement, insurance, 401k, company car, company credit cards or other benefits typically offered by Corporate America. Each office is typically franchised, meaning that each agent is self-employed.
If you are going to make cash offer be sure to have a PROOF OF FUNDS prior to making your search or before making an offer. A seller will demand "proof" that you have the funds available. Available means liquid cash, not money tied up in a mutual fund, CD or an account overseas. A bank statement or letter from your financial institution is usually acceptable. A bank seal is sometimes required, depending on the listing approached.
A typical inspection can cost between .11-.13 cents a square foot. Distance, age, and type of home can cause the price to fluctuate.
Most FSBO sellers are typically over priced because they are either upside down or unrealistic with their sales price. Seeing these homes can be very difficult as the seller who is representing themselves is rarely at home when the property needs to be seen. Traditionally, a lock-box hangs from the door and licensed real estate professionals show the property because the seller has a contract that´s tied into the Multiple Listing Service. Don´t waste your time with FSBO´s. There are over 60,000 homes to pick from on the MLS.
The only true way to find out what a home is worth before submitting an offer is by viewing the comparable sales in that same neighborhood. Only licensed Realtors® & appraisers have the ability to view this type of historical data. Other websites like Zillow & Trulia use the tax records to help them "guess" a value. They do not have access to "comps" because the state of
75% of tax protestors in
"Before accessing the property, landlord or anyone authorized by landlord will first attempt to contact tenant, but may enter the property at reasonable times without notice to make repairs or to show the property to perspective tenants or buyers, inspectors, fire marshals, lenders, appraisers, or insurance agents. Additionally, landlord or anyone authorized by landlord may peacefully enter the property without first attempting to contact tenant and without notice to: (1) Survey or Review the properties condition and take photographs to document the condition; (2) make emergency repairs; (3) exercise a contractual or statutory lien (4) leave written notices; (5) seize nonexempt property if tenant is in default" TAR 2001 PG 5, (B).