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Shannon Register's Blog

By Shannon Register | Agent in Spring, TX
  • 203B Programs Available in the Houston Area

    Posted Under: Home Buying, Financing, Remodel & Renovate  |  November 9, 2012 2:13 PM  |  620 views  |  No comments

    Posted: 12 Oct 2012 09:42 AM PDT
    In the Houston area sometimes there is a need for a 203B Program and sometimes an in house escrow hold back can go with it. This program is for homes that need repairs before FHA will do a loan on them. In many cases, these homes are foreclosures. Below is some information on the programs available:
    Streamline FHA 203k:
    *Limited repair program offered through FHA for uncomplicated repairs/rehab activities for homes with FHA financing
    *Allows borrowers to finance repair costs up to $35K for improvements and upgrades before move-in
    *$1,000 minimum repairs
    *FHA standard guidelines apply
    * 3.5% down payment
    *6% seller concessions
    *Available for purchase and refinance
    *Great for foreclosures, REO’s, short sales, distressed properties, and fixer uppers
    Escrow Hold back for Repairs program:
    *Limited repair program offered for uncomplicated repairs/rehab activities for homes with Conv, FHA, and VA financing
    *Allows borrowers to finance repair costs up to $5K for improvements and upgrades after move in
    * Great for the homes that just need minor work done without having to go thru all of the 203k requirements to get it done
    * on this loan we close and get the seller paid and then buyers move in and have work completed and when 100% complete we just send appraiser back out to do a final to show all work done.


    "203B Programs Available in the Houston Area" was brought to you by the outstanding agents at Register Real Estate Advisors - http://www.RREA.com.

  • Need to Save Some Money on Your Utility Bill?

    Posted Under: Remodel & Renovate, Going Green  |  October 24, 2012 12:20 PM  |  313 views  |  No comments

    Posted: 02 Aug 2012 09:21 PM PDT
    Here are a few tips that can save you some money on your utility bill:
    Skip the dishwasher drying cycle. It can cut your dishwasher’s energy use.
    Choose nonelectrical appliances, such as manual can openers, knives and kitchen scales.
    Seal off the attic with a stair cover to reduce attic leaks.
    Insulate your electrical outlets. Use foam outlet seals on exterior walls to stop drafts.


    "Need to Save Some Money on Your Utility Bill?" was brought to you by the outstanding agents at Register Real Estate Advisors - http://www.RREA.com.

  • What Does “Wood Floor” Really Mean and Does It Matter?

    Posted Under: Home Buying, Home Selling, Remodel & Renovate  |  October 10, 2012 9:25 AM  |  247 views  |  No comments

    Posted: 26 Jul 2012 11:59 AM PDT
    Currently my home has mostly tile and carpet and I am looking at changing out some of the carpet in the living areas for hardwood floors. But do I need hardwood floors or wood floors? What’s the different? There are so many varieties of wood floors I think we need to discuss this.

    When homes are for sale in the Multiple Listing Service there is a place to put the flooring types. One of the types is “wood.” Right now, buyers want wood. But what does “wood” mean? You see, there are so many types of wood floors it’s hard to talk about all of them.

    First of all, there are hardwood floors. These are the wood planks that are thick and solid. They are used in many parts of the country, but not so good for our Houston area. Due to the humidity in our area, the hardwoods don’t hold up as well. So there are other options.

    Second, there are wood floors where the “wood” is glued (or floated) on a pressed material. These are real wood floors, but not solid hardwoods. Most consumers would not be able to tell the difference between these and the “real” hardwood floors. They come in many colors, styles, wide and think planks, and even hand scraped and rippled looks.

    Third, there are laminate wood floors. These can even have some PVC or other “plastic” material to them that will help them hold up and make them more scratch resistant than most other wood or hardwood floors. Now, maybe you think PVC on wood is a cheap substitute…but let me tell you that Louis Vuitton uses a PVC coating on most, if not all, of their products and that’s why their leather purses and luggage hold up so long. BMW also offers a coated leather material that holds up much longer than the authentic leather interiors.

    So my point is this…just because a home does not have authentic hardwood floors, they may be more durable wood floors that actually hold up better in our Houston climate than real hardwood floors. Visit your local flooring showrooms to inquire about the different flooring options available. They may even have cork floors that are great for media rooms and bamboo floors that are better for the environment, but look the same as a traditional wood floor. When you purchase a home, you will need to know what type of flooring you are getting because each requires different care to maintain them.


    "What Does “Wood Floor” Really Mean and Does It Matter?" was brought to you by the outstanding agents at Register Real Estate Advisors - http://www.RREA.com..

  • RREA’s Top 10 Home Improvement Myths Busted

    Posted Under: Home Selling, Remodel & Renovate  |  August 22, 2012 9:29 AM  |  198 views  |  1 comment

    Posted: 15 Jun 2012 09:12 PM PDT
    1. A new roof will add value to your home when you sell it.
    2. Appraisers always add $10K to your appraisal for a pool.
    3. Any remodeling project will add value to your home.
    4. You need to add top of the line home improvements for them to affect your bottom line.
    5. Adding an addition to your home always increases the value.
    6. Inside improvements are better than outside improvements.
    7. Touch up paint hides nail holes and other issues on the walls.
    8. Converting a Garage to living space always attracts buyers.
    9. Pools add a large amount of value to your home.
    10. Sellers can save money by doing the home improvement work themselves.


    "RREA’s Top 10 Home Improvement Myths Busted" was brought to you by the outstanding agents at Register Real Estate Advisors - http://www.RREA.com.

  • Making "Green" Choices in Your Home

    Posted Under: Remodel & Renovate, Going Green, Home Ownership  |  August 15, 2012 10:41 AM  |  250 views  |  No comments

    Posted: 27 May 2012 12:50 PM PDT
    Many builders are moving to Green Choices.  Green Choices that builders make can save you big money on your utility bills.  Whatever you motivation for making green choices, it makes all of us and our kids healthier and more sustainable for the future.  Below are just a few tips that will make you a little more “Green.”

     - Put a brick or full 2-liter bottle in your toilet tank to save water. Saving that volume space of water each time you flush saves you money.
     - Turn down the temperature on your hot-water heater by at least 2 degrees and wrap your unit with insulation.
     - Replace burned out light bulbs with new CFLs or LEDs.

    As always, when you or someone you know is interested in buying or selling real estate, call me at 281.288.3500


    "Making “Green” Choices in Your Home" was brought to you by the outstanding agents at Register Real Estate Advisors - http://www.RREA.com.
       

  • Seller Unwilling to Do Repairs?

    Posted Under: Home Buying, Financing, Remodel & Renovate  |  August 14, 2012 8:13 AM  |  187 views  |  No comments

    Posted: 05 Aug 2012 07:26 PM PDT
    If you want to purchase a property and the seller is not willing or is unable to make the necessary repairs, what can you do? Do you have the funds to complete the repairs after closing? Is the lender requiring the repairs are completed before closing? An FHA 203K loan may be the right loan for you. When you use a 203K loan, you can roll in repair costs that is currently keeping you from being able to purchase the home under lender requirements. With this loan, you can make the lender required repairs after you purchase the home and that repair cost has been rolled into the loan. There are two of these programs – 203K streamline for repairs under $35K and that does not include structural repairs. The other is a regular 203K which goes over the $35,000 limit and allows you to include structural repairs if they are needed. So depending on the repair needs will determine which 203K loan you use.


    "Seller Unwilling to Do Repairs?" was brought to you by the outstanding agents at Register Real Estate Advisors - http://www.RREA.com.

  • Spring Clean Before You Put Your Home on the Market!

    Posted Under: Home Selling, Curb Appeal, Remodel & Renovate  |  June 6, 2012 1:44 PM  |  252 views  |  1 comment

    Posted: 19 Apr 2012 09:38 PM PDT
    This is a great list for getting your home ready to market.  Before you sell, spring clean!  It will make all of your marketing and advertising photos look better, too.  Buyers love a clean and clutter free home with curb appeal!

    • Remove and donate unwanted items, reorganize and clean closets, attic, basement and garage
    • Power wash exterior walls, porch floors, deck, patio, driveway and sidewalks
    • Clean outdoor furniture and outdoor light fixtures
    • Clean out gutters or have new ones installed
    • Clean out refrigerator and freezer, making sure to vacuum the grill and coil
    • Remove lint from the hose attached to back of clothes dryer
    • Vacuum baseboards, walls and ceilings, wipe down walls
    • Steam clean carpets and area rugs and upholstery
    • Reseal natural stone surfaces (travertine, etc)
    • Reseal and repair grout in bathtubs and showers
    • Clean window treatments, dust and clean blinds and shutters
    • Remove items from all shelves, dust and clean
    • Oil hinges

    If you need a recommendation for anyone to help you with this list, call me for a referral.  And when you are ready to sell your home, give me a call!


    "Spring Clean Before You Put Your Home on the Market!" was originally posted as a blog post at http://www.RREA.com on April 19, 2012.
    © 2008-2012 | Register Real Estate Advisors | Spring Texas Real Estate

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