Paula Anderson

I'm a:	Real Estate Professional
Location:	Spring

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Paula Anders…'s Questions (0)

Paula Anders…'s Answers (8)

Who are good lenders in this area?

Asked Mon Apr 23 2007, 15:51 by J.P. - Spring - Financing - 2 answers

Paula Anderson answered:

There are many good lenders in the area. What makes for a smooth transaction is the person on the other end of the line and usually not just the institution making the loan. It think it is often the individual that makes the difference. Matt Kovach, Crystal Shaw and Kathy Kreski are responsive brokers that I like to use. - Mon Apr 23 2007, 15:51

How do I find the best deal on a mortgage?

Asked Mon Apr 23 2007, 15:51 by Halley S. - Spring - Financing - 3 answers

Paula Anderson answered:

Shopping for a mortgage is easy now due to the internet. Many lenders will send an application to your email and you can fill out a form to determine what you are qualified to buy. Some fees are negotiable and of course those buyers with a good credit history and credit scores who pose the lease amount of risk to the lender will get a lower mortgage rate than those who have had credit issues. Your realtor will be able to direct you to some reliable mortgage lenders. Many mortgage lenders are easy to find online. Just google mortgage lenders. - Mon Apr 23 2007, 15:51

How do I figure out what home I can afford in Spring?

Asked Mon Apr 23 2007, 15:51 by J.P. - Spring - Home Buying - 4 answers

Paula Anderson answered:

Spring and Houston are at the lower end of cost of living in the USA. A buyer probably has some idea of what they can afford based on what they have been paying for either rent or a house payment. If not, your realtor can help you estimate what is affordable according to your income. A mortgage broker can also be helpful. - Mon Apr 23 2007, 15:51

What are the benefits or drawbacks to expanding my home search to include FSBOs and foreclosures?

Asked Mon Apr 23 2007, 15:51 by Halley S. - Spring - Foreclosure - 10 answers

Paula Anderson answered:

FSBO's can be considered but often the sellers are not realistic about the value of the home. They may not know how to proceed if you do want to buy the home. They usually have limited market information and may not be competitive. Foreclosures are a good thing to investigate especially for someone who likes to be a fixer upper. Many of them are sold 'as is' and no previous information on the home is available. It can be important to know if the home has previously flooded for instance. Flooding in some of the Houston and Spring neighborhoods, due to the flat lay of the land here, is a reality. We sometimes have huge amounts of rain. You probably would want to have this information before you make a buying decision. - Mon Apr 23 2007, 15:51

How do I know if I should offer more or less than the listing price in Spring?

Asked Mon Apr 23 2007, 15:51 by J.P. - Spring - Home Buying - 8 answers

Paula Anderson answered:

Get your Realtor to show you the comparitive sales in the last 6 months for homes similar to the one you are considering. The sales should be for homes near the same age and size and in the same neighborhood. Another thing to consider is to ask how long the home has been on the market. - Mon Apr 23 2007, 15:51

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