The crime rate varies in each zip code and within that zip code. You can go to the various area police departments and look up most of the areas, but you will need a specific address to do so.
Generally speaking the crime rate is higher near shopping areas. Within subdivisions, the crime rate drops. Hope this helps.... more
Section 1.04 of the Texas Property Code defines market value as follows: 'the price in which a property would transfer for cash or its equivalent under prevailing market conditions if: (A) exposed for sale in the open market with a reasonable time for the seller to find a purchaser: (B) both the seller and the purchaser know of all the uses and purposes to which the property is adapted and for which it is capable of being used and the enforceable restrictions on its use; and (C) both the seller and the purchaser seek to maximize their gains and neither is in a position to take advantage of the exigencies of the other".
However, all three of the market conditions noted above can not really be determined without a home truly being on the market for sale, so the tax authorities make their best estimates. In addition, homeowners are allowed to protest and the goal for a homeowner is usually to have their home assessed as low as they possibly can, so that they pay less taxes. If the tax value of a home is higher than the market value (purchase price) of a home, it most likely means the prior owners chose not to exercise their right to protest. It is not an indicator of actual current or future market value.
Market value can only be determined by the market itself. Your best source for determining the market value of your current home, or whether the asking price of a home on the market is reasonable, etc. is to work with a Realtor. Our job is to help you analyze the market, the home in question, and provide education about the purchase or sale you are considering. The web link below offers a free market snapshot of any Houston neighborhood or even specifically around a particular address.... more
Whatever you can do to make your house feel updated and move in ready will help it sell. It is usually most desirable to have all of the "finishes" the same throughout the house. Currently the chrome/ brushed chrome finish (less expensive than nickel) is in vogue. Depending on the cost (number of fixtures to replace) it may be worth the expense.... more
You certainly can transfer the deed to an LLC. That's simple. However, you can't transfer the loan without the permission of the lender . . . and that isn't likely to occur. Remember: a deed and a mortgage are two entirely different things. Although the LLC would own the property, you individually would still be on the mortgage.
You don't have many options. One thing you might look into is transferring the property into a land trust, rather than an LLC. That offers a number of advantages and protections. However, the mortgage still would remain in your name. For more information on land trusts, go to http://www.landtrust.net
Number Two: If you don't want to pay PMI, then make sure you put at least 20% down.
And it's unlikely you'll be allowed to pay the taxes yourself once a year. For a number of reasons, lenders prefer to collect and escrow property taxes. That way, they pay them and they know that the taxes have been paid. Otherwise, they'd have to trust the homeowner, and they don't like doing that.... more