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Home Buying in 77511 : Real Estate Advice

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  • Local Info1
  • Home Buying7
  • Home Selling1
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Activity 6
Sat Sep 3, 2016
Diane Christner answered:
Let me answer your question with a question: If you buy a home with no money down and let's say the roof starts leaking a few months after closing -- would you have sufficient money to repair or replace the roof? What about the AC/heat? The costs associated with owning a home are many, so you should consider whether you will have the money to maintain the home as well.

Another consideration -- there are other costs associated with buying a home besides a down payment. Closing costs, hazard insurance, survey, title insurance, inspections. Have you budgeted for those items as well?

Only you can weigh all the factors and decide if buying a home makes financial sense for you. But be sure that you are considering all potential expenses, not just a few. That way you won't have unpleasant surprises down the road.
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Sun Mar 23, 2014
Linda Lorenzo answered:
If you are looking at 1970's and 1980's homes then your are likely to see that. The paneling at least in this area is really good quality wood, however, some do paint over it. You can have the textured ceiling removed just be cautious that if it is 1980 or older you need a professional as it will have lead base paint. The law changed in 1978 regarding lead in paint but painters, etc were allowed to use up supply on hand so that is why I suggest 1980. You still see some textured ceilings in newer homes as well. Some people sheetrock over it, but it can all get quite pricey. ... more
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Fri Nov 1, 2013
lendersnetwork answered:
HUD back to work program allows you to purchase just 12 months after a bankruptcy, short sale or foreclosure.
1 vote 6 answers Share Flag
Fri Nov 1, 2013
lendersnetwork answered:
FHA requires 3.5% as mentioned already, if your looking above the FHA limits then there are 3% conventional options available with some lenders I work with.
2 votes 6 answers Share Flag
Fri Nov 1, 2013
lendersnetwork answered:
Why aren't you going with a VA loan, I don't think it should be a problem in your area if you need help getting a VA loan or need an agent let me know or go to our site.
1 vote 8 answers Share Flag
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