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Home Buying in Houston : Real Estate Advice

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  • Local Info307
  • Home Buying1K
  • Home Selling133
  • Market Conditions77

Activity 1,746
Yesterday at 12:49am
Lambert.bonnick answered:
Is the Property at 49 Spenser Road Brixton, London SE 24 Insured and by which Insurance Company.
0 votes 50 answers Share Flag
Wed Jan 17, 2018
Kathylakritz answered:
Do NOT sign or agree to this. The buyer is totally wrong. What the seller needs to know is a realtor's commission is split with their broker and the seller has no idea what the split percentage is because that is between the broker and the agent. Therefore, it's in the seller's best interest for the buyer to pay cash for the down payment and wait until closing to receive his / her commission. If the buyer doesn't have the cash, too bad. ... more
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Tue Jan 9, 2018
Frank S. answered:
Hello Angie, These links may assist you with crime statistics:
http://www.crimemapping.com
http://www.crimereports.com
http://www.everyblock.com/
http://www.localcrimenews.com
http://www.mylocalcrime.com
http://www.spotcrime.com/ca
http://www.meganslaw.ca.gov
http://www.neighborhoodscout.com/
http://www.homefair.com/

These links should have the answers to any questions you may have on schools:
http://www.greatschools.org/
http://Www.schoolfinder.ca.gov
http://Www.education.com
http://Www.schooldistrictfinder.com
http://Www.schooldigger.com
http://www.sarconline.org/

You will need to be pre-approved to be able to meet an agent to view and submit offers on any homes of your choice. You will also need to have received one month of paystubs at your new employment in the same line of previous work history of two years.

How much do you pay in rent and what is the maximum payment/price you are looking to afford? If you figure out what cities/zip codes you are considering, minimum number of bedrooms and the maximum payment/price you are looking to achieve you can be emailed listings to fit your search criteria.
... more
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Sat Dec 30, 2017
Mark McNitt answered:
The lenders will want to review your income (W2s) and your debts (tax returns) and come up and see if the ratio is within the lender's standards to provide you a loan. They will also, later on, get copies from the IRS to make sure everything matches.

Regardless if you are buying a foreclosure, a resale home, new construction, etc.... You will want to know how much you can afford BEFORE you start looking at homes in a serious manner. Getting pre-approved early on also helps in-case you find some issues. Easier to fix these before you have a home picked out.

I've included a link to lenders I like to recommend. They will actually TALK to you and explain these questions and more. Feel free to reach out to them. Let us know if we can assist you.

Mark McNitt
832-567-4357
Bernstein Realty
... more
0 votes 5 answers Share Flag
Fri Dec 29, 2017
Susie Kay answered:
0 votes 2 answers Share Flag
Fri Dec 29, 2017
Susie Kay answered:
You can claim your homestead exemption if you live in the property starting January 1. You may want to consult with your CPA about income tax especially in the long run as it will be related to how much you make, your deductions etc. Will this be your homestead home or is this an investment property? ... more
0 votes 2 answers Share Flag
Tue Dec 26, 2017
Frank Berka answered:
Sell your 1200 sq' home for $1,000,000 and buy our 4200 sq' on 23 acres including another rental property for $695K. Call 903.736.3134
You'll love East Texas
0 votes 15 answers Share Flag
Mon Dec 18, 2017
Mark McNitt answered:
To answer your last question first, yes you might need an attorney. A REAL ESTATE attorney.

Did the Seller provide you a Texas Seller Disclosure? If so, this would have indicated information they had on the roof, foundation and more. Did you perform inspections by a Texas licensed inspector? Maybe the inspector missed a few items? Did you have a Realtor representing you? They might have more information.

As far as I know, there are no "Lemon Laws" specific for real estate. You can always go after another party in a court of law, but it might be simpler to go to mediation first to resolve any issues you might have. There will be MANY flipped homes after Hurricane Harvey in Houston in 2018 and beyond. Buyer-be-ware and do your due diligence including hiring a Realtor and performing inspections.

Mark McNitt
832-567-4357
Bernstein Realty
... more
0 votes 2 answers Share Flag
Mon Dec 18, 2017
Mark McNitt answered:
These type of conditions come up from time to time. Best to know about it before you start the home search, but in your case, you have this situation. Best to advise all parties and that it may delay the closing but you FULLY INTEND to work as fast as you can so you can still close on time.

You might be able to write a letter to the credit bureau indicating that $9600 loan is not yours or paid off. They have a certain time frame to resolve. Ask them to remove it.

The squeaky wheel gets the grease. Keep after all the parties! Good luck.

Mark McNitt
832-567-4357
Bernstein Realty
... more
0 votes 2 answers Share Flag
Mon Dec 18, 2017
Mark McNitt answered:
Hello Kathy,

The answer is YES. However, your not in a strong negotiation position with the future Seller. I would suggest waiting till you have a contract signed on your current home. Have the home you are looking at identified and offer ready when the time is right. Make sure your mortgage pre-qualification letter is also in hand.

Mark McNitt
832-567-4357
Bernstein Realty
... more
0 votes 2 answers Share Flag
Mon Dec 11, 2017
Dewittsm asked:
Sun Dec 3, 2017
Frank S. answered:
Hello Don, yes the 2bd 2ba condos start from 27k in Houston. You will need to be pre-approved to be able to meet an agent to view and submit offers on any homes of your choice.

You may consider 3.5% down FHA from a minimum 580 fico score and 3% down conventional from a minimum 620 fico score. Check out the web reference link below... ... more
0 votes 1 answer Share Flag
Tue Nov 28, 2017
Fordjanice627 answered:
Were can I see notice of default in Houston
0 votes 8 answers Share Flag
Sun Nov 26, 2017
Mark McNitt answered:
You might want to reach out to your mortgage company. Your lender will pay your insurance premium every year out of your escrow accounts (assuming you have a mortgage on your home!). They likely can guide you.

Mark McNitt
MarkKnowsHouston.com
832-567-4357
Bernstein Realty
... more
0 votes 1 answer Share Flag
Sun Nov 26, 2017
Rhonda Knox answered:
I bought a KB home as my first home almost 10 years ago. My foundation is having issues and KB refuses to fix it. These repairs will cost me 15000 dollars to do myself. My advice stay away from KB ... more
0 votes 94 answers Share Flag
Sat Nov 25, 2017
Raffeal Lamb answered:
Upward housing help people who have evictions and broken leases to apply without the negative showing up 419-979-6222
0 votes 2 answers Share Flag
Mon Nov 13, 2017
Susie Kay answered:
Sun Nov 12, 2017
Frank S. answered:
Hello David, we have combo loans but not that configuration. You may consider 3% down conventional from a minimum 620 fico score.

FHA financing is 3.5% down from a minimum 580 fico score. Your scores can be raised within 3-4 days in most cases to qualify for programs, rates and terms as necessary.

You will need to receive one month of paystubs before funding a loan. What are your fico scores and how much do you want to invest.

Your qualifications will be determined by your credit profile, debt to income ratios, fico scores, loan program and how much you want to invest into the purchase.

You will need to be pre-approved to be able to meet an agent to view and submit offers on any homes of your choice. If you figure out what cities, zip codes you are considering, minimum number of bedrooms, baths and the maximum payment/price you are looking to achieve you can be emailed listings to fit your search criteria.

Check out the web reference link below...
... more
0 votes 1 answer Share Flag
Fri Nov 10, 2017
Kellie Wilson answered:
How bad is bad? If your scores are below 530, there's not much a bank can do. If above that, we have to see what your income allows you to borrow. I'm assuming you don't have a mortgage on the home now and are wanting cash out. You may use up to 85% of the value of the home on an FHA cash out deal. Where ever you decide to go, please remember that no one is allowed to charge you an application fee. contact us for a loan email: oceanicfinance113(at)gmail. com ... more
0 votes 105 answers Share Flag
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