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North Richland Hills : Real Estate Advice

  • All68
  • Local Info8
  • Home Buying20
  • Home Selling5
  • Market Conditions3

Activity 34
Sat Jan 14, 2012
Miguel Casillas answered:
First, have you taken the steps to first be qualified for section 8 housing? meaning completing the application and then being deemed qualified for federal housing? If not, follow this link i provide here.

----> http://www.affordablehousingonline.com/section8housing.asp <----

after you've done that, i suggest you work on our typing skills. : ) glad I could help.
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0 votes 1 answer Share Flag
Thu Nov 10, 2011
Bruce Lynn answered:
Mom,

Sometimes it's the website and then sometimes it is the way agents code the properties.
Try the link below.

Just let me know when you would like to see inside any of these. ... more
0 votes 5 answers Share Flag
Tue Jul 5, 2011
Pam Yoakum answered:
Stephanie

Wow you have a some great input here. Short and simple....now is a great time to start. If you make your last lease paymet in August. You can close in August and not have a house payment until October. That might give you a bit of a "Breather".

My team would consider it a privilege to assist in anyway we can.

Warmest Regards,
Pam
214.929.5535
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0 votes 15 answers Share Flag
Mon Jun 20, 2011
Rick DeVoss answered:
RE: The Rental Market

Leasing your home when you move out is another one of your options. These are the kinds of things I would like to sit down and discuss with you. I can give you the pros and cons of being a Landlord. It sounds like it would be your first time. The market for nice rental properties in NRH is very good. If it is in top condition, you can charge a premium rent. (Especially if you engage me to advertise the property BEFORE you are ready to move out!) We can discuss all the things you have to be prepared for.

In order to be approved for the loan to purchase a new house, you will have to qualify with the extra payment from your current house. Since you will be a rookie landlord, the bank will not give you full credit for the "income" from the rent payments. We should sit down and talk about the qualifying ratio before you do anything. I want you to be prepared for what the lender will say in advance so there are NO surprises. Since I know how I hate surprises, I make every effort to insure that my clients do not get any surprises.

The time for a conference with a professional is NOW. Please do not wait to contact me at the last minute. Let's go into this project prepared for all your options.

Email me at rickdevoss@realtor.com Call me at 817-576-3867

And if you want to save some money on your energy bill, go to my website and sign up for a lower electric bill next month! 3and10.igniteinc.biz

My energy bill dropped $150 this month!

Best regards,

Rick DeVoss

The Michael Group
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0 votes 8 answers Share Flag
Sat Jun 11, 2011
Brian Rayl answered:
Molly,

Just as a clarification to something that you said:

The ONLY way that someone is required to disclose is if they have knowledge. A bank who foreclosed on the property is not required to file a sellers disclosure in the state of Texas, and chances are that the bank doesn't know that the property was used as a meth lab.

A landlord might have knowledge of the fact if the meth lab was busted and they arrested the tenants, but if it was used as a meth lab and they then abandoned the residence or moved when the short term lease was up to avoid detection, the landlord may not be aware of it if the people did not leave evidence of it.

If this is a big deal for you, once you find a home that you are interested in buying, you can go to the police department and give them the address of the property and ask them if they have ever had any reports to that address. If a meth lab was busted there, they would have to tell you. They will also tell you if they ever called to report a break in, vandalism, family dispute from a neighbor, etc.

Hope this helps, and if you have any questions, keep asking! Always happy to help.

It's more than real estate. It's RAYL-Estate!

Brian Rayl
Keller Williams Elite
972-949-4222
Brian@Rayl-Estate.com
http://BrianRayl.com
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Sat Jun 4, 2011
Brian Rayl answered:
I currently cannot find anything regarding down payment assistance in the North Richland Hills area. Unfortunately, NRH is also not in a USDA qualified zone, although if you wanted to go a bit further north to an area like Roanoke, Trophy Club, Westlake, etc, they would qualify although that might be out of your budget. If you are a veteran and have not already used it, you can use your VA loan for 100% financing.

Since you are a first time home buyer, I would assume you are going to use an FHA loan. The down payment on FHA is 3.5% of the purchase price. With FHA though, the down payment can be gifted to you so it doesn't necessarily have to come out of your pocket.

I would recommend that you talk to a local lender about your particular situation and circumstances. I would be happy to give you the name of a couple that I have worked with if you are interested in a no obligation conversation.

It's more than real estate. It's RAYL-Estate!

Brian Rayl, REALTOR®
Keller Williams Elite
972-949-4222
Brian@Rayl-Estate.com
http://BrianRayl.com
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1 vote 3 answers Share Flag
Wed Jun 1, 2011
T.E. & Naima Sumner answered:
You might also look for Realtors with the Texas Affordable Housing Certification.
The state runs a program to provide homeowners assistance in purchasing.

Information about the First Time Homebuyer program, the Professional Educators program and the Texas Heroes program can be found at http://www.tsahc.org/single/single_first_time_buyers.php

Realtors, like me, who have been trained on TSAHDC (Texas Affordable Housing Development Corporation) programs are listed on the Texas Realtors site http://TexasRealEstate.com/web/FindAHS/ .
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2 votes 4 answers Share Flag
Sat May 7, 2011
Rick DeVoss answered:
I have been selling homes in the NRH area for over 30 years, and statistics show that the average house takes 80 to 90 days to sell. But ask yourself: Is my house "average"? Better yet, ask your Real Estate Agent to evaluate the property compared to others on the market. You've got to beat your competition. And that means your house has to be priced below average if you want it to sell faster than average. And it has to be in better condition than average if you want it to sell faster than average. I suggest you go out and look at other homes for sale in the area, and see what buyers are seeing. Ask your Agent how the home is being marketed. Do everyting you can to make a showing go smoothly.
The bottom line answer to your question depends on which MLS system you are in, so answers from other parts of the country are worthless.

Rick DeVoss, with The Michael Group
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0 votes 6 answers Share Flag
Fri Oct 1, 2010
Alicia Chmielewski answered:
Eek, why did you wait so long to sell? It sounds like you may have had a good offer before (still trying to remember the exact homes in the area-used to live not far away.) Let me ask... what is your current zoning? I must say that medical is at least a good croud to market toward; however, you have not yet remodeled to serve such a business am I correct? If you were looking to remodel and hang onto the property leasing may be an option. I've worked with situations such as yours before and once given more details can further advise. If I can help you, don't hesitate to call. ... more
0 votes 7 answers Share Flag
Fri Aug 27, 2010
Alicia Chmielewski answered:
That's strange. I've worked with numerous people who much prefer to purchase an existing home that has had the opportunity to "settle", if any problems with foundation it's then repaired.

I don't know why anyone would have given that advice personally as many foundation repair companies will even offer a warranty on their work.
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0 votes 12 answers Share Flag
Sat Feb 13, 2010
T.E. & Naima Sumner answered:
One other piece of information that may affect what you expect is that Board rules require changes be input to MLS within 5 days of occurrence. It is not a violation for a Realtor to hold off (or just be lazy) putting a changed status in right away.

When you access MLS information via many websites that use IDX (our method of direct access between a Realtor website and the MLS database), the data will be realtime. Updates are instantaneous. Some websites use other methods to update the material found on their websites and may not completely update listing status or pictures for days.

So, if the Realtor inputs the CON status as you read this, IDX-connected sites will reflect that as soon as you check it after reading this. If she waits 5 days and you check it on some other websites, you may not see the change until next week.
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Sun Sep 6, 2009
T.E. & Naima Sumner answered:
That is good news Chase. It's always good to see that the system works.

Naima
0 votes 6 answers Share Flag
Wed Sep 24, 2008
Bruce Lynn answered:
Minerals can be seperated from the surface at any time. You may have them and you may not. One quick check might be to look at your title insurance and see if there is any mention of them being sold, transferred or reserved. This is not an end all method to know if you have them, but potentially a check. The only real way to know if to hire a landman to check....this might be $400-$500 or more. ... more
0 votes 4 answers Share Flag
Sat Apr 26, 2008
Terri Hayley answered:
Hi Rusty,

This really depends on what's important to you. Here are some things to consider.

Lifestyle - Do you like to tinker on your home? Have projects to do? Paint? Fix things up? Or, would you prefer to spend your time relaxing? Entertaining? Participating in sports? Leisure time?

Savings - Do you have money saved up for repairs? Warranty? Trade service call fees? Your portion of estimated charges? Items not covered under warranty? Here is the website for American Homeshield which is a popular home warranty company: http://www.ahswarranty.com/homeowners/faqs.jsp#basic-warranty.
With a new home, the home is covered "bumper to bumper" for the first year as long as you do the required maintenance - change filters, etc. Then, the 2nd year is quite often everything behind the walls like the plumbing, electrical, HVAC, and wiring. The roof will usually have 20-30 year warranty depending on the builder. Then, each component of the home will have it's own warranty like the A/C condenser unit, appliances, foundation, structure, patio/sidewalk//porch, windows, etc. There is no fee for the repair of these items with the builder's warranty even if several contractors are required to fix the job.

What's important to you in a lot? Is that a major consideration for you? Or, not really? Do you want something that will let the morning sun in the breakfast area? Do you want a big back yard where you can have b-b-ques? Do you want a gentle slope? Do you want a high slope at the back so you can put in a garden back there and put in some gardening logs to separate the yard? Is a pool important to you?

What about price point? It looks like you are in N. Richland Hills. Is that where you plan on buying? That will help dictate new or pre-owned, too. What will be available in your price point.

Do you like design selections already being made for you? Do you like to walk in and see the finished home? Complete with custom paint colors on the wall, wood floors and intercom systems? Or, would you prefer to make your own design selections and make your own mark on the home? Builders typically do have completed homes, but they will not have as much character, let's say, as pre-owned homes. They will typically be finished out in neutral colors to appeal to as many people as possible. Pre-owned homes are going to reflect the personal tastes of that homeowner. Builders always have some sort of incentive package going on that you can choose to put options into your new home or take some off the price. Lots of times, you can include items like blinds, garage door opener and refrigerator... again depending on price point. Could be Viking appliances, fireplace for your outdoor living space and Klipsch audio equipment for your media room.

Community - what type of community would you like to live in? Do you like to live in an older, established neighborhood with big trees and people who've typically lived there a while? Usually, there will be more grocery stores, dining, movies, and other conveniences around in this type area. You won't use as much gas going from place to place. It could possibly be closer to your work. Or, would you prefer to move in somewhere where it's new and you're just starting out in the area the same as everyone else? The higher the price point, the closer the community will be to a more developed area typically. For example, if you are looking at the $150k range, this is going to be further on the outskirts of town than if you are looking in the $450k range.

Resale value - you want to make sure you are getting the best assistance here you can. You don't want to buy at the top or bottom end of any neighborhood. Let's say if you were to suddenly get transferred in 2 years and need to sell your home, you want to make sure you can get out of it and won't lose money. You need someone who knows the area, the comps, what the trends are, and who can negotiate confidently on your behalf.

Energy Efficiency - newer homes are going to be more energy efficient. 13 SEER A/C is the current standard. You can think of a SEER rating like miles per gallon on your car. With a 13 SEER, this is going to save you about 60% on your utility bills. They will have the low-e windows that will keep your home cooler in the summer, warmer in the winter and help fade your furniture less. Some builders are offering PEX plumbing which will expand and contract unlike copper and has a 25 year transferrable warranty. More info here: http://www.zurnpex.com/Default.aspx?tabid=198 Some builders are building Green Built North Texas homes now which is where the trend is going and all homes will be mandated to be built to this code in about 5 years or so according to experts. More info on GBNT Builders: http://www.greenbuiltnorthtexas.com/#Participating_Builder_Members

Hope this helps,
Terri Hayley
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