Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

77054 : Real Estate Advice

  • All8
  • Local Info2
  • Home Buying3
  • Home Selling3
  • Market Conditions0

Activity 1,519
Wed Mar 6, 2013
Joe Cano Jr answered:
Location? Move Date? Bedrooms? Price?


Joe Cano - Realtor/Locator
(281) 785-5132
joelocator@att.net
0 votes 8 answers Share Flag
Sun Mar 24, 2013
Al Geffon answered:
The areas you prefer carry rents in excess of your budget. The Houston rental market is very active, and it's simply a matter of supply and demand. Galleria is a possibility ... I've leased property in that price range there, albeit a bit older condominium units. If you'll provide your contact information, I can let you know what's available within your price range. I look forward to hearing from you.

Regards ...

Al Geffon
(713) 213-6350
al@geffon.net
... more
0 votes 4 answers Share Flag
Fri Jan 23, 2015
Diane Schrakamp answered:
Hey mya!!! I have lived here in Houston my whole life and have been a realtor for 9 years so I can give you some good ideas. It really depends on your price range. Send me am email with your price range and I will send you an extensive list of some nice neighborhoods. I look forward to hearing from you!!!

Diane Schrakamp
Total Real Estate Services
Dschrakamp@gmail.com
832-620-6304
... more
0 votes 31 answers Share Flag
Thu Feb 14, 2013
Tommy Burris answered:
VA has an up front funding fee
FHA has an upfront PMI

VA has no PMI
FHA has PMI until you reach 78% LTV or 5yrs(whichever is longer

VA is zero down
FHA is 3.5% down minimum

VA funding fee goes up for subsequent uses unless you put a certain amount down. So some people choose to save their VA eligibility for later(not use it for their starter home).
I don't see a lot of benefit in that as most people can put a little down when they 'move up'.

Personally, I show them the two deals side by side and let them decide. If I think they made the wrong choice, I explain it again. ;-)


Tom Burris
Mortgage Banker
http://www.servicefirstmckinney.com/
(214) 763-4629 cell/text/nights/weekends(Really!!)
tburris@servicefirstmtg.com
Lending all across the entire Great State of Texas!!
NMLS# 335055
Search Dallas area MLS for FREE. No registration => http://www.ntreisinnovia.net/cgi-ntr/BR_login?0501134
... more
0 votes 4 answers Share Flag
Tue Feb 26, 2013
Mack McCoy answered:
That's a good question, Gary.

I have a friend who fancies himself a pretty good cook, and he wanted to bottle up some spaghetti sauce and sell it to his friends, and the city wanted him to submit his kitchen plans for approval, which made him ask what his rights were in making up a good batch of sauce and selling it to friends.

Well, you know what happened, and thankfully, nobody got sick because while my friend is a pretty good cook, he's not a really good food packager.

In your case, you may be able to be discriminatory if it's a 1-4 family house and you don't implicate a real estate licensee. But that's not a guarantee, and you might call the local authorities to see if you are burdened by the requirements of the fair housing laws.
... more
0 votes 8 answers Share Flag
Tue Feb 12, 2013
Diane Schrakamp answered:
What area are you looking in?

Diane Schrakamp
Total Real Estate Services
932-620-6304
Dianehermis@yahoo.com
0 votes 2 answers Share Flag
Tue Feb 12, 2013
Don Groff answered:
I would contact the local police department for the most up to date information. There are a lot of good websites for this as well.

Here is some information from the Houston PD.

http://www.houstontx.gov/police/cs/stats2.htm

_______________________________________
Don Groff
REALTOR® | Mortgage Broker
Keller Williams Realty | 360 Lending Group
o 512.669.5599 m 512.633.4157
listings@dongroff.com | www.AustinListed.com
... more
0 votes 5 answers Share Flag
Tue Feb 12, 2013
Mark McNitt answered:
Mike,

The answer is yes, but there will be the big question of "income". If you have no way to pay off the loan, who would provide you a loan?

Your track record will help, but you might need to go with a lender that can set up a non-conventional mortgage. Likely more money down (and all monies have to be verifiable sources) in the range of 30% and a higher interest rate. This type of loan would not be resold and the lender would keep it because of the higher interest rate.

It might be tough. I have several lenders that work with those that might need a non-conventional approach to the mortgage. Visit my web site and the resource page to find those lenders.

Mark McNitt
m 832-567-4357
Bernstein Realty, Inc.
... more
0 votes 4 answers Share Flag
Mon Feb 18, 2013
Joe Cano Jr answered:
have them call me, I would love to help.


Joe Cano - Realtor/Locator
(281) 785-5132
0 votes 5 answers Share Flag
Tue Feb 19, 2013
Ramonica Caldwell answered:
Hello Amy!

The most reliable source for crime activity in a particular area is your local police department.

For your information, you can check the address listed on www.crimereports.com. This site will give you a recent list of criminal activity for a particular address, zip code, city, etc. Again, the most accurate source is always your local police department.

Please let me know if I can be of further assistance.

Thanks!
... more
0 votes 4 answers Share Flag
Wed Feb 13, 2013
Al Geffon answered:
Offhand, I'd have to say no ... that's a pretty small price range. Even if you could find something, it wouldn't be much more than a tiny studio. The rental market is very active, and landlords know it. I wish you luck.

Al Geffon
(713) 213-6350
al@geffon.net
... more
0 votes 3 answers Share Flag
Sun Feb 10, 2013
Al Geffon answered:
Stacey ...

Please see the e-mail I sent to you. Feel free to get in touch if I may be of additional help.

Al Geffon
(713) 213-6350
al@geffon.net
0 votes 1 answer Share Flag
Sun Feb 10, 2013
Scott Godzyk answered:
You should contact your listing agent to work with the buyers agent to see if teh buyer can be comforted throug buyers remorse to continue. You may also want to meet with an attormey to draft a letter stating the buyer is in defalut and you will seek damages. An attorney and your listing agent should be your first 2 calls for advice. ... more
0 votes 12 answers Share Flag
Fri Feb 8, 2013
Ramonica Caldwell answered:
This property is zoned to Spring Branch ISD. Rummel Creek Elementary, Memorial Middle School, and Stratford High School. Let me know if you would like to see more homes is this area.


Ramonica Caldwell
832-293-5385
www.ramonicasellshomes.com
... more
0 votes 4 answers Share Flag
Fri Aug 5, 2016
Antonio Bermudez answered:
I can help you with that give me a call. 832-746-0541
Antonio Bermudez
Dunamis realty group
Htownhouses@gmail.com
0 votes 11 answers Share Flag
Thu Feb 7, 2013
Linda Hildreth answered:
Hello,

I would be more than happy to assist you in your home search. You've provided a lot of good info on your needs but would need a little more info from you. Please feel free to call or email.


Linda Hildreth
Better Homes and Gardens Gary Greene
Linda.hildreth@garygreene.com
281-733-3431
... more
0 votes 3 answers Share Flag
Thu Feb 7, 2013
Tina Lam answered:
A seller in a strong seller's market can ask the buyer for almost anything. While it's not the convention, it's possible.

Perhaps you're thinking about the initial deposit?
0 votes 4 answers Share Flag
Thu Feb 7, 2013
Tina Lam answered:
If you're turning a house that's for sale into a rental unit for the seller, then it's possible they'll charge a deposit and application fee which may not be refundable or credited.
0 votes 4 answers Share Flag
Wed Feb 6, 2013
Ron Thomas answered:
Why would a Bank have your Earnest Money?
Why don't you have a Realtor protecting your Interests?
You evidently were under Contract, and then you cancelled.
That's what happens.
0 votes 5 answers Share Flag
Tue Feb 26, 2013
Al Geffon answered:
It depends on the objective. If you're looking for a place to "park" your excess funds, it could be a worthwhile component of an overall strategy. But for the individual looking to begin accumulating capital, there are other means that will produce a more desirable result.

While nice homes in desirable areas rent quickly (I have two that never stay vacant more than a few days), as an overall investment strategy such properties rarely yield a decent ROI if purchased today. This is largely a residual effect of the market collapse a few years back. Lenders now require a minimum of 20% down and a six-month cash reserve for each additional property owned, including one's own residence. Tax write-offs notwithstanding, it can take years to break even.

I personally investigated the possibility of purchasing additional rental homes, but decided against it. For my situation, I think I made the right call.
... more
0 votes 5 answers Share Flag
... 4 5 6 7 8 ...
Search Advice
Search

Followers

1084