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Home Buying in 77406 : Real Estate Advice

  • All16
  • Local Info3
  • Home Buying6
  • Home Selling2
  • Market Conditions0

Activity 14
Tue Jul 2, 2013
Buddy Williams answered:
Wow. Loaded question. Fort Bend County has the reputation of being one of the greatest places to reside in the country. What do you plan on doing when you retire, i.e., golf, travel, charity, or shop? Katy, Sugar Land, Richmond, and Fulshear are great communities-each having distinct differences that attract different residents. Let me know what your plans are and I can make recommendations. My wife and I have lived in Fort Bend County for over 30 years - would not have it any other way. ... more
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Wed May 22, 2013
Vanessa Martin answered:
Fri Dec 14, 2012
Sharon Sausedo answered:
You are almost always better off with a VA loan if you can get one.

Not only do VAs offer 100% financing (conforming loan limit for VA loans is $417,000 in most parts of the country so it is likely that at 330K you qualify for 100%) but you also are not required to pay monthly mortgage insurance premiums.

There are the VA funding fees that have to be paid which varies based on the type of military service you performed and also varies based on if this is first time loan or second/third... loan. Yes, you can take out VA loans more that one time! If you are a qualifying disabled Vet then you will never pay any VA origination fees.

Did you mean tax rate or interest rate at 3.25? You really need the interest rate, tax rate (annual or monthly stated) and homeowners insurance rate as well as your VA service level to calculate the expected payment. Can you supply those details?
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Thu May 30, 2013
Terry Farnsworth answered:
My father-in-law has a 1965 GTO convertible in his here are my two cents:

Heavy duty air compressor
Slop sink
Heavy duty large steel tool chest
A hydrolic car lift

Refridgerator/pop machine dispenser with plenty of cold beer =)

Hope that helps!
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Sat Jul 14, 2012
Your lender needs to verify your funds to close.
If you are short.... They won't close.

Can you get a gift?
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Tue Apr 18, 2017
Denise Hulse answered:
Sales within the last six months have been slow in Canyon Gate but recently several homes have gone under contract to close. You might be able to get a price break on homes that have been on the market for some time, it just depends on the sellers and their circumstances. It is true that you will more than likely pay more for a comparable home in Greatwood, New Territory and Riverpark. There is no way to predict the future of a neighborhood, but Canyon Gate at the Brazos has many lovely homes on the market at this time and it may be an opportunity to purchase a home at a lower market price. If you are not working with a realtor and would like to contact me directly I would be happy to represent you in the purchase of a property.
Denise Hulse
RE/MAX Southwest
281-207-5155 Direct
281-216-3217 Cell
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Tue May 29, 2012
Shaukatali Kadibhai answered:
I assume you are asking what the sub division has to offer.
All sub division have different range of amenities provided to the owners of homes in that araea.
You have to be specific and the fees (HAO) also depend on what they offer.
Some provide very exrensive range....Swimming pool, tennis courts, club house etc etc.

Email me if you have more questions I can help.

Kadibhai (Kadi)
Prudential Gary Greene, REALTORS - Katy
Phone: 832-228-7978
Fax: 281-646 1841
home buyers -
"The highest compliment I am ever given is when I am
referred to your family & friends!"
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Thu Mar 1, 2012
Shaukatali Kadibhai answered:
Everyone will tell the seller needs to lower the price .
But there are other options as well.
1. We all make mistakes and so do appraisals.
The appraisal may not be familair with the area and is coming from Dallas to appraise a Katy home.
2. Get a second local appraisal.
3. Ask your agent to run the comps in the area how he determined the selling price initially.
4. Some of the upgrades to the house may have been forgotten by the appraisal.
Hoping this helps.
Kadi. -
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Tue Sep 7, 2010
Faith Floyd answered:
the military and certain other federal employees:

Members of the military and certain other federal employees serving outside the U.S. have an extra year to buy a principal residence in the U.S. and qualify for the credit. Thus, an eligible taxpayer must buy, or enter into a binding contract to buy, a principal residence on or before April 30, 2011. If a binding contract is entered into by that date, the taxpayer has until June 30, 2011, to close on the purchase. Members of the uniformed services, members of the Foreign Service and employees of the intelligence community are eligible for this special rule. It applies to any individual (and, if married, the individual’s spouse) who serves on qualified official extended duty service outside of the United States for at least 90 days during the period beginning after Dec. 31, 2008, and ending before May 1, 2010.
In many cases, the credit repayment (recapture) requirement is waived for members of the uniformed services, members of the Foreign Service and employees of the intelligence community. This relief applies where a home is sold or stops being the taxpayer’s principal residence after Dec. 31, 2008, in connection with government orders received by the individual (or the individual’s spouse) for qualified official extended duty service. The credit is still allowable even if this happens during the year of purchase. Qualified official extended duty is any period of extended duty while serving at a place of duty at least 50 miles away from the taxpayer’s principal residence (whether inside or outside the U.S.) or while residing under government orders in government quarters. Extended duty is defined as any period of duty pursuant to a call or order to such duty for a period in excess of 90 days or for an indefinite period.
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Sat Jun 6, 2009
T.E. & Naima Sumner answered:
Financing regulations and rules have changed a lot since 2008.
That may be hard to understand and accept but the billions of dollars of foreclosed mortgages in California, Nevada, and Florida, not to mention every other lesser location, caused massive failures within the banking system, collapsing the single largest mortgage provider, Countrywide, into Bank of America, for example.
We didn't see the run-up in prices in Texas and didn't have to same level of profligate lending that were widespread in those place, but we did have our share of abuses.

These days financing is the biggest single cause of contracts going bad. Last year 580 was acceptable as a credit score. 0% down was acceptable. Now, you need at least 3-1/2% down and a 620 credit score.

The good news is that rates are low. If you can qualify for a loan (in January you did), your payment would be better now anyhow, most likely. See if you can get pre-qualified again with a lender. You may be surprised by a lower monthly payment. The cash down payment, however, is never going to be below 3.5% unless you are a veteran or the house is located in a rural area.
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Wed May 27, 2009
Dallas Texas answered:
All areas have certain deed restrictions of that particular area, range is consider "reasonable" of like homes. HOWEVER you could have an area "backs up " new construction less in value OR more in value.

If you are going purchase perhaps go "middle of road" maybe not most expensive home OR less expensive home .

National Featured Realtor and Consultant, Mortgage Loan Officer, Credit Repair Lecturer
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Sun May 24, 2015
Shayne Stone answered:
Check out one of my websites to answer this question;
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Wed Aug 12, 2009
Investor answered:
Heard very positive things about the community; great people; great homes!

Economic downturn has put new building on hold for the time-being.
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Wed Apr 15, 2015
T.E. & Naima Sumner answered:

I am sorry for the bad news but it could be a blessing in disguise. It's best that you know that now instead of being faced with a monthly mortgage payment that you can't afford.

Yes they should have had at least a doubt if they ran it through the DU. Hopefully you haven't incurred any expenses that you can't recoupe. Go back to the builder and see if they have a home that you like in the 190K range.

Also, did you have a Realtor represent you in your purchase?

... more
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