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Home Selling in 77479 : Real Estate Advice

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  • Home Buying9
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Activity 7
Wed Mar 11, 2015
Linda S. Cefalu answered:
You should contact an agent immediately who is familiar with short sales. He/she should ask if you have applied for a loan modification. Although these are hard to get, sometimes they are successful. If your situation was temporary and you can see yourself as able to get caught up, you may be successful. If not and your if you are needing to get out from under, you need to contact an agent asap.

Interview several agents until you are comfortable with that agent. Be prepared to provide any and all documents requested of you, such as last two years tax returns, past and current check stubs etc . You will need to be prepared fill out an financial form and a hardship letter explaining to the bank why you are requesting them to accept less than what you owe. Your agent will also need you to sign a form that gives him/her permission to discuss your account on your behalf.

You should be trying to sell already, unless you don't mind having a foreclosure on your record.
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Tue Feb 3, 2015
Azeem Karmally answered:
Dear Seller:

I must say your question is one of the important questions any seller might have when considering putting their house in the market or even valuing their property value when it comes to appraising it for refinancing or pulling out equity. Foundation work can be very tricky and scares lots of buyers if you ask me.

To be honest, I reprsent both buyers and sellers and when I am representing buyers I will give them heads up for foundation work done to this property. The reason I do that is because in inspection report the inspector fills 3-4 pages work done and reapairs needed pertaining to foundation. Eventhough the foundation work comes with life time, 30 year, 20 year warranty for some reason the buyers still gets panic and like to run away from the property.

In a situation when I am representing sellers with this problem I try not to reduce the price of the property as it gives a ripple effect if any buyer is interested to purchase this property. When the time comes and the buyer feels hesitated you may then turn around and reduce the price to compensate for their feeling. But if you discount your property from the beginning then when the time comes for a buyer interested in your property you might have to again reduce the price just to say "fine here you go have my property".

Bottom line: yes it does effect your property if it has foundation problem but you must not reduce the price now but later when the time comes. By the way there are many properties even 3-5 years old which has foundation problem so that doens't mean they sell for less.

Hope this helps.

Regards,

Azeem Karmally
REALTOR, SFR, GRI, SFR
832-651-6829
azeem.karmally@gmail.com
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0 votes 6 answers Share Flag
Mon Jan 31, 2011
Mahadevsanjay asked:
I'm exploring few master-planned communities such as Telfair and Riverstone. Which of these is better in terms of a future resale value, appreciate any thoughts on pros and cons. A...
0 votes 0 Answers Share Flag
Wed May 16, 2012
Greg Fowler answered:
There is a rather complex formula for the calculation of title insurance premiums. This link will lead you to what the state of Texas has published. If you do a Google search for Texas Title Insurance Rates, you will also find calculators that allow you to input a home's sale price and they return the amount of the premium.

http://www.tdi.state.tx.us/orders/co0405premrate.html

Hope this is helpful.

Greg Fowler
Keller Williams Dallas City Center
(214) 215-8097
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0 votes 7 answers Share Flag
Mon Mar 19, 2012
Eric Funk answered:
You have to realise that you are competing with new construction - but that may also mean that you have already done all those little extra things that add up which someone going into a just built house would have to do. Get a couple of different agents to give you their price opinion and go from there. Best wishes! ... more
0 votes 4 answers Share Flag
Wed May 6, 2009
. answered:
Sugarland Buyer,

Why Houston? How about Dallas? I can show you homes available for purchase at 20-30% under market value with 100-200% ROI with 20% down.

Contact me at: Nicolearenas@ymail.com or 214-991-9507 ... more
0 votes 1 answer Share Flag
Wed Jul 1, 2009
Margaret T. Hatcher answered:
Suzette,
Yes and no,
There are agents or Realtors - do you know the difference? that have over 20 years of experience but do not pay any attention to detail and do not represent their clients or customers - do you know the difference? very well.

And there are some New agents that take a lot of time making sure they don't make any mistakes to they ask their broker or a senior agent in the office to make sure they have crossed ever t and dotted every I and spoken to every one and said all that had to be said to every one.

So I guess all matters.

By the way on paying attention, we have a forum called agent to agent where we usually place these messages but I am an old horse too and placed such a question here too. LOL

Margaret
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