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Home Buying in Houston : Real Estate Advice

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  • Home Buying1K
  • Home Selling130
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Activity 671
Mon Feb 18, 2013
Al Geffon answered:
Can you let me know which property you're referring to? In any event, there are very few homes that an owner would be willing to finance ... most like to cash out and move on.

In the event we do locate one, you should be aware that most require a large down payment (usually 20% to 25%), the interest rate will be considerably higher (probably 6% or greater ... current bank rates are in the 3.5% range), and you will need to obtain financing to pay off the owner in three to five years (the "balloon"). With homes selling quickly, there doesn't seem to be a reason why an owner would elect to act as the bank ... unless there's something critically wrong with the property (bad foundation, structural damage, etc.).

I hope this explains matters a bit for you. If I can be of further assistance, please feel free to contact me.

Regards ...

Al Geffon
(713) 213-6350
al@geffon.net
... more
0 votes 3 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
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
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 5, 2013
Rick and Cathy Trevino answered:
These three types of floorings have their pros and cons. Here's an article that will help you decide on the style that best suits you.

http://www.ehow.com/list_5824454_flooring-dogs.html ... more
0 votes 5 answers Share Flag
Sun Feb 3, 2013
David Tansey answered:
All material facts/defects. When in doubt disclose. It is the best way to keep yourself out of legal trouble.
0 votes 7 answers Share Flag
Fri Feb 1, 2013
Jay Abeya answered:
I believe as soon as you can so that you can determine what you are pre approved for so that you can figure out your max price range. Feel free to contact me with any questions that you may have as I can be of help to you as I am a mortgage banker. Hope you have a great day!!


JAY ABEYA

NMLS ID # 252320

Branch NMLS ID # 312927

K&G Capital Mortgage a Division of Houstonian Mortgage Group, Inc

7026 Old Katy Rd Suite 280

Houston, TX 77024

832-813-0100 ext 332

832-524-3842 cell

713-588-8493 fax

www.kgcm.com
... more
0 votes 8 answers Share Flag
Tue Jan 29, 2013
Krystal Villarreal De'Newton answered:
This property is not listed anywhere. You can look up the address on HCAD.org, and that should give you some information on the owner.
0 votes 3 answers Share Flag
Mon Jan 28, 2013
Mark McNitt answered:
These appear to be manufactured homes. Similar to "mobile", but things can be added like garages. There are more traditional single family homes with concrete foundations in the general area. You might want to make sure your search specifies a single family home and also include Humble ISD, a good school district in the area.

Mark McNitt
m 832-567-4357
Bernstein Realty, Inc.
... more
0 votes 2 answers Share Flag
Fri Feb 1, 2013
Patricia Isom answered:
You should take a look at Cross Creek Ranch. The subdivision is beautiful and I think you can get exactly what you are looking for. The website for the subdivision is www.crosscreektexas.com Please feel free to call me at (254)640-4371 or email at patricia.isom@yahoo.com ... more
0 votes 10 answers Share Flag
Fri Jan 25, 2013
Christy Hempel answered:
Give me a call and we can discuss. i have some lenders that go down to 560 credit scores
0 votes 7 answers Share Flag
Thu Jan 24, 2013
Alan Harper answered:
You need to get references from people that have had their homes inspected by the company and get as much feedback as possible. I would skip the reviews online honestly, most bad reviews come from competitors. The main thing is to find out what problems, if any that the references experienced.
The inspector should be as thourough as possible. I would have an A/C and Heating company check the HVAC equipment after the inspector, as I have heard most inspectors are not thorough enough when it comes to this.

1% Cash back at closing to all my buyers!


Alan Harper
REALTOR®
World Wide Realty
http://allrealestate.us
281-905-2414
... more
0 votes 4 answers Share Flag
Fri Jan 25, 2013
Patricia Isom answered:
I can certainly help you with that! Give me a call at 254-640-4371 or email me at patrica.isom@yahoo.com
0 votes 9 answers Share Flag
Fri Feb 1, 2013
Jay Abeya answered:
Hello John,

I would be more then happy to help you. First are you pre approved?? If not that would be your first step as I will be able to help you with that as I am a mortgage banker. From there I can put you in contact with some great realtors that can help you out finding that right home for you. Please feel free to contact me with any questions you may have. Hope you have a great day!!


JAY ABEYA
NMLS ID # 252320
Branch NMLS ID # 312927
K&G Capital Mortgage a Division of Houstonian Mortgage Group, Inc
7026 Old Katy Rd Suite 280
Houston, TX 77024
832-813-0100 ext 332
832-524-3842 cell
713-588-8493 fax
www.kgcm.com
... more
0 votes 15 answers Share Flag
Mon Jan 21, 2013
Mark McNitt answered:
Depends on how much you are doing? If your adding square footage to the home and/or needing permits to do the work, it might be noticed by the appraisal district and yes, the taxes might go up. A good problem to have if the value of the home you purchased is increasing.

You can always protest your taxes with the accessed values come out in March from the appraisal district. With a Realtors help, you can quickly determine if they have your home overvalued and protest to try and get that assigned value lowered. You will see commercials for companies that do this, but a home owner can do it easily and for FREE. Takes about an hour or two out of your day to visit the appraisal district on Highway 290 (for Harris County/Houston).

A more important question might be how much updating should you do? You need to keep in mind the values and what are the typical updates in the community. If you do too much, you will likely not get any of those investment dollars back. Again, a Realtor can best advise based on the neighborhood your look to purchase in.

Mark McNitt
m 832-567-4357
Bernstein Realty, Inc.
... more
0 votes 10 answers Share Flag
Mon Jan 21, 2013
Patricia Isom answered:
In Katy it would be Cinco Ranch and Cross Creek Ranch without a doubt. It just depends on where in Houston you are looking. If you are looking for a realtor just let me know
0 votes 5 answers Share Flag
Thu Jan 17, 2013
Tommy Burris answered:
Credit score matters.
What is your score?

Tom Burris
Mortgage Banker
DallasLoanGuy.com
(214) 763-4629 cell/text/nights/weekends(Really!!)
tomburris@dallasloanguy.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 2 answers Share Flag
Tue Jan 15, 2013
Jane Lindsey answered:
No, it's not true, IMO. Would be happy to talk over the phone. Give me a call tomorrow if you'd like to have a lively conversation about Montrose real estate:) 713 301 4385
0 votes 4 answers Share Flag
Mon Jan 14, 2013
Travis Jackson answered:
This house is in a very good area! Great schools, beautiful park and close to shopping. If you are looking to purchase this home you should get in touch with a local Realtor asap. If you aren't currently working with anyone, I could recommend a qualified buying agent specializing in the Houston region. If you send me your contact info to Tjackson@c21mm.com , I will have an expert Realtor contact you!


Travis Jackson
Century 21 M & M Associates
DRE# 01879566
Tjackson@c21mm.com
http://www.408RealEstate.com
... more
0 votes 5 answers Share Flag
Wed Feb 4, 2015
Al Geffon answered:
It is quite possible, but you'd need to speak with a lender who specializes in such financing. I work with two, and will be happy to refer you. Once you qualify for the loan, we can search for your new home. Please get in touch with me, so that we may begin the process. I look forward to hearing from you.

Regards ...

Al Geffon
(713) 213-6350
al@geffon.net
... more
0 votes 10 answers Share Flag
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