2003 built home in quiet, gated community of Spring Lakes that is convenient to I45, Hardy Toll Rd, The Woodlands, & shopping in Old Town Spring. This community offers lakes with fountains, ducks, miles of walking trails, parks, volleyball & lighted tennis courts, & community pools. This home has an open floor plan that boasts of high ceilings,tile floors, a master down, three bedrooms up, walk in closets, upstairs game room with study area, tile backsplash in kitchen with raised breakfast bar, hard surface counter tops, large lot, detached garage and much more. (more…)
Three year old Perry Built home in quiet, gated community of Spring Lakes that is convenient to I45, Hardy Toll Rd, The Woodlands, & shopping in Old Town Spring. This community offers lakes with fountains, ducks, miles of walking trails, parks, volleyball & lighted tennis courts, & community pools. The home has an open floor plan that boasts of high ceilings, tile floors, a master down, three bedrooms up, large walk in closets, upstairs game room, tile backsplash in kitchen with granite island & stainless steel appliances. This large lot has plenty of room for a pool or entertaining. It is a short sale and an excellent value! (more…)
This information is reprinted from REALTOR Magazine Online by permission of the National Association of REALTORS, copyright 2005, All rights reserved. http://www.REALTOR.org/realtormag
1. A real estate transaction is complicated. In most cases, buying or selling a home requires disclosure forms, inspection reports, mortgage documents, insurance policies, deeds, and multi-page government-mandated settlement statements. A knowledgeable guide through this complexity can help you avoid delays or costly mistakes.
2. Selling or buying a home is time consuming. Even in a strong market, homes in our area stay on the market for an average of 180 days. And it usually takes another 60 days or so for the transaction to close after an offer is accepted.
3. Real estate has its own language. If you don’t know a CMA from a PUD, you can understand why it’s important to work with someone who speaks that language.
4. REALTORS have done it before. Most people buy and sell only a few homes in a lifetime, usually with quite a few years in between each purchase. And even if you’ve done it before, laws and regulations change. That’s why having an expert on your side is critical.
5. REALTORS provide objectivity. Since a home often symbolizes family, rest, and security, not just four walls and roof, home selling or buying is often a very emotional undertaking. And for most people, a home is the biggest purchase they’ll ever make. Having a concerned, byt objective, third party helps you keep focused on both the business and emotional issues most important to you.
6. REALTORS are members of the National Association of REALTORS, a trade organization of more than 1 million members nationwide. REALTORS subscribe to a stringent code of ethics that helps guarantee the highest level of service and integrity.
1. Hire a cleaning service. A spotlessly clean home is essential; dirt will turn off a prospect faster than anything.
2. Mow your lawn, and be sure toys and yard equipment are put away.
3. Serve cookies, coffee, and soft drinks. It creates a welcoming touch. But be sure the kitchen has been cleaned up; use disposable cups so the sink doesn’t fill up.
4. Lock up valuables like money, jewelry, etc. Although the real estate salesperson will be on site during the open house, it’s impossible to watch everyone all the time.
5. Turn on all the lights. Even in the daytime, incandescent lights add sparkle.
6. Send your pets to a neighbor or take them outside. If that’s not possible, crate them or confine them to one room (a basement or bath), and let the salesperson know where to find them.
7. Leave. It’s awkward for prospective buyers to look in your closets and express their opinions of your home with you there.
Reprinted from REALTOR Magazine Online by permission of the National Association of Realtors, Copyriht 2005, All rights reserved.
SAN FRANCISCO (RealtyTrac) – The four major Texas metros had increases in residential foreclosures in the first quarter of this year, according to RealtyTrac statistics released yesterday.
Austin–Round Rock fared best, although foreclosure filings increased to 2,908 properties and 0.44 percent of the area’s total housing units. Filings increased 20.51 percent from fourth quarter 2009 and 27.26 percent from first quarter 2009.
In Dallas–Fort Worth–Arlington, foreclosures were filed for 13,637 properties, 0.57 percent of the area’s housing units. This was a 28.3 percent increase in filings from the previous quarter and a 56.95 percent increase from first quarter 2009.
Foreclosure filings in Houston–Sugar Land–Baytown totaled 11,223 last quarter, which represents 0.5 percent of its housing units. Filings were up 27.01 percent from fourth quarter 2009 and 63.2 percent from first quarter 2009.
San Antonio foreclosure filings hit 3,569 for the first three months of 2010, representing 0.46 percent of the city’s housing units. The number of filings was 21.89 percent more than in fourth quarter 2009 and 25.23 percent more than in first quarter 2009.
The following information is reprinted from REALTOR Magazine Online by permission of the National Association of REALTORS – copyright 2005 – all rights reserved.
Condominiums and townhouses offer an affordable option to single-family homes in most areas, but consider these facts before you buy.
1. Storage. Some condos have storage lockers, but usually there are no attics or basements to store belongings.
2. Outdoor space. Yards and outdoor areas are usually smaller in condos, so if you like to garden or entertain outdoors, this may not be a good fit. However, if you hate yard work, this may be the perfect option for you.
3. Amenities. Many condo properties have swimming pools, fitness centers, and other facilities that would be very expensive in a single-family home.
4. Maintenance. Many condos have onsite maintenance personnel to care for common areas, do repairs in your unit, and let in owrkers when you’re not home.
5. Security. Many condos have keyed entries and or even door attendants. Plus, you’ll be closer to other people in case of an emergency.
6. Reserve funds and association fees. Although fees generally help pay for amenities and provide savings for future repairs, you will have to pay the fees agreed to by the condo board, whether or not you’re interested in the amenity or not.
7. Resale. The ease of selling your unit is more dependent on what else is for sale in your building, since units are usually fairly similar. Single-family homes usually are more individual.
8. Freedom. Although you have a vote, the rules of the condo association can affect your ability to use your property. For example, some condos prohibit home-based businesses. Others prohibit pets. Read the covenants, restrictions, and bylaws of the condo carefully before you make an offer.
9. Proximity. You’re much closer to your neighbors, in a condo or town home. If possible, try to meet your closest prospective neighbors before making a decision.
FORT WORTH (Fort Worth Star-Telegram) – For the second year in a row, Texas cities took half of the top ten spots in Newgeography.com’s annual ranking of the best cities in the nation in which to find a job.
Austin–Round Rock–San Marcos ranked first, San Antonio–New Braunfels second, Houston–Sugar Land–Baytown third, Dallas-Plano-Irving fifth and Fort Worth–Arlington seventh.
Among the medium-sized cities that Newgeography.com ranked, El Paso was fifth, McAllen-Mission-Edinburg was sixth and Corpus Christi was seventh.
College Station–Bryan was the third best smallest city in which to find a job. Killeen–Temple–Fort Hood was fourth.
The rankings are based on three-month rolling averages of monthly employment data from the Bureau of Labor Statistics from November 1999 to January 2010.
It’s important to understand what legal responsibilities your real estate salesperson has to you and to other parties in the transactions. Ask your salesperson to explain what type of agency relationship you have with him or her and with the brokerage company. Discussed below are all forms of agency relationships, but in Texas we do not practice all of these types of relationships.
1. Seller’s Representation (also known as a listing agent or seller’s agent) – A seller’s agent is hired by and represents the seller. All fiduciary duties are owed to the seller. (Buyers who call the agent to see the home need to understand they have no representation.) The agency relationship usually is created by a listing contract.
2. Subagent – In Texas, we usually do not practice subagency. A subagent owes the same fiduciary duties to the agent’s principal as the agent does. Subagency usually arises when a cooperating sales associate from another brokerage, who is not representing the buyer as a buyer’s representative or operating in a nonagency relationship, shows property to a buyer. In such a case, the subagent works with the buyer as a customer but owes fiduciary duties to the listing broker and the seller. Although a subagent cannot assist the buyer in any way that would be detrimental to the seller, a buyer-customer can expect to be treated honestly by the subagent. It is important that subagents fully explain their duties to buyers.
3. Buyer’s representative (also known as a buyer’s agent) – A real estate licensee who is hired by prospective buyers to represent them in a real estate transaction. The buyer’s rep works in the buyer’s best interest throughout the transaction and owes fiduciary duties to the buyer. The buyer can pay the licensee directly through a negotiated fee, or the buyer’s rep may be paid by the seller or by a commission split with the listing broker.
4. Disclosed dual agent – There is no dual agency in Texas. We have Intermediary in Texas. Dual Agency is a relationship in which the brokerage firm represents both the buyer and the seller in the same real estate transaction. Dual agency relationships do not carry with them all tof the traditional fiduciary duties to the clients. Instead, dual agents owe limited fiduciary duties. Because of the potential for conflicts of interest in a dual-agency relationship, it’s vital that all parties give their informed consent. In many states, this consent must be in writing. Intermediary in Texas must be in writing. Disclosed dual agency, in which both the buyer and the seller are told that the agent is representing both of them, is legal in most states. Because of differing Errors and Emissions Insurance, some brokerage firms refrain from Intermediary Services. The Shannon Register Real Estate Team members can all perform Intermediary.
5. Designated agent (also called, among other things, appointed agency) – This is a brokerage practice that allows the managing broker to designate which licensees in the brokerage will act as an agent of the seller and which will act as an agent of the buyer. Designated agency avoids the problem of creating a dual-agency relationship for licensees at the brokerage. The designated agents give their clients full representation, with all of the attendant fiduciary duties. The broker still has the responsibility of supervising both groups of licensees.
6. Nonagency relationship (called, among other things, a transaction broker or facilitator) – Some states permit a real estate licensee to have a type of nonagency relationship with a consumer. These relationships vary considerably from state to state, both as to the duties owed to the consumer and the name used to describe them. Very generally, the duties owed to the consumer in a nonagency relationship are less than the complete, traditional fiduciary duties of agency relationship. We do not practice this in Texas. A Realtor in Texas either represents the buyer, the seller, or is in an Intermediary Relationship.
Reprinted from REALTOR Magazine Online by permission of the National Association of Realtors, Copyriht 2005, All rights reserved.
TEXAS (Real Estate Center) – A total of 19,330 existing single-family homes were sold in Texas last month, up 16 percent from March 2009, according to MLS data compiled by the Real Estate Center at Texas A&M University.
The median price was up 4 percent to $144,600 during the same period, and the state finished the month with a 7.1-month inventory of existing homes.
Here is how select Texas cities fared in March (data current as of April 27, 2010):
|Amarillo||203||no change||$113,500||down 6%||6.4|
|Austin||1,999||up 33%||$178,600||no change||6.6|
|Corpus Christi||302||up 7%||$137,600||up 13%||9.8|
|Dallas||3,989||up 10%||$157,600||up 7%||6.3|
|Fort Worth||751||up 10%||$115,700||up 6%||6.6|
|Houston||5,359||up 13%||$153,000||up 5%||6.9|
|Laredo||70||down 8%||$124,300||up 11%||8.9|
|Lubbock||316||up 22%||$109,800||up 1%||5.7|
|McAllen||256||up 43%||$93,800||down 1%||11.8|
|San Antonio||1,739||up 27%||$141,900||down 1%||8.1|
|Texas||19,330||up 16%||$144,600||up 4%||7.1|
Additional home sales data for these and other major Texas cities are available on the Center’s website.