You have started to think about buying a home. Wonderful! Buying a home is a big investment. Before you jump into home ownership, make sure you are ready with these seven important things to know before buying a home.
1. Improve Your Credit Health
No one has perfect credit. Whether you have great credit or bad credit, we all have room for improvement. Having responsible credit habits will go a long way towards building your credit health.
Lenders like to see that you pay back your debts so it is extremely important to pay your bills on time, not just credit cards, but all your monthly bills such as cell phone bills, rent and utilities. Lenders also like to see that your credit utilization ratio is below 30 percent. Credit utilization ratio is the amount of outstanding balances on your credit cards divided by the sum of each card’s limit. A low ratio suggests that you are using credit responsibly which in turn adds to your credit health.
Be careful to not open too many new credit accounts. A hard inquiry, or hard pull, takes place every time you apply for a loan, credit card or mortgage. It can lower your credit score by a few points. It may not seem so bad but when a lender sees multiple hard inquiries within a short timeframe you may be considered a high risk customer that is short on cash with a lot more debt coming.
While not opening new credit card accounts is important, it is significantly more important to keep your old credit card accounts open even if you no longer use them. Not only does it affect your overall age of your credit history but it could also increase your credit utilization ratio.
So you tried to sell your home in Houston and it didn't work out - you hired an agent who listed your home on the MLS and then ... crickets. You are rightfully concerned and might be wondering why. There are 7 probable reasons why your Houston home didn't sell:
Your Home Was Priced Incorrectly
There's a good reason why your home's price is first on this list. When you price your home above its true market value, the chances of a sale are severely impacted. No matter how pretty or how masterfully marketed, an overpriced home will struggle to sell. Or worse, it will help sell the competition because in comparison other homes will look like a good value. Don't misunderstand my point: If your home's upgrades are nicer than average, you should try to maximize the sales price within the range of prices in the area. However, what you shouldn't do is price it above that level.
Prospective Buyers can't Access Your Home
All the greatest marketing in the world can do is to get a prospective buyer interested in looking at your home. But until they get to see it, there’s no hope for an offer. Lose lengthy prior notice requests, restricting showings to weekends only etc. Make your home as easy to access as possible and maximize your selling chances.
Your Home Doesn't Show Well
The way your home is presented to prospective buyers during showings is crucial in getting that offer. Lose the clutter, give every room a purpose and arrange the furniture to allow for pluses in your home to show and shine. Or you can hire a staging pro and have them do it for you. Staged homes sell faster and for more money. Presentation is all about giving Buyers a glimpse of what their life in the home might be like.
Your Home has Been Overcustomized...
Our Featured Listing this week is a three-bedroom, two and a half bath home in highly sought-after Stablewood Farms in Cypress, TX.
Zoned to Cy-Fair ISD, this home is located just north of Hwy. 290 off Huffmeister Rd.
The open floor plan features laminate wood flooring downstairs. Custom cabinets, tile backsplash and all black appliance adorn the kitchen. Gather your family at the breakfast bar or around the table in the breakfast room for a quick morning breakfast. You will love dining in the evening in your formal dining room. Enjoy solitude in the comfort of your master suite which boasts a separate soaking tub and shower, double sinks, and walk-in closet. Snuggle together in the upstairs game room for family movie night. This home is the perfect home for a growing family!
Follow the link below for more photos and details.
15535 Echo Stable Ln.
Call 936-714-6913 to schedule an appointment to view this or all Cypress Homes for Sale today!
At the start of 2017, the Houston economy was showing positive signs due to the recovery of the struggling energy sector. As oil prices stabilized around the $50/barrel mark employment numbers improved. The stronger job market resulted in an increase in demand for properties for sale and rent in the Houston Area and the real estate market reaped the benefits.
WTI Crude Oil Prices - 10 Year Daily Chart
In late August, Hurricane Harvey brought unprecedented rainfall and flooding to the Houston area. As a result, the local economy was disrupted as companies put hiring on hold. At the same time, the supply of available properties was reduced overnight and the demand for unaffected homes to buy or rent skyrocketed. Houstonians banded together, helped each other in this time of need and showed the world what it means to be #HoustonStrong.
Just 45 days later, home sales recovered and the rental market hit record territory. The Houston real estate market ended the year on a positive note entering 2018 with plenty of momentum.
Houston Real Estate Market Key Points in 2017
According to the latest report released by the Houston Association of Realtors:
- Sales of all property types in 2017 totaled 94,726 units, a 3.5-percent increase over 2016’s volume.
- The average price of single family homes rose 2.9 percent to $291,340 while the median price increased 3.8 percent...
Our Featured Listing this week is a one-bedroom condo in a gated community in the heart of Medical Center 2255 Braeswood Park #147 offered for sale at $149,900!
Braeswood Park Condos for Sale
Nestled off of Kirby and Main, it is all about LOCATION! Braeswood Park is a community with mature trees, exercise room with state-of-the-art equipment, and a sparkling pool. A short commute to the Med Center, Rice University, or Reliant Stadium you will have the best of Houston in your backyard! This one bedroom Med Center condo features granite countertops in the kitchen and the bath, wood-look flooring in the living areas, a large bedroom, and walk-in closet, and so much more! Ample parking within the complex and close proximity to Metro makes getting around a breeze for any type of commuter.
Follow the link below for full photos and details:
Medical Center Condo for Sale
Call us at 713-952-3200 to schedule an appointment to view this or any other Houston Medical Center condo for sale today!
The weekend is here and it brings with it the age old question: What fun things could we do together as a family? That's why I have put together a handy list of the Best 5 Things to Do with your family in Cypress Texas. Let's dive right in!
The Boardwalk at Towne Lake
You'll always find something to do at The Boardwalk. Go boating in your backyard, enjoy dining at waterfront restaurants, lakeside concerts, casual shopping and experience wellness on the water. From weekly events for the family to enjoy to specials offered by retailers and restaurants, The Boardwalk at Towne Lake is Northwest Houston’s premier attraction. The Boardwalk at Towne Lake is conveniently located at 9945 Barker Cypress Rd.
For info on upcoming events, visit The Boardwalk at Towne Lake
Houston Premium Outlets
Experience the ultimate shopping extravaganza at Houston Premium Outlets. The vintage style mall offers 145 designer and name-brand outlet stores. Relax at the outdoor courtyards or stroll from shop to shop along the covered walkways providing an all-weather shopping experience. Just off Hwy. 290 West at 29300 Hempstead Road, you will enjoy upscale outlet shopping from a wide range of retailers...
Our clients often ask us where should they buy in Cypress, Texas so we have put together a list of the top 5 newer neighborhoods in the Cypress, Texas area.
Alder Trails is a 155-acre community with two lakes with gorgeous walking trails. The community offers residents prime location just off Barker-Cypress Road between Queenston Boulevard and Cypress N. Houston. Alder Trails is near highly acclaimed Cy-Fairbanks ISD schools and surrounded by restaurants, shopping centers, entertainment venues, medical facilities and more. Homes range from the $200s to $800s.
Search Alder Trails Homes for Sale
Bridgeland is a masterfully planned community of 11,400 acres in northwest Houston located at Hwy 99 & 290. Centrally located in the community is the Lakeland Activity Center, with a resort-style pool, tennis courts, playground, fitness center and spacious community center. Residents can enjoy an abundance of activities such as a disc-golf course, fishing, dozens of parks and nature trails, Water Haven Spray Pad and use of canoes, kayaks and other recreation equipment. Upcoming, 20-acre community park will feature an enclosed dog park, a basketball court, canoe launch and a skate park. Additional tennis courts, picnic areas, walking trails and pavilions also are planned for the park, as well as a new splash pad, playground and heated lap pool, which will be open...