Wow! You're moving from Illinois. I'm a transplant from Illinois too. I moved to the Houston Area 18 months ago and love it. Like any large city, the commute to downtown is not the easiest to do. There are park and ride bus locations throughout Houston for people who don't want to drive downtown. The very best schools (in my opinion) are in Katy, which is a western suburb of Houston. The Katy School District is a "destination" school district. In other words, people move to Katy specifically so their children can attend Katy schools. The schools are award winning, considered some of the best in Texas and the nation.
Please contact me to help you get acclimated from Illinois to Texas! Think you will love it here!
I would love to help you find your new home! Please feel free to contact me and I will send you the list of properties that match your criteria.
RE/MAX Real Estate Associates
cell. 713-534-3018... more
Go with the one showing the most RESULTS!
Anyone can promise you the moon but not everyone can show you the the evidence that their process works by simply allowing you to see the RESULTS.
Most brokerages operate on the business model that "IF you pay the fee you are ok with me." They will take anyone on board. One brokerage here in the Tampa area has 3,000+ agents and the brokerage does a whopping number of transactions....untill you ask the right question, one would think this mega broker is at the pinnacle of the real estate industry. Not so.
The right question for those who intend to make money, to be in business beyond two years is, "What is the average annual agent transaction for this office?"
Those brokerages who practice 'accidental' real estate will average around 9 transactions annually. Productive offices, the one you want to be a part of, average 17, 21, 35 transactions annually per agent. These results ARE the validation the system, compensation, training, infrastrucure and support actually WORK and produce RESULTS!
When you have identified the productive offices, beg, borrow, steal...do what you must to join a team or be assigned a mentor. Share your businesss vision/plan with your mentor then simply follow the directions provided. You will learn by doing and earn by completing and all done under the supervison of your mentor.
Be aware, you neither learn or earn warming a seat in a classroom. If you are ready to "hit the ground running" your choice should not be too difficult.
Best of success,
Annette Lawrence, Broker/Associate
Remax Realtec Group
Palm Harbor, FL
If you are borrowing part of the purchase price make sure the lender knows it will be a rental property. Big brother is watching, good luck,
NMLS # 6395
Financing Kentucky One Home at a Time
I answer questions about financing real estate based on my decades of experience dealing with mortgage underwriters. This answer is my personal opinion, has not been reviewed or approved by the company I work for. I do not offer legal or tax advice, if you need answers from an attorney or CPA find one knowledgeable in your local market.... more
This is not un common with these so call investors. I would send him a cease and desist letter and get with a local Realtor and have the property listed correctly. If you have to sell it yourself and need my assiatnce let me know and i will provide you with a a complete how to guide and also help you qualify any potential buyers.
Lowell E. Sterling
Ph | 469.347.3572
Fax | 484.685.7757
5700 Granite Parkway, Suit 286
Plano, Texas 75024... more
If your looking for a land contract it might be hard to find on trulia.
You might want to speak to a local realtor in Houston who can find you a a lease with a purchase option and "owner will carry" .
I have an associate in Texas who can help you find something if you pm me. it wont cost you a dime to work with her as the buying client.
No, unless specifically mentioned in the contract for such a scenario. Typically, if a property is appraised below (not slightly below) contract price, the lender would ask the buyer to come up with the additional funds only if the lending ratio exceeds the guidelines under which the buyer was approved. Buyer can 1) Review the appraisal report for errors, omissions and provide comps to revise the appraisal, 2) Request a re-appraisal at his own cost, 3) Negotiate the price or incentive with the seller to cover the shortage or 4) Do nothing in which case the lender will back out and the deal will fall through.... more
I would love to help you find your new home! I have lived in that area myself until last year and I know the area really well. Please contact me and I will send you the list of properties that match your criteria as soon as they hit the market.
RE/MAX Real Estate Associates
c. 713-534-3018... more
You need to discuss this with your agent right away. It may come down to consulting with a real estate attorney which is I highly recommend you do especially if you still want to finalize the purchase of the condo.... more
If your client is looking to do a flip on a property, he can refer to hard money financing. It's used as a short term loan with high interest rate. A lot investors will use this to avoid having to put too much money upfront. The basis of the loan is based upon the ARV (after repair value) of the property. Usually you can get an LTV of 70% on Hard Money loans. In his case he may have to hold onto the hard money loan until he has flipped the property.
Serve Realty Professionals, LLC