Recently a home buyer wanted to buy a condominium for his family near his work. He had his pre-approval letter, good credit, and a large down payment. Normally this would be an easy deal. He wanted to buy a condominium near Greenway Plaza. There were 28 condos for sale from 14 different Associations. A quick look at approved condo projects for the area showed only two condominium projects were approved by the FHA. “Unfortunately, no units were listed for sale from the approved condominiums and I lost the … [Read more...]
Archives for December 2012
Mortgage Calculator
Mortgage calculator quickly shows what you can expect to spend on your home loan. … [Read more...]
Buyers in Houston will see a Housing shortage in 2013
The inventory of homes in Houston has dropped to levels last seen 12 years ago. The number of homes listed for sale in November 2012 according to the Houston Association of Realtors was 36,539. This is a 34.2% drop in the number of homes (45,113) listed for sale in November 2011. While new home starts are well below the record peak hit in 2006 when over 50,000 new homes were built in Houston. What this means to you the buyer is that there is a lot of competition for homes listed for sale. Inner Loop Houston … [Read more...]
Landlord-Tenant Issues in JP Court
Texas has its own set of Landlord and Tenant Rights. It is important to know the Texas laws because the landlord gives all possession rights to a tenant. Once the property is leased if the landlord enters the property without proper notice the tenant may file suit in court and ask for damages. No matter what the landlord may not force their way into the home without first checking to see if someone is home. Reasons the landlord may enter the unit if the lease agreement does not include … [Read more...]
How Houston Realtor Makes Use of Latest Transaction Management Software
Houston Inner Loop Realtor Bill Edge is committed to providing the most effective and technologically current resources to his clients. He uses HAR ETS, a electronic transaction solution (ETS) which allows the buyer or seller to view their transactions electronically. Bob Hale, President and Chief Operating officer of the Houston Association of Realtors (HAR) said “from listing to closing 92% of the consumers want to see transaction management.” Bill was a contributor to the software’s functionality and shared his … [Read more...]
Issues Affecting Houston Real Estate in 2013
Houston is facing many challenging stressors that are not likely to go away anytime soon. In many cases, they afflict not just Houston but much of the U.S.. Top 10 Issues 1.Aging Population There is a relationship between an aging population and slower economic growth. The U.S. has a healthier economic outlook than other developed countries, but is faring worse than countries like Brazil and India where demographics impact growth. Over the next decades, China together with the majority of developed … [Read more...]
Houston Realtor Gives Back to the Community
Winston Churchill said "We make a living by what we get, but we make a life by what we give." Real estate professionals know their neighborhoods like no one else and are in a unique position to help others. My name is Bill Edge and I am a Houston inner loop realtor. I believe that giving back to our community is essential. This includes helping clients in need by offering our professional skills Pro bono, providing mortgage assistance and help with closing costs. When I see someone I can help, I do it and so can … [Read more...]