West University Place often called West U for short is located inside Loop 610to the west of Rice University. The cities boundaries are the Unbion Pacific Tracksto the west, Bellaire Boulevard to the south, Kirby to the East, and Bissonnet to the North. The streets are named after famous poets, colleges, and universities. West University is a city inside of a big city. West University has it's own Police Department, Mayor, City Hall, Park Department, and Courts. There are numerous neighborhood parks with pools, … [Read more...]
Reasons why your Realtor works for You!
Taking care of your clients is the number one priority of every successful realtor. Realtors who let the commission guide them in their decisions quickly find themselves out of business. Experienced realtors know that the secret to their success is in protecting the interests of their clients. I like to say that every successful Realtor follows the 5 R’s The 5’Rs REPEAT BUSINESS. It can cost thousands of dollars in advertising to get a client. Statistics say that people buy or sell their home every 5 ½ … [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 … [Read more...]
The Houston rental market is tightening
Despite a population growth of 2.18 percent last year, the number of new home starts remains low, while the number of rentals is increasing. With fewer homes on the market, competition to buy available homes is fierce. Investors are pushing home buyers aside using 1) fast offer submissions 2) cash offers and 3) above market offers to sweeten their deals. The National Association of Realtors warns “that continued tight credit conditions threaten to widen the wealth gap between owners and renters.” At the same … [Read more...]
How to Determine the Value of a Home
When purchasing a home, price is usually a major factor. Buyers need to consider today’s value as well as future potential. Inner loop realtor Bill Edge says that a home is worth what a qualified buyer will pay for it. When sellers price their homes too high, they reduce the home’s appeal to potential buyers. Sellers who prepare for market by pricing their homes competitively are more likely to achieve the greatest success when marketing their property. The following four ways to value a home can help … [Read more...]
FHA Condo revisions of 2012 do little for Houstonians
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...]
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...]
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