Posts Tagged ‘Houston Texas’

BUYING A HOME – BUYERS’ CLOSING COSTS

Friday, September 10th, 2010

Most of you are aware that the down payment is not the only cash cost required to buy a home. An earlier post discussed the need and costs of home inspections. In addition to inspection costs, a Buyer will have certain costs which must be paid at closing. Depending upon the type and amount of financing and the negotiations between the Buyer and Seller, typically a Buyer will have bank fees, appraisal fees, Title Insurance for the Lender, and county filing fees.

When they first begin to look for a home, Buyers whom I represent receive an estimate of cost to close for a home in the price range they are seeking. Once we find a home and make an offer, I provide the Buyer an estimate of cost to close for that specific home. I always want Buyers who work with me to have the information necessary for them to make informed decisions with no surprises.

Interested in Buying a Home? Want more information about the Buying process or the cost to purchase a Home? Contact me and I will be happy to provide you the information you need with no obligation on your part. tom@tomplant.com  713.942.6895.

Here is a video from Houston Association of REALTORS discussing in general the costs a Buyer will incur at closing.

BUYING A HOME – HOME INSPECTIONS

Wednesday, September 8th, 2010

Buyers should never rely solely upon the Sellers’ Disclosure to determine the condition of a home. An experienced, professional home inspector can save a Buyer from purchasing a home with significant defects that will require expensive repairs. I even encourage Buyers of new construction to have an inspection. Having problems addressed before closing is far better than relying upon a builder’s warranty after closing.

The best inspectors have become quite expensive. An inspection in Houston will cost several hundred dollars and, for larger homes, can be near $1,000. Selecting an inspector is not a time to comparison price shop. All homes in Houston should have a structural and mechanical inspection and a termite inspection. Other inspections that are sometimes needed include pools, leak detection, lead paint, asbestos, roofing expert and foundation expert.

This video from the Houston Association of REALTORS® will provide some general information about inspections.

BUYING A HOME – WHAT WILL YOUR REALTOR® DO FOR YOU?

Wednesday, September 8th, 2010

A Buyers’ agent should do much more than simply help find you a home. In fact, finding the home you want is a small part of what you should expect when you are represented by a Realtor®. A Realtor’s advice and counsel on market conditions, market value and resell potential of a home; skill and experience in negotiations; and, managing the process through closing are what makes representation valuable.

Shown below is how I go about representing a Buyer. If you decide to work with someone besides me, make sure they will provide complete representation.

When I represent you as a Buyer, I will:

  • Listen carefully to understand your objectives, criteria and limitations.
  • Provide extensive information on every property we decide to visit, including MLS information, property tax records, flood map, and Sellers’ Disclosure , when available.
  • Offer you advice and opinions based upon analysis, experience and my knowledge of the market.
  • Develop with you negotiating and bargaining strategies that will work in your best interest.
  • Before making an offer, provide to you a Comparable Market
  • Analysis with an explanation of the comparable sales.
  • Provide my candid and honest opinion of the property.
  • Advise you on an initial offer.
  • Advise you about location subtleties affecting market price and future resell potential, e.g., flood plain, traffic noise, planned road construction or known new construction plans.
  • Prepare and review all documents with you, explaining the issues and advising how to protect your interests.
  • Assist in due diligence and manage all aspects of the purchase procedure.
  • Provide an estimate of closing costs and explain the closing procedures.
  • Provide any other assistance necessary to achieve a successful purchase.
  • Provide Quality Service Guarantee including third party survey and evaluation with results online.

TIRED OF AUTOMATED CUSTOMER SERVICE – NEED TO TALK TO A PERSON – CHECK THIS OUT

Tuesday, September 7th, 2010

After another long call of answering questions from a customer service robot and still not getting help, I remembered this site I used to use often. The link below will take you to a website that will give the short cuts to reaching a human being at more than 1,600 companies. Use it to reduce the stress and frustration of getting help and pass it on.

GetHuman.com

VALUABLE LESSONS LEARNED FROM PAST HURRICANES

Tuesday, September 7th, 2010

I found this an interesting article to share with you.

Houston Business Journal – by Ken Bacon Special to Houston Business Journal

It’s been five years since Hurricane Katrina devastated the Gulf Coast, creating the largest disaster-inflicted housing crisis in U.S. history. In just 24 hours, 300,000 homes were destroyed or made unlivable. More than a million people fled the storm, many given shelter in Houston. Three years later, Hurricane Ike cut a swath of destruction along the Texas coastline, severely damaging hundreds of thousands of homes and inundating communities with mud and debris. Today, the region is reeling from the business, economic and environmental impact of the Gulf oil spill. And of course another hurricane season is upon us. Disaster has a habit of putting the test before the lesson, but with a five-year perspective on Katrina and its aftermath, we can begin to recognize hard-earned wisdom. Sharing lessons learned can help hasten recovery and help us all respond to future disasters more rapidly, more effectively and more successfully. My company’s job is to support housing in all markets and at all times. That includes the national market as it grapples with the current housing crisis and also local and regional housing markets when they are affected by a natural disaster or an economic downturn. After Katrina and Ike, we pitched in to help by providing housing investment, financial tools and assistance for homeowners. Recovery is far from complete, and our work to help rebuild communities continues. Together with our local partners, including business leaders, developers, nonprofits, lenders and government agencies, we have navigated extraordinary challenges and learned valuable lessons that can help communities cope after future disasters. Those lessons include: • Be on the ground. It is essential to understand the needs and challenges of your customers and your community. • Solutions take time. Homeowners need information, assistance, and time to decide whether to rebuild or start over. • Recovery is complicated. Whether it involved a $65 million investment in multifamily apartments or helping a family with a $150,000 mortgage loan, solutions often have to be worked out case-by-case. • Deals get done if risk is shared. When all business partners agree to take additional risk, a transaction can be concluded. Keeping business on track sends a stabilizing message to the housing market. • Rely on trusted relationships but be open to new approaches. In the absence of major housing builders in the Gulf Coast, nonprofits, faith-based organizations and housing agencies stepped into roles they never anticipated and have become leading developers of affordable housing. • Don’t wait for a disaster to get to know your neighbors. Partnerships are essential to getting things done. Having relationships in place will make it easier for nonprofits, government agencies and business partners to work together under emergency conditions. • Leadership matters. When Houston’s Democratic Mayor Bill White sat down with Harris County Judge Robert Eckels, a Republican, to hammer out disaster response, they sent a powerful message of collaboration and good will. I am a native of Houston, and the people of this community reinforced a more personal lesson for me — nothing trumps generosity of spirit. I was deeply moved by the way that my hometown welcomed Katrina’s refugees and sorted through the chaos created by Ike. I saw families open their arms and churches open their doors to people they didn’t know, people they had no obligation to help, but they did so willingly, graciously. When Ike came, I was amazed at the way people grabbed their chain saws and loaded their pick-up trucks in a spontaneous effort to clear our streets and help their neighbors. Maybe that is the best lesson of all.

Ken Bacon is executive vice president for housing and community development at Fannie Mae.

BUYING A HOME – HOW TO CHOOSE A REALTOR®

Sunday, September 5th, 2010

When you begin to consider purchasing a home, the REALTOR® you select can make the difference between an intelligent purchase and making a large mistake. No agent is right for everyone. Decide what factors are most important to you and choose the agent accordingly. Buyers with whom I work tend to be people who value a great deal of information, comprehensive market analysis and candid opinions as to value. A later post will provide details about how I work with Buyers. The following HAR video recommends you check an agent’s online ratings. Click these links to check my ratings. HAR    QSC

BUYING A HOME – WHY USE A REALTOR®

Sunday, September 5th, 2010

This is first in a series about the process of buying a home in Texas. When you choose me to represent you in purchasing a home,  you will receive the benefit of my proven real estate expertise, extensive business experience, analysis and attention to detail combined with the market strength of Greenwood King Properties. Read what Buyers have said about me.  With me, Real Estate is All Business.

5 TIPS FOR INSPECTING AND MAINTAINING YOUR GARAGE

Saturday, September 4th, 2010

Routine maintenance will help your garage retain its value and keep it trouble-free for decades.

By: G. M. Filisko

Steel garage doors are low-maintenance, yet inexpensive and tough. Image: Amarr Garage Doors

If you’re like many homeowners, you cruise in and out of your garage without giving the space much thought. While your garage is low-maintenance, it’s not a no-maintenance part of your home. Here are five tips for preserving your home’s value by keeping your garage in top shape.

1. Keep your garage door running smoothly

Most newer garage doors come self-lubricated or with plastic parts that need no oil, according to builder Fred Cann, owner of JRS Solutions in Melville, N.Y. You’ll need to annually oil older doors with metal rollers, hinges, and tracks. “Use a leaf blower to blast all the grit, grime, dust, cobwebs, and dead bugs from the door’s parts,” advises Mark Secord, brand manager for PremierGarage in Mobile, Ala.

Occasionally check the rubber seal on the bottom of your garage door. It can harden or chip away from wear and tear, allowing the elements to seep under your door. Replacing the seal costs less than $100. Your door may be hitting the ground too forcefully and jarring all the parts, crushing the rubber seal, or allowing light to peek through at the bottom when the door is at rest. To correct those problems, says Secord, use a screwdriver to alter the travel limit adjustment located on the door opener’s control box.

Regularly test the garage door’s sensors to be sure they still prevent it from closing if something—like your child or pet—is in the way.

2. Clean your garage floor

Hose down your garage floor annually to prevent slip hazards, stains, and pockmarks caused by road salt and auto fluids, recommends Secord. You may notice hairline cracks in your concrete slab, but those are generally no cause for concern, says Paul Fisher, owner of Danley’s Garage World in Chicago.

If there’s a serious trip hazard because of concrete that’s crumbled or separated ¼-inch or more, take action. You can try a do-it-yourself patch with a $5 concrete mix from your local hardware store. But patched concrete often doesn’t adhere to the original slab, says Fisher, especially if a car regularly passes over the patched area. If necessary, ask a licensed concrete contractor for an estimate on replacing your slab, which typically costs about $5 per square foot.

Experts disagree on whether to treat a garage slab with a sealant. “Sealants don’t protect the slab at all; they’re just for aesthetics,” says Cann, who worked as an engineer for the city of New York for 10 years. “We had more problems after we sealed and painted garage slabs. The paint would chip, discolor, or become slippery. I’d leave concrete alone.”

Secord, however, sells garage floor sealants and says they protect the concrete, prevent discoloration, and are easier to clean than bare concrete. Do-it-yourself sealants for an average two-car garage cost about $800 to $1,200 and need reapplication every three to five years. One-time, professional applications cost $1,500 to $2,000, says Secord.

3. Monitor your garage walls and foundation

Inspect interior and exterior walls and the foundation twice a year for moisture and cracks. If you see discoloration or mold, moisture is seeping in from the roof or the walls. Call a building or roofing contractor for an inspection and repair estimates.

Wall and foundation cracks smaller than ¼-inch wide that aren’t causing water damage are typically harmless. “Anything larger than a hairline crack is something to be concerned about,” says Cann. “If one side of your ceiling appears a little lower than the other, the foundation or footing has settled.” That’s sometimes hard to evaluate with a visual inspection; if necessary, get out your level.

Structural concerns require an expert evaluation. Cann suggests hiring a structural engineer, who will charge $200 to $300 per hour but won’t hype potential problems to secure the repair work.

4. Clean interior doors and gutters

Once a year, clean and inspect the interior door. Make sure the door is properly weatherstripped and that the threshold seal fits snugly against the bottom of the door.

Most building codes require the door allowing entry to your home to be fire-rated and self-closing. If the door is damaged or the self-closing mechanism has failed, repair or replace it. You’ll pay $250 to $300 for a new fire-rated door, plus $25 to $75 for installation.

If your garage has gutters, clean them every spring and fall and inspect them for damage. While you’re at it, check your roof for damaged or missing shingles or tiles.

5. Watch for pest invasions

Insects like termites and carpenter ants can furtively damage your garage walls. Inspect dark, cool, and moist spots, especially where garage walls meet the foundation, for borings from carpenter ants or termites. “Termites digest the lumber, but carpenter ants tunnel it,” says Cann. “If you see trails of sawdust, it’s carpenter ants. If you see chewed wood, it’ll likely be termites.” Call in pest-control experts for an inspection and treatment.

G.M. Filisko is an attorney and award-winning writer who oversaw the renovation of her condo association’s five-space garage so a sixth space could be added—for her. A frequent contributor to many national publications including Bankrate.com, REALTOR® Magazine, and the American Bar Association Journal, she specializes in real estate, business, personal finance, and legal topics.

Reprinted from HouseLogic (www.houselogic.com ) with permission of the NATIONAL ASSOCIATION OF REALTORS®
Copyright 2010.  All rights reserved. 

MORTGAGE RATES FALL YET AGAIN

Saturday, September 4th, 2010

Mortgage rates have hit a new record low for the 10th time in 11 weeks as investors continue to turn to Treasury bonds as a safe haven; the shift in money is cutting yields, which mortgage rates tend to follow.

Freddie Mac reports that 30-year fixed loans averaged 4.32 percent, down from 4.36 percent a week ago; and the 15-year fixed rate fell to a new low of 3.83 percent, down from 3.86 percent.

Source: Chicago Sun-Times (09/03/10)

© Copyright 2010 Information Inc.

HOUSTON’S BOULEVARD OAKS – 1710 SOUTH BOULEVARD – JUST SOLD

Friday, September 3rd, 2010

Tom Plant, Greenwood King Properties, Represented the Seller

Situated on South Boulevard in West Edgemont of Boulevard Oaks, this is a classic 1928 (per HCAD) home with updates*. Light and bright, with an open floorplan, it is a perfect home for entertaining. A comfortable, affordable home in this much sought after location, it could also provide opportunities for expansion for those seeking a larger home. *=per seller

1710 SOUTH BOULEVARD                                                                                                                         JUST SOLD

LIST PRICE $1,600,000

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Tom D. Plant is a licensed real estate professional in the State of Texas

Greenwood King is a licensed real estate Broker in the State of Texas
3201 Kirby Drive, Houston, TX 77098
Phone: 713.942.6895 Fax: 713.521.6295
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