Real Estate Financing

There are currently 50 blog entries related to this category.

  It's the beginning of the new year, and many of you have set the goal of buying a home this year! One of the first things people wonder when considering purchasing a home, is "how much cash do I need?" Today on the blog, I'll be taking you through the different down payment options that you'll have to choose from, which will hopefully prepare you for the financial obligations of your home purchase goals!    The main types of loans you'll see when purchasing your home are Conventional loans, FHA (or Federal Housing Administration) loans, VA (Veteran's Affairs) loans.  and USDA (United States Department of Agriculture) loans. Each loan program has different requirements and with those requirements, usually different…
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As we begin another year, everyone wants to know: “Where is the housing market headed in 2019?”

It’s not only buyers, sellers, and homeowners who are impacted. The real estate market plays an integral role in the overall U.S. economy.  Fortunately, key indicators point toward a stable housing market in 2019 with signs of modest growth. However, shifting conditions could impact you if you plan to buy, sell, or refinance this year.

HOME VALUES WILL INCREASE

A continual rise in real estate value is where our market’s headed. Freddie Mac predicts housing prices will increase by 4.3 percent in 2019.1  While the rapid price appreciation we witnessed earlier in the decade has slowed, several factors continue to push prices

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1725 Harvey Mitchell Pkwy S, Unit 1912

College Station, TX 77840


Fully leased 3 bedroom, 3 bathroom condo in the Woodlands of College Station


Well maintained, freshly painted, FULLY LEASED $1695 INVESTMENT PROPERTY, 3 bedrooms & 3 full Baths. Huge bedrooms+individual bathrooms. The breakfast area provides for an eat-in kitchen that opens to the oversized living room area – great space for entertaining. You must see this one! This location when comparing to others in this community is top notch! Across the street from the newly updated club house & steps from the community shuttle that drops off at the Aggie Bus Stop. The amenities – resort style community pool with sun deck, fitness center with weight room,

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Neighborhoods in College Station, like Alexandria, have shown a consistent trend in their average sale price – they have appreciated, meaning their values have risen over the last 5 years.  As a seller, you could have more than 40% equity in your home if you purchased your home in 2012 or earlier AND originally had a down payment of 20%… that’s huge!  Also, those values don’t include the mortgage payments you’ve been making every month.  How great is that?!

 

There are many uses for a seller’s home equity, one of the major ones being leverage for their next purchase.  For example, if you have been looking to “upgrade” or buy something more fitting for your family, you could sell your current home and use

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College Station is home to Pebble Creek Country Club. Celebrating it’s 25th Anniversary this year, Pebble Creek offers many activities for those wanting to be a member whether you live in the neighborhood or outside the Brazos Valley. The club offers several different memberships to choose from. There are full memberships, social memberships, and non-resident memberships for those who live 35 miles or more from the club. With new renovations being made to the pool this year and with all of the amenities Pebble Creek has to offer, why wouldn’t you want to become a member?  


There is an energetic scene at Pebble Creek. Whether it’s member socials, live music happy hours, parties, or just cocktails and drinks on Friday

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 In summary, our market in Bryan-College Station is continuing to grow and blossom!  It's getting hot, as it always does this time of year & March was no different.  

 

The majority of our home prices are under $299,999, with a median price at $214,500.  This average price is evidence of further appreciation, up 9.2% compared to March of last year.  As in previous years, we are very much in a seller's market - inventory is an indicator to determine this.  Months of inventory is how long homes would last on the market if no more listings were added and the rate homes sell based on the last 12 months as an average.  Compared to this time last year, our months of inventory is up 23% at 3.2 months, which is evidenced by

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Considering buying a home? Consider your budget.


In this blog series we have been talking about the items in your timeline to purchase a home. The last post we talked about reviewing your credit report and what that score might mean for you when you are working to purchase a home. Hopefully you’ve had time to look at your credit report and if you found items you wanted to improve or needed to correct you have started to work on them. In this blog post we are going to talk about some of the costs you will want to think about before you head out to look at houses.


After you have reviewed your credit report and are content with the score you will want to speak with your lender. Your lender will be able to tell you

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Welcome back to Home Buying 101 – Throughout this series I will be detailing the various parts of the transaction process for purchasing a single-family home.  My goal is to answer the many questions looming around purchasing, especially for first-time home buyers. If you are just beginning, I recommend starting with Part One: Understanding Equity.

 

 

At this point we have submitted an offer on the house you & your family love, and God willing it is accepted.  YAY! While this is one of the most exciting parts of the process, it does not mean my work is over.  In truth, my work has really just begun!

Over the next 45-60 days while we are Under Contract, some of the various terms can get confusing.  I thought

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Welcome back to Home Buying 101 – Throughout this series I will be detailing the various parts of the transaction process for purchasing a single family home.  My goal is to answer the many questions looming around purchasing, especially for first-time home buyers. If you are just beginning, I recommend starting with Part One: Understanding Equity.

 

 

At this point we've seen houses and whether it's the first or the tenth you have found the one... so we make an offer!  Together we will review the comparison properties to determine what a fair sale price is.  Things to consider when looking at surrounding properties are the number of bedrooms & bathrooms, lot/yard size, price per square foot, if there's a pool,

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Are you considering buying a home? In a month? In six months? Ever? In my last blog post: "Consider your timeline" we talked about the timeline for the home purchase process. The first thing you should do is check your credit report (if you haven’t already). Most of us will have to work with a lender for at least one home purchase in our lifetime and when we do we should be aware of what our credit score is and how it can help or hurt our efforts to purchase the home we want. There are several credit reporting agencies that lenders use: Equifax, Transunion and Experian. You can pull your credit report from each of these agencies once per year for FREE - and you really should.

"How does my credit score affect my ability to

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