Real Estate Financing

There are currently 47 blog entries related to this category.

     

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

552 Views, 0 Comments.


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

686 Views, 0 Comments.

 

 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

323 Views, 0 Comments.


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

483 Views, 0 Comments.

 

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

1,105 Views, 1 Comments.

 

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,

667 Views, 3 Comments.

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

813 Views, 0 Comments.

 

 

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.

 

  

Hopefully when we’ve met for the first time, we have also been able to chat enough that I have an idea of the types of property my customer is looking for.  If so, then I will have scheduled 2-3 properties for us to go see that I have found fitting for the customer’s criteria. 

Before we leave to see those properties, I will go over the Buyer/Tenant

771 Views, 2 Comments.

  Nestled in the Gardens at Castlegate, this incredible 3 bed/2.5 luxury residence offers a dream. With a spacious family living area complete with textured details, this residence is built for entertaining. The master chef kitchen includes Viking appliances, a top of the line cappucino machine, granite counters, and wood ceiling finishes. This home is painted by a local artist; therefore, the customization is truly remarkable and unique. Natural stone flooring and hardwood floors create an open floor plan that flows from room to room. The master suite is a wonderful retreat, complete with double granite vanities, a large garden tub and a stand up shower. The outdoor living space offers beautiful stone walkways, a dining area…
503 Views, 0 Comments.


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.


I have asked Jordan Monroe, of Legacy Mutual Mortgage, to help answer some common questions associated with lending.  If you have other questions, or are interested in beginning the lending process, give him a call and tell him I sent ya! 

First off, why don’t you tell our readers a little about you and what you do?

I’m a Loan Officer at Legacy Mutual Mortgage. My

646 Views, 2 Comments.