Tagged : Home Purchase

There are currently 13 blog entries matching this tag.



 A common question sellers ask when I’m touring their house during the home evaluation is “Why should I choose you?”.  It’s a fair question, and arguably the most important question they should ask when we’re meeting.  So why should a seller choose me?  Well let’s take a look:

-       Heavy social media presence – Between my own online profiles and those of TM5 Properties, we have a reach of more than 6,300 followers.  That’s more than any others in town!  So when I market your home, I’m not just posting the listing to a couple other websites, I’m also immediately communicating with a huge pool of potential buyers.

-       Back to back Aggie 100 recipient – This prestigious reward is given to the top 100 fastest growing Aggie-owned companies

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Considering Buying a Home? Contract to Close!


 

So you’ve done all of the preparation work, you’ve checked out some amazing homes with your Realtor and you’re ready to make an offer! Your Realtor will help guide you through your offer and any negotiations that may be needed to get your offer accepted. Many people think that this means they own a house ~ not so fast. Once your offer is accepted you begin your contract period, it will still be about a month, or possibly more, before that home becomes yours.

 

The first phase of your contract period is called the Option period. This is the time frame where you have the home and property inspected. Licensed professionals will be hired to come and look at the structure, the roof, the

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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 the net profits as a down

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In a previous blog post, we talked about equity, which is the difference between the current market value of your property and the amount of money owed on the same property.  Homes in College Station had an average sales price of just over $160,000 in 2012.  Last year’s average sales price was just under $220,000.  If you had purchased your house in 2012 or earlier, that means you could have at least 30% equity in your home… that’s enough for a down payment on your next purchase!

 

Our market is cyclical and has truly heated up & taken off, there isn’t a better time to sell in Bryan/College Station!  Maybe you’ve been thinking about upsizing for your growing family?  Or your family has grown up and you have too much house?  There’s a lot of

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As we move further into 2017, projections of our Bryan-College Station market continue to show a rising trend.  If you bought your home in 2009, you could have at least 30% equity in your home!  That’s more than enough for a full down payment on your next purchase – you can read more about affecting your equity in this post.   

 

Not only are our market values increasing, we are also in the hottest part of our year!  If you’ve been on the fence about selling your home, I can answer any questions that are holding you back.  We have buyers that are ready & approved to purchase but not enough properties to meet that demand. 

 

Why choose me and TM5 Properties to list your home?  For starters, we are the #1 independent residential real

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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 it would be best to go

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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, garage size, total number

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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.

 

  

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 Representation Agreement. 

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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.


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 experience in both

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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.

 

 

Previously I detailed what a REALTOR® is.  Keeping all of that information in mind, I like to meet with customers when they are within the 6 month range of moving into their new house for several reasons.  The first of which is to put faces to name – I like knowing who I’m working with and from experience, buyers do, too.  When we schedule our sit-down, I will ask several questions that

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