Real Estate and Events in Katy TX and Surrounding Communities

Posts tagged ‘Own a Home’

Step-by-Step Guide to Buying a Home

 “Home buying knowledge before you start shopping is powerful. You will find that being an informed individual about the home buying process is empowering for you. Lucky for you that you came to the right place. So let’s get started buying your first home! ”

Before Buying a Home, Get Your Finances In Order

Line up your financing, set aside a down payment and study the loan programs available. By doing your homework, you will know exactly how much you can pay and what it will cost you.

By Elizabeth Weintraub, About.com Guide

via  HOUSTON – KATY AREA REAL ESTATE BLOG.

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10 First-Time Homebuyer Mistakes – MSN Money

 This is good advice for the first-time homebuyer, and it is a good review for seasoned buyers.

“A house is probably the biggest purchase you’ll ever make. And, if you can avoid these missteps, chances are you’ll be happy with the home you choose. Are you gearing up to buy your first place? Shopping for a home is exciting, exhausting and a little scary, especially in this market. In the end, your aim is to end up with a home you love at a price you can afford. Sounds simple enough, right? Unfortunately, many people make mistakes that prevent them from achieving that simple dream. Arm yourself with these tips to get the most out of your purchase and avoid making 10 of the most costly mistakes that could put a hold on that sold sign.

1. Not knowing what you can afford.

We learned from the subprime mortgage mess, what the bank says you can afford and what you know you can afford or are comfortable with paying are not necessarily the same. .”

via HOUSTON – KATY AREA REAL ESTATE BLOG.

4 Steps to Minimize the Risk of Owning a Home

Tara-Nicholle Nelson, a Broker in San Francisco, is one of my favorite real estate/mortgage bloggers. Here is what her article in Trulia.com has to say about minimizing the risk in home ownership.

“Not so long ago, in a not-so-distant land, owning a home was thought of as the safest ‘investment’ around. Fast forward to the present day, and home ownership seems super scary to many people who can afford homes, and would like to own them, but are paralyzed by the fear of buying a lemon, or having a mortgage catastrophe.

Here are 4 simple steps to minimize the risk that you’ll become the main character in a homeownership horror story.

1. Stick with a fixed-rate mortgage. Recent data shows that adjustable rate mortgages, or ARMs, are increasingly popular, rising from 9 percent of the mortgage market in the fourth quarter of 2010 to 12 percent in the first quarter of this year. This might seem crazy to some, but in financially aggressive crowds, the lure of low, 3 percent#ish# interest rates on ARMs is enough to overcome any qualms. As well, today’s ARMs tend to have lower lifetime interest rate caps and require payment of principal, so they don’t adjust as violently as the subprime interest-only and option ARMs that contributed to the foreclosure crisis.”

Continue: 4 Steps to Minimize the Risk of Owning a Home: 

via Katy Real Estate and Events Blog.

Housing Market Predictions 2011: Home Prices May Still Be Too High

Housing Market Predictions 2011: Home Prices May Still Be Too High “by Ilyce R. Glink

What’s the forecast for the housing market for the rest of 2011? My prediction is that the market will continue to suffer for the balance of this year and well into next year. Why aren’t home buyers buying? Maybe they’ve heard the recent spate of bad housing news:”

Real Estate Market Conditions – Video Update 05/30/11

Besides the real estate outlook, check out this week’s updates about tornado relief, top towns for single moms and creative ways to curb spending – and the Q&A section.

Real Estate Market Conditions – Video Update 05/30/11

National News
– Real Estate Outlook – Existing Home Sales Fall
– Mortgage Moment
– City Report: Tornado Relief
– Top Towns for Single Moms
– Creative Ways to Curb Spending
Mortgage Advice
Q&A
– Are you Ready to Buy?
– Kitchen Trends for 2011
– Home Inspections 101
– Popular Landscaping Trends
– Modern vs. Contemporary
Get Your Home Sold!

GORGEOUS 1.5 STORY OPEN HOUSE TODAY IN CINCO RANCH WEST, KATY MUST-SEE!

Absolutely gorgeous day for a ride out to Cinco Ranch West in Katy. Don\’t miss this beautiful, model-like home. Perfect for a family with school-aged children, a retired couple, or a family looking to downsize. Great location and wonderful neighborhood.

SUNDAY, MAY 15, 2011 – OPEN HOUSE TODAY FROM 1:00 TO 3:00

4506 TREMONT GLEN LN IN CINCO RANCH WEST, KATY TX

$279,000 (Below Market Value)

1.5 Story, 4 bedroom, 4 full baths, 3-car garageRoof replaced 2008Lovely extended stone patio

If you cannot make it out to Katy today, I would be gladto show this home to you at your convenience.Margaret

Real Estate Market Conditions – Video Update 05-10-2011

Here is this week’s market conditions update:

via Katy and Houston Area News and Events: Real Estate Market Conditions – Video Update 05-10-2011.

NATIONAL NEWS

– Real Estate Outlook: Bernanke on Housing

– Mortgage Moment

– City Report: Remodeling is Heating Up

– Are You Ready to Buy?

– Kitchen Trends for 2011

MORTGAGE ADVICE

Q&A

– Home Inspections 101

– Popular Landscaping Trends

– Modern vs. Contemporary

– Green Living – Low-Impact Homes

– Your Market Conditions

GET YOUR HOME SOLD!”

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