Category: The Woodlands Villages

Woodlands Real Estate

Buying Real Estate

Buying real estate in The Woodlands is a highly important life long decision, as it is for most the single largest monetary investment that they will ever make. For this reason, when prospective buyers in begin looking at real estate in The Woodlands, it is absolutely essential that they get into contact with a real estate agency in order to assure that the home buying process runs smoothly and efficiently. With so many different real estate properties available for viewing in The Woodlands, it can be overwhelming for homebuyers to single out on their own the few that they feel they could be truly interested in purchasing. In order to narrow down the number of real estate properties that prospective buyers look at, real estate agents look to preferences in size, area and amenities. Having a real estate agent on your side to assist that you do not waste precious time looking at real estate properties in which you have no interest in is a blessing. If you yourself plan to look at properties in the near future, be sure to contact a real estate agency immediately so that they can begin putting the pieces together to find a home that fits each of your criteria. Finding a home of the right size, in the right area with the right amenities does not have to be an impossible task, that is, if you have a seasoned real estate agent in The Woodlands working on your side.

New Home in The Woodlands

When considering the size of your new home in The Woodlands, be sure to keep in mind not only your special preference but also the price tag that will be associated with that amount of square footage. Although a “bigger is better” philosophy may operate for some families, a family on a budget is best off considering a home that both fits their family size and fits their price range as well. Keep in mind the number of bedrooms that you would ideally like to have in your home. This is one of the easiest ways to narrow down the number of properties that you view, simply eliminating those that do not have enough, or have to many, bedrooms for your personal preference. Also, when looking through real estate listings, consider whether or not you will have sufficient space for storage in that home. No one wants to, upon move in day, realize that they will have to throw away their prized collection of action figures or their beloved accumulation of old Time magazines. Do not only do a head count when you are considering space, do a storage count as well.

Purchasing Real Estate

Many prospective real estate buyers in The Woodlands are also fairly set on what area they would like to purchase real estate in. Be sure to share this preference with your real estate agent in The Woodlands so that he or she does not expend effort on homes that are outside your ideal area. An important consideration about the area in which you purchase real estate is the length of the commute to work from that prospective area. Be sure that you are comfortable with the length of the commute between your new real estate’s area and your long-term employment. Also, be sure to take note of the conveniences surrounding the area in which you choose to purchase real estate. Do you need a grocery store near by so that you can make last minute runs? Or, are you the kind of person who plans ahead and makes only one trip a week? It is completely up to the individual homebuyer as to what kind of stores they feel they need access to in the immediate vicinity of their home.

Woodlands Real Estate

Also, be sure to take into consideration the neighborhood amenities that you would like to accompany your real estate purchase. Do you want to have access to a community center with a pool and gym? Or, are you a member of a private gym who would not really use these amenities? Once again, this is strictly a matter of preference. However, knowing what kind of community amenities you expect will greatly assist your real estate agent in locating a neighborhood in The Woodlands that is a good fit for you within the area that you previously specified. It is all about streamlining the process.

Real Estate The Woodlands Texas

The Woodlands Texas Real Estate Market

When navigating the real estate market in the Woodlands, Texas, homeowners can be puzzled by the bustling business and large number of real estate properties for sale in The Woodlands Texas. For this reason, any real estate specialist will suggest that a homebuyer immediately consult a real estate agency in The Woodlands Texas for consultation previous to the beginning of their property search. While pictures on real estate websites are helpful for beginning a home search, a real estate agent in The Woodlands Texas is necessary for a serious and thorough real estate shopping experience. Unfortunately, shopping for a new home is not as easy as going to the department store and picking out something you like in the correct size. The real estate market is a complex business sector that homebuyers need assistance understanding. In order to conduct a thorough search, not be deceived by web profiles and rest assured that you got the best deal on your real estate property, you need to consult a real estate agent before beginning your quest to find the home for you and your family.

What Homebuyers Are Looking For

Sometimes, homebuyers in The Woodlands Texas are unsure of exactly what kind of real estate property they are looking for. In this scenario, it is especially necessary that a real estate agent be guiding them through the home buying process. Maybe a couple thinks that they would really like an older home with a historic history, but they have never actually toured a home of that age before. A real estate agent would be able to show the couple the home and assure that they did not only see its beauty, but also knew of the financial risks that accompany the purchase of an older historic home. Also, sometimes there are listings that homebuyers would not have ever known about if it were not for their real estate agent. When making such a large investment, homebuyers want to know that they have considered all of the options possible. The only way to know that you have truly explored every option is to have an expert suggest homes that you may not have considered touring, but that fit perfectly with your home wish list.

Internet Photos

Looking at photos on the Internet of homes in The Woodlands Texas can be extremely misleading. Homebuyers need to physically tour the home before making such a large financial commitment, and a real estate agent is the perfect tour guide for any home. Do not let a set of flattering pictures of a home trick you into purchasing a home that will become a money pit for repairs. A real estate agent can take you through the home and give you honest opinions based on his or her expertise on real estate properties. It is always best to have an expert on your side to give you advice when you are unsure about an aspect of a home. This is where a real estate agent can be an invaluable resource.

Negotiating the Price

When negotiating the price on a home in The Woodlands Texas, it is also important that you have a real estate agent at your side. No one wants to regret the deal that they made for their real estate property. Real estate agents can help to assure you that you are receiving a deal that is reasonable for the home that you are purchasing in the exact condition that it is in. Real estate agents deal with offers and counter-offers on a daily basis, it is their job. Do not attempt to play a game in which you are unaware of the unwritten rules. Bring in a veteran player and let them consult you as to what the best deal for you will be. You will not regret it.

Buying a Home in The Woodlands Texas

Buying a home is an extremely puzzling experience for any homebuyer. Do not make the process any harder on yourself by going into your search without a real estate agent. While house hunting, it is essential that you have a real estate agent from The Woodlands, Texas in your corner.

Are Homeowners Glad They Own?

It might come as a surprise but a whopping 72 percent of surveyed homeowners nationwide are satisfied with owning a home. The other 28 percent, not so. They say they're dissatisfied and that's likely due to the devaluation of their homes.

But surprisingly, of those who were satisfied with owning a home, only 24 percent said it was because of home appreciation. The majority, 76 percent, had many other reasons they were happy to own their own home including the one that proves the American Dream is alive and well: pride of homeownership. Following closely behind were the freedom to control their home improvements and upgrades. All this according to HomeGain's 2012 National Home Ownership Satisfaction Survey.

Of those who were unsatisfied with owning their home, 63 percent blamed depreciation as the root of their dissatisfaction. However, the cost of owning a home, such as paying for property taxes, homeowner's association fees, upkeep, and routine repairs, also sucked the joy out of homeownership and led this group of 37 percent to be unhappy about homeownership.

On the bright side, most - three out of four - are very happy with homeownership even in spite of such rocky real estate times where declines in home values have crippled some homeowners severely.

The survey polled homeowners all across the country. So you might be wondering is there a connection between where you live and how satisfied you are with owning a home?

The highest percentage of satisfied homeowners comes from the Northeast where there is 77-percent satisfaction, according to HomeGain. Pulling in at a close second is the Southeast at 73 percent satisfaction. The West and Midwest were at 71 percent and 68 percent, respectively.

Those who purchased their homes within a timeframe of the past three to eight years were the least satisfied. If they bought more than eight years ago, they tended to be more satisfied.

The higher-end market was the least satisfied with owning a home, especially if they paid more than $800,000 for it. This group's dissatisfaction rate was 69 percent. But those who purchased homes for under $75,000 are cheering. This group's satisfaction rate was 77 percent.

Of course, a lot of homes are sold through foreclosure and short sale, which, depending on the side of the sale you're on, can leave you satisfied or very dissatisfied. Those purchasing a foreclosed or short sale had the highest satisfaction ratings; 79 percent and 83 percent, respectively.

New and existing homes didn't fare so well with homeowners. They were fairly dissatisfied and showed it in a 73 percent and 71 percent rating, respectively. Most seemed to have expected an increase in the value of their home and when depreciation hit, this highly disappointed them, making this the primary reason for their dissatisfaction.

An interesting statistic may reflect the need for freedom from being tied down to a home and its maintenance as well as other costs. Homeowners ranging from 18 to 25 were the least satisfied (45 percent) with owning.

On the other end of the spectrum, those homeowners between 55 to 65, were the most satisfied with their homeownership. This group's satisfaction rating was 76 percent.

HomeGain collected some comments from some of the surveyed homeowners. Here's how one satisfied homeowner summarizes homeownership, "Just knowing I own it. I rented a house two times after owning a home for 16 years, and I do NOT like relying on, and dealing with, a landlord! I also feel pride in owning my home. I just bought a house 8 months ago and am very happy!"

Published: January 27, 2012

by Phoebe Chongchua

Homeownership Possible Within Three Years After Foreclosure

by Robert Aldana
Losing your home can be devastating to your credit, not to mention your psyche, but you can buy again within as few as three years after a foreclosure or short sale.

It's not surprising when you lose your home you also lose some self-esteem, especially if your were raised in a culture that sees homeownership as a status symbol, as a sign that you've finally arrived.

Some lost self-esteem also comes from the belief you've lost your shot at the American Dream. Others will tell you seven to ten years must pass before you can buy again. At that time, uninformed people say, you'll have to buy at high interest rates.

That's not always true.

If you file for bankruptcy, and make the right credit and financial moves, you can buy a home again as soon as two years after your bankruptcy is discharged.

What's more, if you rebuild your credit and maintain a healthy, on-time credit profile, you can take advantage of low down payment and low interest rate loans. The Federal Housing Administration (FHA) allows you to buy a home with as little as 3.5 percent down and take advantage of some of the best interest rates on the market.

FHA loans literally replaced the subprime brand, but came with federal backing.

Also see: "U.S. to lower size of guaranteed mortgages"

You also may be eligible for first-time homebuyer programs that assist you with your down payment and closing costs. First-time homebuyer programs are not just for those who have never owned a home, but allow you to qualify if you have not owned a home in the past three years.

Some private lenders, home owners and investors also may allow you to buy a home even sooner than the two- to three-year period, but it will cost you a higher interest rate and require a large down payment.

With the housing market flat and many local markets still expected to see prices fall more, it is not a bad idea to spend the next several years cleaning up and re-establishing your credit. Good credit will allow you to buy a home with a minimal down payment and the lowest interest rates.

If you lost your home to foreclosure or a short sale, don't lose hope. Don't hesitate. Begin today putting yourself in a good position to buy.

Fix your credit

• Rebuild your credit by making your monthly debt payments on time. Don't ignore your remaining credit obligations during foreclosure or after losing your home. Your credit score gets a boost, in part, based on the number of positive accounts in your credit report. The more you have, within reason, the faster your credit score rises, even after losing a home.

• Pay down your credit cards but not to a zero balance. Your credit score gets a boost if you maintain a balance that is about 30 percent or lower than your credit limit. Keeping a balance reveals you can borrow money and pay it back on time. Don't close out your credit cards because the longer your positive credit history, the more your credit score and your ability to buy a home will improve.

Don't be pressured

• Buy only when you are ready. You didn't lose your credit overnight. Likewise, it will take time to rebuild your credit and save for a down payment. Home buying deals will be available for years to come.

• Avoid adjustable rate mortgages (ARMs) and consider a 15- or 30-year fixed rate mortgage (FRM) that is a fully amortized loan so your payment and interest rate are fixed for the duration of the loan. Full amortization means each payment helps pay down the principal. When your loan term ends, so does the loan balance.

• Buy based on what you can afford, rather than a higher amount approved by the lender. You already know the risk of biting off more than you can chew. Lenders will pre-approve you based on your gross monthly income, but that does not consider taxes subtracted from your paycheck, food, clothing, utilities and other monthly obligations.

Know your comfort zone. Don't over-extend yourself.

Jutta “Utah” Burden’s Market Update!

Jutta “Utah” Burden’s Market Update

Existing Home Sales Report

Existing-home sales increased in November and remained above the pace set last year, according to a recent report by the National Association of REALTORS (NAR). Existing-home sales, which include recently purchased single family, townhomes, condominiums, and co-ops were up 4 percent to a seasonally adjusted rate of 4.42 million units expected to sell in 2011. This represents a 12.2 percent increase over the pace set last year at this time.

Existing Home Sales By Region

Lawrence Yun, NAR chief economist, sees more buyers taking action. “Sales reached the highest mark in 10 months and are 34 percent above the cyclical low point in mid-2010 – a genuine sustained sales recovery appears to be developing,” he said. “We’ve seen healthy gains in contract activity, so it looks like more people are realizing the great opportunity that exists in today’s market for buyers with long-term plans.”

Total housing inventory fell 5.8 percent in November to 2.58 million existing homes available for sale, representing an 7 month supply of homes at today’s current sales pace. Inventories have been gradually shrinking from their record levels of 4.04 million set in July 2007.

Another Mortgage Rate Decrease

Freddie Mac reported that mortgage rates fell to new record lows in November 2011. The average commitment rate for a 30-year fixed-rate mortgage dropped to 3.99 percent, down from 4.07 percent from October, and 4.30 percent offered one year ago. NAR president Moe Veissi explains that housing affordability has hit a new high. “With record low mortgage interest rates and bargain home prices, NAR’s housing affordability index shows that a median-income family can easily afford a median-priced home,” he said.

Contact us for our preferred list of local mortgage planners and take advantage of today’s low interest rates!

Five Winter Staging Tips

When selling your home in the winter, the art of staging the inside becomes more important.  Here are five simple tips that can help you sell your home shine even when the outside landscaping has faded:

  • Keep your house warm.  In the winter people tend to turn the thermostat down to save money, however a warmer house is more welcoming to a potential buyer.
  • Clear your walkways and driveways of any snow or ice.  Make it easy for buyers to get to your home.
  • Clean the windows and blinds.  Letting in the natural light can brighten up a room and cheer up the home.  This also brings attention to the windows and blinds so make sure they are clean even during winter.  Dirty windows will make the home seem as those it’s not well maintained.
  • Background music played softly can completely change the atmosphere making the home seem cozy and keep potential buyers around longer.  Stick with classical music which can appeal to anyone.
  • Leave the light on.  Before showing a home, make sure it’s well lit.  A well lit home is more inviting.  If you’re not home, consider setting up timers.

Following these simple tips can give your house that added boost in today’s competitive market. For information on selling in our local market, please feel free to call and ask for a computer analysis of our recent market activity. We would be more than happy answer any questions you might have!

Enchantment of The Woodlands Market Street

Enchantment of the Woodlands market street

The setting of all the modern cities is more or less as most of these cities are developed according to a plan and that is why it is always possible to find every part of these cities well managed and well organized. There is no doubt that the market and business establishments get enough attention in these cities as these market places work as the hearts of the city life.  All these cities are planned with special attention towards the placement of the market places. The city of Woodlands in Texas in the United States of America is another example of great planning that is proving to be boon for the proper development of the city. As per the noted facts, most of these developed cities from all over the world have well developed market places that are known for their extraordinary facilities and services.

The Woodlands market Street is an example of great planning of township. This street is the life line of the city as it plays a very important role in the life of every native of this city. If you ever visit to this city of Woodlands, then you must not forget to visit the Woodlands market street which is indeed the most attractive place in the entire city of Woodlands. This city street has separate areas for different types of business establishments. It is an important principle of modern planning of any city. Due to this well managed planning, it becomes easier for the people to find out the things that they are looking for as they are only required to know which area of the city market they are supposed to appear.

The Woodlands market street is wide and smooth and that helps ion the smooth flow of traffic on this extraordinary street.  The activity of the traffic authorities can be noticed all through this market street. These authorities work relentlessly and selflessly to make the most important street of the city to make it free from any traffic trouble. The flow of traffic remains closed during a certain part of the day as the business activities remain on the height during this part of the day. The Woodlands market street is probably the best example of well organized city life. This market street is like an important place of visit for the people who come to Woodlands on a personal or business trip set at the side walk cafe and visit with friends !! The Best Place to  call HOME

 

Investing in Real Estate

Lawrence Yun, NAR chief economist, understands the ebb and flow. “Affordability conditions this year have been the most favorable on record dating back to 1970, but many buyers are being held back because banks are offering financing to only the most highly qualified borrowers, ignoring a large share of otherwise creditworthy buyers,” he said. “Those potential buyers represent the difference between an uneven recovery and a much more robust housing market that could stimulate additional economic activity and create jobs.”

Housing inventory dropped 1.7 percent to 3.65 million existing homes available, representing a 9.4-month supply at today’s current rate of sale.

Investing in Real Estate

Today’s low interest rates and stabilized home prices have created some great investment opportunities!  Investing in real estate has unique advantages over other types of investments:

  • Interest in mortgage loans are tax-deductable.  Investors can lower their tax liability while increasing their equity.
  • Renters pay down your mortgage loan.  Investors reap the benefits of rental income, which offsets your mortgage cost and build equity.
  • Real Estate values increase over the long term.  Real Estate is limited and will always be in demand. 
  • 1031 exchanges are available to defer taxable income when you are ready to sell.

Many investors are taking advantage of these great market conditions. Have questions? Give us a call. We are happy to help!

Home Warranties

New Homes come with warranties to protect the buyer in case of the unexpected.  But what about existing homes?  Fortunately, there are a number of companies today who offer warranties on existing homes.  Sellers can now offer their buyers a level of assurance that was previously reserved for new construction, and buyers can buy with confidence!

If you are in the market to buy or sell, ask us about the advantages of a home warranty.  You might be surprised at how much protection is offered for a very reasonable fee.

 

Should You Buy a Home for Sale in the Woodlands?

Should You Buy a Home for Sale in the Woodlands? 

Are you ready to invest in a new home, but don’t know whether you should build a house or buy a home for sale in the Woodlands? Well, it really isn’t surprising if you can’t make up your mind right now. After all, the economy has taken a turn for the worse within the last few years, with unpaid mortgage payments, foreclosed properties and lenders being forced into foreclosure left and right. 

However, it is now high time for you to consider buying a home for sale in the Woodlands. Since buying a home is a serious matter, though, you will still need to weigh the advantages and disadvantages first. Remember: you shouldn’t invest your money on anything unless you are 100% sure it is actually worth it. 

If you need help making up your mind or choosing the perfect home for sale in the Woodlands for you, then you can simply get some advice from a professional. A lot of lenders and real estate agents will be happy to help you make your decision on this. If you’d prefer, you can also do some research on your own instead. Just go online and look for trends in the residential real estate, or look for any available foreclosed lots or properties in the area. You can also look for articles about building a new house and about houses for sale in the Woodlands, in general. 

If you end up deciding to buy a home, make sure you bring a knowledgeable sales agent with you to inspect the houses that you like before making your decision and signing any documents. Also, make sure you only keep track of up to five houses at a time. If you look at more than that, then you will just have a harder time deciding which one to buy and live in. 

Aside from that, you should also keep an eye out for things in the houses that you might need to repair later on. If you’re lucky, you might get to haggle with the owner, or at least pinpoint something in your buying agreement that will get you a better deal in the end. 

Regardless of whether you choose to build a house or buy a home for sale in the Woodlands, you need to remember that houses will always come with imperfections, though. So, no matter where you choose to live, just be glad that you have your family with you, and you will always have a happy home.

Why is it Best to Buy and Sell Homes in Spring?

Why is it Best to Buy and Sell Homes in Spring?

A lot of people are unaware that there are good seasons to buy and sell homes in. Spring happens to be the best of them as it is the season of change and warm weather. Believe it – people tend to buy or sell homes in spring the most due to various reasons.

For one, people have a lot of more time to waste during the spring months compared to other busier seasons. Plus, the weather tends to be warmer, making it more convenient to move around in search of homes. Buyers would also prefer to move during spring break before school starts up again and this is probably one of the bigger reasons why families move to new homes in spring.

The weather aside, people usually get tax returns in the spring, as well, making home down payments much easier to deal with compared to other months. In fact, house sales in general remain steady in the spring and drop during the busier months of the year.

If you are a buyer, you are sure to have a much wider variety to choose from during the spring, though the competition will be much higher, as well. This conversely translates to sellers keeping to their original asking prices compared to the months where the market isn’t in such high demand. Additionally, if you want to find a mortgage, you will probably find much better deals if you apply in the off-peak seasons, too.

During off-peak seasons, sellers will more likely negotiate when it comes to price because not a lot of offers will be present then. So, although your choices of homes might not be huge, they still won’t be completely limited. A lot of homes will still be for sale this season.

As an extra tip: if you have plans of buying a brand new home and selling your home, you need to make sure you sell yours as early as possible, so you can alleviate some stress from selling your house because of financial pressure and time constraints. After all, you will now want to pay for two mortgages at the same time, right?

Now, the greatest season to buy and sell homes might still be relative to personal circumstances and preferences, though. So find out what would work best for you first, so you can put the seasons to your advantage and look into homes in spring if it caters to your needs.

The Value of a Competitive Market Analysis

The Value of a Competitive Market Analysis

As we enter the Spring housing market, sellers have a tremendous opportunity to reach a wide audience of potential buyers.

It is important that sellers consult with a knowledgeable professional at the start of the spring market. Each buyer is looking for a home with the best combination of price, location, condition, and amenities. Ask your agent to compile a new CMA with the most recent market statistics available. Pay special attention to pending and closed sales in the last 60-90 days, and review market trends for homes in your price range and area. Statistics tell us that pricing your home competitively from the beginning will lead to a faster sale, and net you more money in the long run.