Houston house buyers And What We Look For

Buying a home in Houston

As Houston house buyers, there are a few things that we look at to make sure we are making a sound purchase. If you’re curious about whether or not we would be interested in your home, here are the things we look for. Of course, you can get in touch with us for more details on your particular situation.

A home has to not just be a fixer upper if you want us to pay a good price for it. When we look at a home before we buy it, we inspect everything from the plumbing to the heating and air systems. If there are a lot of problems then we’re going to add up what they would cost to fix and subtract that amount from what we would pay. That way, if we do buy it we are able to use that money to fix up the home so we can make it sellable.

Amenities in a beautiful Sugar land homeA house that has extra amenities like a pool will add value to it as long as those things are in good shape. You should also consider fixing up the outside of your home if you want to sell it because curb appeal actually has a big bearing on the price. For instance, if the grass is all dead and there isn’t much going on in the way of plants, people are going to think that the inside is in bad shape even if it isn’t. Since it’s not too expensive to fix up a yard, make sure that you do so before trying to sell to us.

Be prepared to negotiate, because most of the time people want to work with us on a better price. We’ll probably go a little more or offer a little less depending on what you want to have us pay. If we don’t agree on a price, don’t worry because chances are we can either keep working until we do agree on something or you can sell to someone else. We just have to make sure that we are going to make enough money on the home when we sell it later to repay us for what we spent on it and our time.Negotiating a home price in the Bayou City

As the premier home buyers in Houston, we are presented with many options and opportunities to purchase homes. It’s just a matter of them being in good shape and meeting the conditions you learned about here. When you’re ready to sell your home, contact us and we can make it happen!


Real Estate Knowledge Online

There are key differences in residential and commercial direct real estate investments. On one hand, residential real estate is usually less expensive and smaller than commercial real estate, and so it is more affordable for the small investor. Many thrifty small investors of modest means have increased their and their family’s fortunes by buying rental property over decades.

On the other hand, commercial real estate is often more valuable per square foot, and its leases are longer than for residential rental properties. With greater revenue comes greater inheritedPropertyresponsibility, however; commercial rental real estate is more heavily regulated than residential real estate, and these regulations can be different not only from country to country and state by state, but also different in each county and city. Even within cities, zoning regulations add a layer of unwanted complexity to commercial real estate investments.

There is also increased risk of tenant turnover in commercial rental agreements. If the lessee’s business model is bad, their product is unattractive, or they are simply poor managers, bankruptcy can leave expensive real estate from generating revenue unexpectedly. Moreover, just as land can appreciate in value, it can also depreciate. A formerly hot retail locations have been known to decay into rotten shopping centers and dead malls.

Real estate is a special instance of real property, which real estate is including land and buildings with the rights of use and enjoyment that come with the land and its improvements.

Get The Most Out Of The Credit Score

You can get a decent mortgage rate with a decent credit score but you can get a great mortgage rate with a great credit score. Studies show that people with the best credit scores—roughly 720 and above—can get a mortgage rate three-quarters of a point lower than those with scores in the mid-600. To hit the sweet spot with your credit score, keep your loan balances low.

Look Around

Homebuyers, especially first-time homebuyers, are apt to take the first mortgage deal they can get (probably because they found their “dream house” and don’t want to wait to find a better deal). However, shopping around can make all the difference in the world. If you know where to look, by typing in a zip code you can come up with about half a dozen lenders in an area that offered interest rates at or below the 5.19% levels.

It was easy, accurate, and will take you only 30 seconds.House-money-leverage-png

Look At Favorable Rates

You only have about 48 hours to find a good mortgage rate, contract the lender and lock in that rate. The lender will “pre-qualify” you, meaning they’ll rubber-stamp an interest rate approval, but won’t lend you the money until you’ve been more thoroughly vetted or pre-approved. Make sure you lock in your interest rate on paper. Have a talk and demand that of the lender.

Ask that the rate is good for a fixed time period, say 30 to 60 days. That will give you enough time to find a great house. Better yet, ask your lender for a “float down” agreement, meaning that if your locked-in rate falls during that 30 or 60 days, you’ll get the lower rate.