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Zillow Ignored The Two Most Important Rules In House Flipping

Zillow showed the world how to create a multi-million dollar “train wreck” in the real estate industry. They forgot about the human element – experience and judgment. First they paid too much for the houses they purchased and then they spent too much on repair and renovation. It is a sure-fire formula for losing money in the real estate business. It was a spectacular “train wreck”. An explosion of...

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Houston First-Time Home Buyers Hit With Both Increasing Mortgage Rates And Home Prices

Pent-up demand for housing is being frustrated with low inventories of homes for sale, high home prices, and soaring mortgage rates. New home buyers see housing as increasingly unaffordable. Mortgage rates have literally exploded across the country in the past 6 months according to Houston Home Buyers, a home buyers company based in the Houston metro area. There have been mortgage rate increases in the past but nothing of this...

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Houston Home Prices And Rental Rates In 2022

Housing supply in the Houston area is limited and demand keeps increasing with population increases. It is classic economics and expect double digit rent increases in the coming years. Long term real estate investors and experts are seeing first time Houston home buyers being unable to afford median priced homes. Houston renters have been squeezed with price hikes over the past few years. And many of the potential house buyers are...

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Tiny Homes in Houston and Texas

Tiny homes in Houston and Texas are gaining traction in the real estate market and proving themselves to be more than a passing fad. They are legitimate houses that offer some interesting innovations, such as using solar panels to eliminate electric bills. Tiny houses are considered to be part of a “small house movement” that implies a return to a more simple and sustainable life style. The most accepted definition for a...

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Reducing Mortgage Cost

Reducing Expensive and Excessive Mortgage Cost Have you seriously checked the amount you’re paying on your mortgage? You might want to double check it and see if you are not paying for fees you do NOT have to pay. First review your type of loan. Check if you are paying for PMI or private mortgage insurance. On some type of loans, PMI is to be collected if you did not pay a 20% down payment on your home. This is explained on the...

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Gearing Up When Selling your house

Gearing up for a House Sale Selling your house is not an easy decision. It may be for monetary reason, a new job or simply the need to move into a different neighborhood. Either way letting go of a house that was a great home is not easy. But since you have to, better find you’re a house a new owner that would have their own memories in it. Preparing your house is a lot of job. Some people hire professionals do it but it is costly....

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