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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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How To Know The Value Of Your House

How To Know The Value Of Your House   If you are planning to sell your house, it is very crucial for you to know its exact value. Mainly, for you to know if it is worth selling. Depending on your reason of selling, you wouldn’t want to just present your house in the market if the value is just too low. Some people directly hire an expert to assess the value of the house. Some would hire people upgrade the house to increase the...

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Knowing more on FSBO or For Sale By Owners

Know more on FSBO: What to do and how it’s done? In the recent real estate market, people are already considering selling their property on FSBO or For Sale By Owners or selling a real estate property without the aid of an agent who is paid a specific percentage of the property’s price. Flat fee MLS (Multiple Listing Service) is still considered as part of FSBO since the real estate agent is paid for his or her service on an agreed...

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The Ultimate Secrets in Selling your House

10 Ultimate Secrets On How to Sell Your Home Ultimate Secret #10 Put a smart price on your house Know the current value of your house, then cut 15%-20% off that amount. Present it to the market. You will find yourself dealing with a lot of hopeful buyers trying to bid out each other for the property – they would go even higher than the actual worth of the house. This is a very effective strategy yet not all sellers would take the risk...

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Tips for Selling Your House

Guidelines and Tips for Selling Your House Even when Market is Down Getting ready to get rid of an old home for a new one? Moving out for a better job out of state? You don’t really have to worry about selling your house. You can ask help from a professional or an agent but you can also do it yourself. Either way, here are some tips for selling your house – it will be easier for you. Clean up ALL parts of the House It’s a given...

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Buying Your First Home

Buying Your First Home In the current market, properties don’t sell as much for prices have gone really low. This is bad and sad news for those who are into selling of properties. On the other hand, now is a great time to make those property purchase you have been thinking. To help you when you are buying your first home, here are some tips. • Be sure that buying a new house is a good deal for you Rents may not be cheap in your place...

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