If I Would Have Bought Back Then in the Houston Area

Dad Said It…

“I Remember when I could have bought a home in Houston, Texas, right there on that exact corner!  If I would only have done it then I would be better off now!”  That is the message that I hear often from my dad when I was growing up.  Now it seems as if I will hear the same type of comment very soon from people all around the Greater Houston, Texas, area.  Maybe you are wondering why I would say that.

The simple reason is this: In talking with many clients about making an offer on a property, they do not want to get off of the fence and actually buy the home.   They do like the home and would like for it to be their new home address.  They could and do qualify for a loan!  So, what is keeping them from taking the step to move forward and actually sign the offer? Are there steps of the buying process that need clarifying?  Exactly what is causing the delay?

Despite the fact that many homes are being offered at a phenomenally, historically, all time low prices- plus the fact that there are incredibly low financing rates available, some clients still want to “hold out” for a better deal.  After all, it surely must be just around the corner. There are a lot of homes on the market to choose from at this time and I want the best for the lowest price possible.  Have I hear you?  I think so and I do not blame you for one minute.  I, too, want great deals.   

What is Wrong With That Thinking

Let’s use an old saying or two to help answer the question.  “A watch pot never boils!”   “You snooze you loose!” The same is true for real estate in today market.  It is a better financial deal for you to be in the home of your dreams with the current interest rate,even if they dip down a fraction more than the present level, than to have remained on the fence during this remarkable time and watch home prices and home loan rates drift higher.  Inevitably,home prices will rise and rates will go up and you as a client will have missed the opportunity of a lifetime.  Will you be the next one to learn from my dad’s ringing comment?  “I remember when…and I wish I would have…”? Keep that from happening to you and your family.  You can then say to your children, “I am glad that I bought my home in the Greater Houston, Texas, Area when I did!”  Go ahead and “Seal Your Real Estate Deal With A Smile.  Call Kay!  

A Look At The Overall Houston Single Family Home Market

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Myths can keep you from securing Home Ownership in Clear Lake and League City, Texas. Overcome the myths and be on your way to your new dream home!

Myths about Mortgages:

Mortgage Myth #1:  I had some debt when I was young and I ruined my credit.  I’ll never get a mortgage.

• You don’t know what your credit history shows until you look.  And if you do have blemished from the past, lenders will show you how to improve your credit and restore good credit practices on your part.

Mortgage Myth #2:  I heard that you need to put 25% down to buy a home.  But my friend says that you can get a mortgage with no down-payment at all!

• Both scenarios are uncommon.  Although there are a variety of financing programs available, most require you to put at least 3.5-10% down, but rarely would you need 25%.

   Myths about Agents

Agent Myth #1: If I have several agents looking for homes on my behalf, I’ll find a house more quickly.

• Like most relationships, this one thrives on communication, loyalty and trust.  By working exclusively with one agent you will improve both the process and the results.

Agent Myth#2:  If I want an agent to represent me as a buyer, I’ll have to pay them myself.

• Buyer representation means that the REALTOR you select works with your best interest in mind.  In most cases, however, they receive a portion of the commission paid by he seller.

Myths about Buying:

Buying Myth #1:  I should find a new home first before I sell the one I now own.

• If you find a buyer for your home first, you’ll have more negotiating power in both the sale of your current home and the purchase of a new one. 

Buying Myth #2:  I just made an offer on a house I love.  But so did several other people.  I’m worried that someone else will out bid me and get it.

• Different sellers are motivated by different things.  In addition to price, a seller will look at the other terms of the offer–contingencies, closing date, required repairs, etc.  Many times a “clean” offer from a pre-approved buyer will be more attractive, even if the price is slightly lower.