"Dot" Spot on Properties!
Current Member (2016) of Houston Independent Real Estate Brokers Association (HIREBA)
CURRENT MARKET CONDITIONS
HOUSTON — (October 11, 2017) — Battered by Hurricane Harvey during the final week of August, the Houston real estate market demonstrated its 'Houston Strong' resiliency during the four weeks that followed with a rebound in home sales and the strongest rental activity of all time. According to the latest monthly report produced by the Houston Association of Realtors (HAR), single-family home sales climbed 4.2 percent compared to last September, coming back from a nearly 24 percent plunge in August. All segments of the housing market enjoyed gains except for homes priced below $150,000, with the greatest sales volume reported among homes in the $500,000 to $750,000 range. On a year-to-date basis, home sales remain 2.3 percent ahead of the 2016 volume despite Harvey's rampage. As expected, property flooding and continued consumer demand for homes lowered inventory levels. While housing inventory grew from a 3.9-months supply to 4.1 months year-over-year, it was down compared to the 4.4-months supply immediately preceding Harvey's arrival.
See full report at http://www.texdotrealtors.com/market-conditions.asp (copy and paste link)
5002 Chantry Drive Houston, TX, 77084
MLS# 4399740 (HAR) / For Sale
Broker: TEXdot Realtors, Inc.
11430 Log Cabin Lane Tomball, TX, 77375
MLS# 5821642 (HAR) / For Sale
32 Palms Dominican Republic, , 77379
MLS# 73420964 (HAR) / For Sale
Broker: TEXdot Realtors, Inc.
21522 Fontana Street Tomball, TX, 77377
MLS# 73984532 (HAR)
Broker: RE/MAX PIONEERS
19731 Glenfinch Ln Spring, TX, 77379
MLS# 70451451 (HAR)
9523 Ashmond Ln Tomball, TX, 77375
MLS# 27063944 (HAR)
18231 Theiss Mail Route Rd. Spring, TX, 77379
MLS# 9373812 (HAR)
10822 Moonlit Meadows Ct. Houston, TX, 77064
MLS# 79047575 (HAR)
Dear Miss Kathy,Harris county has an abatement program. This program is to enforce clean properties. All counties are going to have concerns about water run off, water drainage, EPA. Best of luck!
If I understand you correctly, the buyers walk through and acceptance form is typically provided by the buyers agent, after the buyer walks through the property, prior to closing. I think this scenario occurs in most transactions. However, I prefer to have the document for my files as the listing agent and often bring a blank copy of the form to closing for the Buyers to sign, just in case the buyer's agent doesn't have the same policy procedure practice.
Dear Mr Maurice, when we calculate valuations we use only three sales in the last six months. I believe you are on the right track, before increasing the sales price be realistic on your upgrades, location to city, product type, demand and location within the subdivision; you will want to compare that data with the existing sales. Best of luck!
Interesting question as far as a report, local police sherif or constables will have records of incidents on the property. You will know which entity to check in Houston based off of the subdivision. If you are not sure contact the HOA and ask if there is a contract with constables to patrol the subdivision. Any subdivisions publish crime in the subdivision newsletter. Most Sellers will be glad to disclose what they know, even if it isn't required by law. Unrecorded information usually can be obtained by neighbors, but it could be hearsay or muddled information.
Houston community bank Al Dean did one for me years ago. North side of beltway 8 off of veterans memorial. (281) 537-7200 Or find a savings and loan or small bank near the property. When we bought land we bought with a loan through community. Once the house was constructed (ours was a modular) then the land loan was bought out by the local bank who held a mortgage (can't have the mortgage until you have a residence attached to te property). Hope this helps.
Q: Can a broker share a commission with an attorney when the attorney is a principal in the transaction?A: Yes. However, this is because the attorney is a principal to the transaction, not because he or she is an attorney. It is not a violation of TRELA or the Rules for a license holder to rebate a portion of a commission to a party in the transaction. If the rebate is to a party the license holder does not represent, the license holder must obtain the consent of the party the license holder represents. This must be done before making the payment. [Rule 535.147(d)]
Dear Etinosa, be sure to ask about the expenses accrued by winning the bid.
Get legal advice in adding the sqft. measurement in your contract. In the past I have added the requirement in special provisions to alert the appraiser to measure all rooms and calculate the footage for buyer. Also included a timeframe. Typically sqft size differentials are not covered in the contract. Buyer will sign Broker Notice to Buyer tenant which has a clause about sqft.
As always, it depends: on the current lease contract terms. No matter what the terms are is the owner/LL willing to break a lease contract? Most lease contracts do not cover a tenant purchasing. Only the LL selling a home leased. Experience proves LL can be bought out of a current lease.
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