"Dot" Spot on Properties!
In 2010 started TEXdot Realtors, Inc. - Broker Owner, small mom shop. Taking care of family and friends is my livelihood.
Serving Houston Association of Realtors Management Central Advisory Group
Current Member (2018) of Houston Independent Real Estate Brokers Association (HIREBA)
Received Jr. Achievement in 2008
CURRENT MARKET CONDITIONS
MLS Report for January 2018 HOUSTON HOME SALES ENJOY A HEALTHY START TO 2018 January brings a year-over-year increase in sales and stable inventory HOUSTON — (February 14, 2018) — The Houston real estate market kicked off the new year in generally positive territory, with sales up, a mixed pricing performance and a stable supply of homes available to buyers in January. Overall sales of single-family homes rose 8.9 percent, according to the latest monthly report from the Houston Association of Realtors (HAR). However, January marked the third consecutive month of declining sales among luxury homes – those priced at $750,000 and above. The strongest sales performance took place among homes in the $250,000 to $500,000 range. Housing inventory was unchanged from the 3.3-months supply a year earlier, in January 2017. The single-family home median price (the figure at which half of the homes sold for more and half sold for less) rose 3.8 percent to $218,000 – the highest median ever for a January. The average price declined 2.1 percent to $270,303. "The Houston housing market seems to have carried the positive momentum from 2017 into the new year, even with some softening in the high end," said HAR Chair Kenya Burrell-VanWormer with JP Morgan Chase. "We hope to sustain that positive momentum with 28,000 new homes slated for construction this year, according to Metrostudy, as well as healthy gains in employment." In the February edition of its Economy at a Glance publication, the Greater Houston Partnership (GHP) reported the creation of 46,000 jobs across greater Houston in 2017 – with more Houstonians finding employment last year than in 2016. January sales of all property types in Houston totaled 5,468, an increase of 8.7 percent versus the same month last year. Total dollar volume climbed 6.3 percent to $1.4 billion.
See full report at http://www.texdotrealtors.com/market-conditions.asp (copy and paste link)
350 Petty Hockley, TX, 77447
MLS# 24150856 (HAR) / For Sale
Broker: TEXdot Realtors, Inc.
32 Palms Other, OT, 77379
MLS# 73420964 (HAR) / For Sale
9118 Little Green Tomball, TX, 77375
MLS# 25882414 (HAR)
Broker: RE/MAX Northwest, REALTORS
155 Crockett Martin Conroe, TX, 77303
MLS# 76935640 (HAR)
Broker: UTR TEXAS, REALTORS
11430 Log Cabin Tomball, TX, 77375
MLS# 5821642 (HAR)
Broker: TEXdot Realtors, Inc
$0 - $10,000 / Rental,
4 Beds , 3 Baths,
2,406 Sq.Ft. , Year Built: 1966 ,
Broker: TEXdot Realtors, Inc.
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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