February 25, 2011

Pre-approval does not guarantee you a loan

One of the most misunderstood items in the home loan process has to be the pre-approval letter. The pre-approval letter is the letter your Realtor® said you needed to get before viewing Spring Texas homes for sale. So away you went and met with a loan officer and got yourself one of those pre-approval letters. You then went out […]

February 23, 2011

What are the tax advantages of owning a home?

Are you looking for ways to cut your income taxes? Do what 34.6 million taxpayers already do to cut their taxes. They own a home and deduct the interest they paid on their home mortgages. The mortgage interest deduction cuts their federal income taxes by a total of nearly $77 billion. What are the tax advantages of owning […]

February 21, 2011

Demographics of Spring Texas – 2010 Census

We are finally beginning to get our first look at the 2010 Census data as the population counts are released on a state by state basis. Below is a table identifying the ethnicity breakdown for Spring Texas and its population growth over the last 10 years.Spring Texas is a census designated place (CDP) within the extraterritorial jurisdiction of […]

February 19, 2011

Home inspections – how long do they take?

For the average 2,500 square foot home in Spring Texas, the inspections if they are all being performed by the same home inspector, will take approximately 3.5 to 4 hours to complete. The time for the individual inspections are mechanical and structural – 2 to 3 hours, wood destroying insects (WDI) – 30 minutes, and pool and […]

February 18, 2011

Klein ISD rezones elementary schools for 2011-2012 school year

To coincide with the opening of Blackshear Elementary in the fall of 2011, Klein school district recently announced the completion of their rezoning efforts. With the addition of each new school, Klein school district rezones to balance each school’s individual enrollment. The chart to the right identifies the subdivisions impacted by the rezoning of Klein ISD elementary schools. As […]

February 16, 2011

Are you landlord material?

If your house isn’t selling and your new job is waiting or if selling your house at today’s real estate prices has you bringing money to the closing table, you are probably thinking about becoming a landlord. Being a landlord can’t be all that difficult. You find a prospective tenant, check their credit, sign a lease agreement and sit back […]

February 12, 2011

Exxon Mobil moving to Spring Texas?

There is still no “official” announcement from Exxon Mobil that they are going to be moving their North American headquarters to Spring (also known as south of the Woodlands). But that hasn’t stopped everyone else from talking and speculating about Exxon Mobil’s new campus in Spring. Just ask around and you will run across someone who says she or […]

February 9, 2011

Spring Texas Real Estate: Market Report January 2011

What’s going on with the Spring Texas Real Estate Market? Sales and pending sales are up over January 2010. Not significantly up but they are still up. Considering that last year at this time the Spring Texas real estate market was being artificially stimulated by home buyers tax credits an increase albeit a small one over […]

February 7, 2011

What’s that 100 dollars for?

Your Spring Texas house is in contract that you are definitely sure of. What you’re not so clear on is why you do have a check for $100 from the buyers.The $100 is for consideration. The buyers gave you $100 as nominal consideration for the unrestricted right to terminate the contract. You and the buyers agreed to […]

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