Home Buying Tips

Make a minimum 20% down payment on your purchase of a Spring Texas home and the choice of an escrow account will be yours. A less than 20% down payment forfeits the choice. If the choice of an escrow account is yours, should or shouldn’t you establish it?  What are the pros and cons of […]

The option period is a defined length of time that has been negotiated and agreed upon by both buyers and sellers.  The option period starts the day AFTER the contract execution date and ends at 5 pm (local time) on the last day. For example: If you are buying a home in Spring Texas and you […]

Were you thinking about buying your first Spring Texas home in 2014 but didn’t due to a high down payment and a high credit score requirement?   If so, you will want to learn about a new first time home buyer loan program.  It might just turn you into a new Spring Texas homeowner. The outline of the program is below: […]

D.R. Horton will develop The Reserve at Louetta Glen on 51.75 acres located south of Louetta and to the west of the Louetta Glen subdivision.  The northern section of the property that fronts Louetta will be reserved for commercial development. D.R. Horton plans to construct approximately 160 single family homes in The Reserve at Louetta Glen.  […]

The fine print. Locate the fine print on almost any website or advertisement and that is where you will find the disclaimer. Real estate websites including Realtor.com, Trulia, Zillow, HAR.com, and even our own website of DiscoverSpringTexas.com have disclaimers. The typical disclaimer on a real estate website is “information is deemed reliable but not guaranteed”.  Websites displaying real […]

If you want a non-realty item to be there on closing day, you need to get it in writing.  Because in Spring Texas real estate transactions verbal means nothing.  Anything that’s not in writing becomes a he said she said. If you thought the sellers were going to leave the refrigerator, washer and dryer, or a wall mounted tv […]

The days of the 3% interest rates for 30 year mortgages are GONE.  For the last couple of years, buyers have been locking in interest rates for 30 year mortgages in the 3s and loving it. Heck, I cashed in on the low interest rates myself.  Last fall, we refinanced the mortgage on our Spring Texas home and snagged a 3.5% interest rate […]

Frustration by both home buyers and Houston Realtors on the accuracy of a listing’s status has pressured the Houston Association of Realtors (HAR) Board of Directors to approve a rule change. Effective April 1, 2013, the time frame to update a listing’s status from “Active” to “Option Pending” or “Pending” or “Pending continue to Show” has shorten […]