September 7, 2008

Will St. Joseph help sell your Spring Texas Home?

Yesterday I was at a closing with my buyers who were purchasing a Spring Texas home when a discussion arose about a St. Joseph statue that the sellers had buried in the front yard. The sellers believed that if you want to sell your home, you bury a St. Joseph statue in the yard, say […]

September 3, 2008

What “Days on Market” really means

DOM or Days on Market – what does it really mean? The simplest definition of Days on Market (DOM) is …. its the quantity of days a property has had an Active status in our multiple listing service. DOM is a statistic that is open to interpretation as to what it really means. The average […]

August 24, 2008

Spring TX Real Estate: Market Report July 2008

Spring TX Real Estate: Market Report July 2008 – What’s going on with the Spring TX Real Estate Market? • Decrease in closed sales. The 2008 YTD closed sales for MLS area 13 was 1,629 which is a decrease of 14.6%. • Decrease in single-family median homes price of 1.8%. Even though the Spring Texas […]

August 21, 2008

Texas ranks #8 lowest state in state-local tax burden

There is no denying that our real estate taxes in Spring Texas are higher than in other states. But you shouldn’t ONLY take into consideration real estate taxes when considering whether its affordable to live in Spring Texas. For 18 consecutive years the nonpartisan Tax Foundation has published an estimate of the combined state-local burden […]

August 18, 2008

Minimum down payment on FHA loans increases Oct. 1, 2008

If you have been counting your pennies and saving for the down payment on your Spring Texas home you will want to consider purchasing before October 1, 2008. Because on October 1, the minimum down payment requirement for FHA loans increases from 3% to 3.5% of the sales price. FHA increase on minimum down payment […]

August 16, 2008

Spring Texas Schools back in session

Its August and in about another week its time for Spring Texas schools to start up again. If you are like me, you are thinking …… already? Where did the summer go? Its still HOT enough to be summer but the calendar says its time for the kids to go back to school. The kids […]

August 13, 2008

First time homebuyer tax credit – what is it and how to get it

February 2009 UPDATE– If you were a first time homebuyer and purchased a home in 2008 the tax credit outlined below applies to you. If you are a first time homebuyer and are planning on or have already purchased a home in 2009 read – 2009 First time homebuyer tax credit. If you are a first time homebuyer […]

August 8, 2008

Spring Texas Homes #14 for Affordability

In its latest issue, Money Magazine, announced the “Top 25” cities where homes are affordable. And coming in at #14 on the list of affordability is Spring Texas homes. With an annual median family income of $74,298 and a 2007 median home price of $131,005, its easy to understand why the residents of Spring Texas […]

August 6, 2008

Spring Texas schools experience jump in latest TEA ratings

The release of the latest TEA (Texas Education Agency) school ratings have left some Spring Texas school teachers and principals beaming with joy and some down right crowing from their accomplishments. The TEA rates schools and districts primarily based upon the test results of the Texas Assessment of Knowledge and Skills (TAKS). A standardized test […]

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