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Archive for First Time Home Buyers

Cold Facts to save your Spring-Tomball-Magnolia TX foliage!

Cold Facts to save your Spring-Tomball-Magnolia TX foliage!

Last year the Houston Chronicle had a great article about plant survival in freezing temperatures. Since it is almost February I was thinking I was going to get away without having to post about this but it is not to be; we are looking to have several days of frigid temperatures starting tomorrow (lows in the low to mid 20′s). Here in Houston we rarely have frigid temperatures and for sure not several days in a row. I love all the tropical plants that I’m able to grow in Spring and by using what they said I saved my plants last year and plan to again this year.  This year I also have a winter garden going and I sure don’t want to lose my lettuce.

After reading the article I realized that I’ve not been going at this correctly. What you want to do is mulch, water and cover. If it has not rained you need to water first which I had to do last year but this year we have had rain. Water and mulch should be enough for certain plants. Those plants would be abelia, azalea, boxwood, eleagnus, Hawthorne, holly, ligustrum, loropetalum, mahonia, nandina, roses, wax myrtle and yaupon. After an extended freeze these shrubs will probably show foliage damage without cover but should put on new leaves in the spring.

We went the extra step covering plants with fiber row covers, sheets & blankets. This will raise the temperature a few degrees depending on the cover. For even extra protection we added a layer of heavy plastic over the cloth covers and secured it with bricks and stones. The article said not to place plastic directly on the plants. (This is where I have been going astray). My plants are again double wrapped and I feel that again I will have healthy plants after the cold snap. Of course we have moved our potted plants inside.

Protecting your plants from cold weather in Spring TX!!

Protecting your plants from cold weather in Spring TX!!

Do not wash frost or ice off the plants the morning after the freeze. If you wash the frost off it raises the temperature too fast and can damage the plant’s cell tissue. After the frigid temperatures are over  assess the damage but DO NOT prune. The freeze damaged wood will protect live wood farther down the branch (should we have more frigid temperatures).

In the spring prune to green at your normal pruning time. I have always heard mid February for pruning.

I hope this is it for our frigid weather. We have lived here 14 years and I don’t ever remember covering plants this late in the season. I remember a radio commentator years ago saying we have two seasons in Houston summer and January. It looks like winter is going in to February for us this year. Hopefully this will be the last time to cover the plants.

Why you want deed restrictions in Harris and Montgomery County!

Why you want deed restrictions in Harris and Montgomery County!

It really boils down to 2 words and they are NO ZONING. When we moved here in 1997 and I was in real estate school I almost fell off my chair when I found out that Houston did not have zoning. It is especially apparent when you live in either unincorporated Harris County or unincorporated Montgomery County. If you are not in an area that has some deed restrictions it is a total free for all. Those subdivisions without restrictions have mobile homes, businesses, salvage yards, farm animals etc. You get the point!

Since we don’t have zoning something that has naturally happened are subdivisions with all levels of restrictions. I have seen subdivisions with deed restrictions that don’t have a yearly fee all the way to subdivisions with yearly fees of up to $1500. The beauty of our area is that you can find everything in between.

Personally I think it is a good idea to buy in a deed restricted area. My husband had a co-worker that bought in an unincorporated area when we first moved here. At the time his co-worker bought his house the house next door was a nice house so he thought he was safe. That house sold and the new buyer decided to open a salvage yard. His co-workers equity just went down the tube when that salvage yard opened.

I have written several post that relates to this subject;  for additional information please visit them at:

 What to bring to your Texas Real Estate Closing

I have been asked by many Spring TX first time home buyers what they will need to bring to closing. The first item that comes to mind is of course funds to close. I have had a few Veterans who did not have to bring funds to the closing You will need to bring certified funds for your Texas home closingtable but not many. With the changes in the loan industry most 100% loans are gone so you will need some cash.

The money to pay all your fees and closing cost will need to be in the form of “guaranteed funds” such as a Cashier’s Check. Your agent or escrow officer will notify you of the exact amount. You will receive a closing document required by HUD that outlines the settlement cost. The Title Company prepares this document. The HUD statement is a little difficult to read as you read it backwards. You start with page two and then go back to page 1. Page 1 is the page that shows the funds you need to bring for your real estate closing. For additional information on HUD statements go here.

In a perfect real estate world a Tomball TX first time home buyer  would receive the HUD statement the day before closing so you would have time to go over it before closing. Unfortunately real estate is not perfect; I can’t tell you how many times we get the HUD from the Title Company at the closing table. I honestly don’t know why it takes so long but it is a very complex process. Should that happen you can bring a check using the figures your lender have come up with from your good faith statement. Should you not bring enough money you can write a personal check to the title company for up to $1500. On the flip side if you bring too much money the Title Company will cut you a check for the overage.

You will need a picture ID for your Texas real estate closingThe other itemYou may use your passport as your picture ID for your Texas real estate closing you will need to bring is a picture ID such as your driver’s license or a passport. A number of years ago I had a client who was moving to another state. He came back  for the closing and to get his furniture. A few days before closing I found out that he had turned in his driver’s license to the other state and only had a piece of paper for a drivers license. He did not have another picture ID. Back then I talked the title company in to letting us get a membership at Sam’s Club and using it as a picture ID. As I told you this was quite a few years ago I’m not sure if that would fly today.  Long story short I highly recommend not turning in your driver’s license if you are planning on buying a house unless you have another type of picuter ID.

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If you are buying or relocating to  Tomball Texas and need help from a professional REALTOR®,  Marchel can be reached at Marchel@AgentwithResults.com or by phone at 832-721-8332. 

If you would like information about Tomball please visit my websites at http://agentwithresults.com and at http://www.resultsrealtytx.com/.  The AgentwithResults site is rich in Content about the area.  If you prefer pictures with your content then visit my ResultsRealtyTX site.

Want to find out about new Tomball TX properties immediately as they come on the market, then click here to sign up for a free automatic notification of new listings.

Search for home in The Woodlands Creekside VillageClick the button to the left to search our local MLS

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I am continuing my Tomball TX first time home buyer series.  In this post we are going to talk about home owners associations.   On a regular basis I have people asking me to find them a home that is not in a homeowner’s association. Usually this is someone moving here from another state and usually the area that they are moving from has zoning in affect.  

I am going to tell you why I don’t think that is a good idea living in the Tomball area.The problem with not buying in a subdivision in Tomball TX is that WE DO NOT HAVE ZONING IN Tomball TX.  Since we don’t have zoning it is a free for all.  People can build whatever they want wherever they want it. It is not uncommon to see a nice home next to a trailer on cinder blocks in unrestricted areas. You do have protection in the City of Tomball but much of the Tomball market area is not actually in the city of Tomball.   

I will never forget when I found out that the Houston area did not have zoning.  We moved to the area in 1996 and as I was taking the classes to get my real estate license one of the instructors nonchalantly said “well you know we don’t have zoning in the Houston area”.  I almost fell off my chair. I had thought every area was zoned. Well that is not the case the Houston area is one of the few large cities if not the only large city that does not have zoning.

I have lived in three different states besides Texas.  Those states being Kansas, Colorado and North Carolina.  All of the areas I lived in had zoning so it was no big deal not living in a home owners association (HOA). I was a little apprehensive about living in a HOA and having someone telling me what I could and couldn’t do with my own house. The longer I have lived here I have realized the value of living in a HOA.  By having deed restrictions it helps me to maintain my property values.  To give you an example a few years ago my husband worked with someone who bought out in the country in a non-restricted area.  The guy loved it until the house next door was sold and the new owner decided to make it in to a salvage yard.  His property values took a nose dive when the salvage yard opened.

The good news is that there is just about something for everyone as far as homeowner’s associations go. There are associations with all kinds of restrictions such as in master planned communities and there are HOA’s that allow you to have mobile homes.  In Tomball you can find subdivisions all the way between the two extremes.  There are not many country subdivisions left in Tomball.  There are a few scattered around but if you want country living you might want to look at Magnolia.

The HOA’s fees also vary greatly. I have seen fees as low as $10 a year and as high as $1500.  There are even a few subdivisions that have deed restrictions but no fees.  Most of the suburb HOA’s have similar restrictions.  If there is something in particular you are interested in doing it is a good idea to look the deed restrictions over before you ever put an offer on a house. It is a fairly easy process to get the deed restrictions; usually you can get them from a local title company. It is important to decide what kind of restrictions you are looking for and find your home in a HOA that meets your needs.

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If you are buying or relocating to  Tomball Texas and need help from a professional REALTOR®,  Marchel can be reached at Marchel@AgentwithResults.com or by phone at 832-721-8332. 

If you would like information about Tomball please visit my websites at http://agentwithresults.com and at http://www.resultsrealtytx.com/.  The AgentwithResults site is rich in Content about the area.  If you prefer pictures with your content then visit my ResultsRealtyTX site.

Want to find out about new Tomball TX properties immediately as they come on the market, then click here to sign up for a free automatic notification of new listings.

Search for home in The Woodlands Creekside VillageClick the button to the left to search our local MLS

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I am continuing my Tomball TX first time home buyer series.  In this post we are going to talk about your Tomball TX title policy.  In Texas we close at Title companies and if you are getting a loan you are going to be required by your lender to have a title policy. 

Title insurance provides protection against title defects that were unknown to you at the time you purchased the policy.  Before writing a policy, a title company will check for defects in your title by examining public records, including deed, mortgages, wills, divorces, court judgments, tax records, liens, and encumbrances.  The company will then defend in court any claims to the property that are covered by your policy, subject to certain limitations.  If the company loses, it will pay you for covered losses up to the amount of your policy.

In Texas, the two most common types of title policies are “mortgagee policies,” which protect lenders, and “owner policies,” which protect buyers.

Most lending institutions won’t loan you money to buy a house or other property unless you purchase a mortgagee policy.  This policy will repay the balance of the mortgage if a claim against your property voids your title.  Mortgagee policies remain in effect until the loan is repaid.  Most lenders will require you to buy a new mortgagee title policy if you refinance your home. 

Owner policies insure property owners against the specific kinds of claims listed in the policy.  Any owner policy remains in effect as long as you or your heirs own the property or are liable for any title warranties made when you sell the property.  You should keep your owner policy, even if you transfer your title or sell the property.

In Texas our title policy forms are standardized.  This mean the policy language is the same, regardless of the company. Here is a blank title policy from Alamo title so you can see the standardized language.  Pay special attention to “Schedule B” of the policy which explains any limitations, exclusions, exceptions and special.  You may want to discuss these exceptions with an attorney before you close.

Title insurance in Tomball TXTitle insurance in Tomball TXSchedule C is not shown on the blank copy above but it will be there when you get your title policy.  This is the schedule that shows the requirements that must be satisfied for the title policy to be issued. It may require information on marital status of one of the parties; if there have been any probates or bankruptcies they will be here also.  This is also where you will find the descriptions of mortgages.  If there are any mechanics liens, tax liens, judgments (you get the idea) this is where they will be found.  This is the part of the title commitment that the seller must resolve before the closing occurs. 

The premium for a title policy is paid only once, at the closing of the sale.  The buyer and seller may negotiate who pays the premium.  Generally in Texas the title policy is paid by the seller for the new buyer but everything is negotiable so this is not always the case.  New home builders will typically NOT pay for the title policy and it becomes a buyer’s expense.

Title insurance premium rates are set by the Texas Department of Insurance and are based on the property’s sale value using a sliding scale.  You can check the Texas Title Insurance rates here. 

As a Tomball TX first time home buyer I expect you will be getting a loan and this will be required by your lender.  If you are paying cash then you can make the choice as to whether you want title policy protection or not.  I recently had a buyer who seriously considered not buying the policy.  I told them it was their decision but I would require them to sign something saying I did not think this was in their best interest. They finally decided to buy the policy; my concern was you just never know what might come back to bite you without it.

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If you are buying or relocating to  Tomball Texas and need help from a professional REALTOR®,  Marchel can be reached at Marchel@AgentwithResults.com or by phone at 832-721-8332. 

If you would like information about Tomball please visit my websites at http://agentwithresults.com and at http://www.resultsrealtytx.com/.  The AgentwithResults site is rich in Content about the area.  If you prefer pictures with your content then visit my ResultsRealtyTX site.

Want to find out about new Tomball TX properties immediately as they come on the market, then click here to sign up for a free automatic notification of new listings.

Search for home in The Woodlands Creekside VillageClick the button to the left to search our local MLS

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Tomball TX First time home buyer option fee and inspectionsThis is my 6th post in my Tomball TX first time home buyers series.  I have chosen to discuss the Texas option fee and the home inspection in the same post.  Your option period is typically that period of time where you do your home inspections.  I have lived in four states and each state has handled the home inspection process in a different manner.  In Texas all residential contracts have an “option fee” clause. This clause allows buyers and sellers to negotiate a specified time during which the buyer can fully evaluate the house.  For this right, they buyer pays the seller a nonrefundable “option fee”. Once you have finished negotiations and all parties have signed the contract you now have a fully executed contract.  Prior to this it was called an offer but you are now under contract.  As a Spring TX first time home buyer you need to know that this is a legally binding contract.  You have probably negotiated a certain amount of days for your option.  You are now going to be in your option period.  The option days start counting the day after the contract is fully executed by all parties.

Everything is negotiable but usually you will have put $100 (plus or minus) down for a 5 to 10 day option period.  This option period gives you the time to do your home inspections.  Typically a seller will allow you 10 days but I have found that many foreclosures only allow 5 to 7 days.  These are not business days; time is of the essence and strict compliance with the time for performance is required.

You will need to quickly find an inspector to inspect the home.  I have a list of home inspectors that I can give you or you are welcome to find your home inspector yourself.  Most people only think of one or two questions to ask a home inspector.  The most common being “How much is your fee” and “When you can inspect the home”.  Below I am including a list of additional questions you might ask.

  • The State of Texas does require testing and licensing of inspectors.  Ask them about their training and what kind of license they have.  
  • Ask them how long they have been licensed in the state of Texas. 
  • Make sure they are a full time home inspector.  I have found there are a lot of inspectors who dabble and you want someone who is making home inspections their career.   There are lots of codes they need to stay current on.
  • Ask them if they also perform repairs? (If the answer is yes this may be a conflict of interest). 
  • What will the inspection include?  (It should include heating, A/C systems, electrical, interior plumbing, visible insulation, visual roof, walls, ceilings, floors, windows, doors, foundation and the visible structure of the home.
  • Ask them if they charge extra based on the size of the home.  I have found that most inspectors have different price breaks according to the square footage of the home.
  • Find out how much they will charge if you ask for a re-inspection after the repairs are completed.
  • Be sure you can attend the inspection.  This is your time to learn about your new home and ask questions.  If the inspector does not want you following him around I would suggest finding a different inspector.
  • Be sure that they don’t mind you calling with additional questions after the inspection. 
  • Ask for references.  Get names and phone numbers of people they have recently inspected homes for.
  • Make sure you are getting a written report in a timely manner. They may give you the report at the inspection or they may want to email it to you the following morning.   Either method is acceptable.  Just remember that time is of the essence.
  • If you have a particular concern about the property, be sure to ask if it will be covered in the inspection.

The inspector may not inspect swimming pools, wells, septic tanks, wood destroying insects or other environmental test.  You will likely need to arrange for those inspections separately.  Sometimes the home inspector will have developed a relationship with a termite inspector or some of the other inspectors and can schedule that inspection for you.  You will need to discuss that at the time you set the appointment.  If not you will need to set the additional inspections yourself. 

I have heard the saying that there are two types of homes in Texas one that Spring Texas Termite inspectionhas termites and one that is going to get them.  What I am saying here is don’t freak out if you find termites they are very common and treatment is fairly easy.  I have seen brand new construction where they have found termites.  The inspector should be able to give you an idea if there is any permanent damage.

The primary purpose of the inspection is to educate you so you can make an informed purchasing decision.  If you are buying a re-sale home I can almost guarantee you that the inspector will find something; that is what you are paying them for.  The big ticket items you will want to keep in mind are the foundation, the heat/air and the roof; almost everything else is small stuff. 

Should you find something that needs to be repaired during the inspections you can either ask for repairs or negotiate an agreed upon price so that you can do the repairs yourselves.  We will then fill out an Amendment to the contract which takes precedence over the Contract. If you remember right we had probably marked accept the property in its present condition on the Earnest money contract.  The Amendment amends the contract for any repairs or other changes that are made. 

If the repairs are more than what you want to do, or maybe you just got cold feet, you can back out for any reason during this option period and the only money you will lose is the money you put down for the option and the cost of your inspection. The earnest money will be returned to you in full as long as you provide the owner a termination letter in the agreed upon days.  Again time is of the essence!

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If you are buying or relocating to  Tomball Texas and need help from a professional REALTOR®,  Marchel can be reached at Marchel@AgentwithResults.com or by phone at 832-721-8332. 

If you would like information about Tomball please visit my websites at http://agentwithresults.com and at http://www.resultsrealtytx.com/.  The AgentwithResults site is rich in Content about the area.  If you prefer pictures with your content then visit my ResultsRealtyTX site.

Want to find out about new Tomball TX properties immediately as they come on the market, then click here to sign up for a free automatic notification of new listings.

Search for home in The Woodlands Creekside VillageClick the button to the left to search our local MLS

Tomball TX first time home buyers, what kind of home offerSo what kind of a home offer do you make for your Tomball TX home?  In this post I am going to discuss the items that we will need to negotiate.  In Texas we have an 8 page resale contract.  Price is what most Tomball TX first time home buyer’s think of when making an offer but there are a number of other terms that will also need to be negotiated.I am going to go through the items on our Texas contract that I expect we will be negotiating. 

Section 3 – Sale Price- I covered this extensively in my last post Tomball TX First Time Home Buyers Guide – Part 4 – What price do we offer!

Section 4 – Financing – The only way we would not mark this sections is if you were paying cash for your transaction.  If you are getting a loan we will be marking that “this contract is subject to buyer being approved for the financing described in the Third Party Financing Condition Addendum”.  We will be attaching the Third Party Financing addendum and it goes in to more detail about whether your financing is going to be conventional, FHA or VA.

Section 5- Earnest money – In our area it is typical to put either $500 or $1000 Earnest money down (depending on the price of the home).  If the home is over $250,000 there’s usually more earnest money put down.  In other states it is often 1% of the purchase price; for the most part that is not the case here in our area of Texas.  This is the place where we also decide what title company to use.  When the seller pays for the title policy they often feel they should get to choose but it is a negotiable item between the buyer and the seller.  Please note as soon as we finish negotiations the Earnest money will go to the title company we have chose and they will cash the check and hold the money in escrow.

Section 6 -Title policy and the survey – Typically in our area the seller pays for the title policy and the buyer pays for the survey.  This is however totally negotiable between the buyer and the seller.  If the seller has an existing survey this is the place where we request it.  Most lenders will allow an old survey to be used if the survey has been done within the last 10 years and if nothing has changed.  If a pool or fence has been put in then the survey will need to be re-done.

Section 7 – Property Condition-

7B- Seller’s Disclosure notice pursuant to 5.008 Texas property code (notice) – This is where we mark that you have seen the seller’s disclosures.  If you have not seen the disclosures then we will mark how many days the seller has to provide it to you and you may back out if you see something you don’t like in that amount of negotiated days.  The one exception to providing a seller’s disclosure is a foreclosure.  The seller of a foreclosure is not required to furnish the notice under the Texas Property Code.

7D – Acceptance of Property Condition -You either accept the property in its present condition or there is a place that you can ask for specific repairs and treatments.  I will be covering this in more detail when I write about the termination option.

7H – Residential Service Contracts – In today’s age most sellers will pay for a buyer to have a one year home warranty.  If there’s a pool or spa we will typically try to negotiate coverage on that also.  This is a totally negotiable item and if the seller declines you can still buy a policy yourself when we close.  As I said most sellers will pay for a 1 year warranty but foreclosures and relocation companies may not offer this to the buyer.  We will of course ask for it as all they can say is no.

Section 9 – Closing – This is where we put the closing date.  I have found that this item often requires as much negotiation as the sales price.

Section 10 – Possession – We will either mark that possession is on closing or funding or it will be according to a temporary release.  I almost always mark that possession is on closing and funding but if I was representing the seller I would come back and ask for closing plus 48 hours.  Typically in that case there is not any money involved but it gives the seller time to get out.  I have heard nightmare stories of the seller moving out and then everything fell apart.  This is something that should be negotiated at the time we write the contract but it is something that I have found often comes up later. 

Section 11 – Special Provisions – Rarely do I have to write anything in special provisions.  On our old contracts we often wrote lots of items in this section but when the contracts were overhauled years ago they left no stone unturned or very few.

Section 12 – Settlement and Other Expense – If we are going to ask for any help from the seller with closing cost this is where it will go.

Section 16 – Mediation – Typically we are always going to mark that you would agree to mediate before you will sue.  The exception on this is again foreclosures and relocation listings.  They will typically not allow you to mark “will” on this.

Section 21 – Notices: – This is a place for you to write all your contact information. 

Section 22 – Agreement of Parties – This is where the addenda we are attaching are marked.  Typically we will have marked Third Party Financing Condition Addendum and Addendum for Property Subject to Mandatory membership in a Properties Owners’ Association.

Section 23 – Termination Option – In this section you can put an option fee amount and a number of days.  Typically this will be $100 and 10 days but again this is totally negotiable.  This gives you the unrestricted right to terminate for the amount of days that we negotiate.  This is the time to get your inspections done.  I will be discussing this in more detail in my next post on home inspections.  I always mark that the fee will be credited to you at closing.  Time is of the essence for this paragraph and strict compliance with the time for performance is required.  During this option period you may back out at an time and all you lose is the option money.  The earnest money you put down will be refunded to you.

As you can see there are lots of items for the Tomball TX first time home buyer to negotiate.  I never fail to be amazed at what can end up being a hot button.  I recently had someone buy one of my listing who could not agree on the Title Company on a prior home that they made an offer on.  That one was amazing to me.

My job is to ensure that as a Tomball TX first time home buyer you have the tools and information you need to make an informed decision. I will help you prepare the offer. Then I will present it to the seller on your behalf and try my best to get it accepted at your price and terms!  My next post will be on the option period and the inspection.

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If you are buying or relocating to  Tomball Texas and need help from a professional REALTOR®,  Marchel can be reached at Marchel@AgentwithResults.com or by phone at 832-721-8332. 

If you would like information about Tomball please visit my websites at http://agentwithresults.com and at http://www.resultsrealtytx.com/.  The AgentwithResults site is rich in Content about the area.  If you prefer pictures with your content then visit my ResultsRealtyTX site.

Want to find out about new Tomball TX properties immediately as they come on the market, then click here to sign up for a free automatic notification of new listings.

Search for home in The Woodlands Creekside VillageClick the button to the left to search our local MLS

Tomball TX first time home buyerI’m often asked by my Tomball TX first time home buyers “How much under the listing price should we offer?” This is an excellent question. As I had told you at the end of part 3 (the home search) we will run comparatives going back 6 months to see how the home is priced compared to other homes that have sold in the area. I have found that Tomball TX sellers price their home differently for different reasons. 

1. Ridiculously Overpriced!
Often these sellers have an unrealistic expectation of what their home is worth.  I have found these sellers usually shop real estate agents until they find one that will agree to list at their ridiculous price.  These homes can be 10 to even 30% overpriced. These sellers may need a “dose of reality” for a few months before they begin to realize that their home is way overpriced as compared to others in the area.  If we find a home that is overpriced like this and the listing is new on the market I have found it is sometimes better just to move on.  The longer an overpriced home is for sale, the more likely we can get the seller to face reality and sell at a fair price.

2. A Little Overpriced!
These sellers usually fall into 2 categories:
1. The sellers that feel their home is worth every penny of their asking price.
2. Those that want to leave a little “negotiating” room.
These homes can be 4-10% overpriced. When running comparatives I find many homes that are just a little overpriced. 

3. Priced At Fair Market Value These sellers have carefully and realistically studied other homes for sale. They have priced their homes very competitively. These homes usually sell within 4 weeks at or very near the listed price.

4. Priced Below Fair Market Value
These homes are priced below value. Perhaps the seller wants a fast sale. Perhaps the real estate agent recommended too low of a price. These homes usually sell within 7-10 days, at or above the listed price. There are usually competing offers.

At this point we will want to discuss how the Tomball TX home is priced and decide what we want to offer.  You want to be careful in this step that you don’t make such a low ball offer that you offend the seller.  If the home is ridiculously overpriced then yes the seller may get offended but so be it.  If the home is priced fairly you don’t want to come in so low to offend the seller.  Most sellers have left some room to negotiate and so it is okay to be a little aggressive but not so aggressive that it is offensive.  I remember a listing I had where a low ball offer came in and they also asked for my clients’ stainless steel grill and a bed.  That was years ago when stainless steel grills were still VERY EXPENSIVE.  During the negotiating another offer came in and he jumped at the other offer as these people had totally offended him.  My seller was very attached to that grill (it was a standalone grill and was not attached to the house). Asking for the grill was way over the top as far as he was concerned.

Bank Protection
Even by carefully studying homes for sale, it’s sometimes difficult to establish Fair Market Value. If you’re obtaining a new home loan, you’ll be protected by the Professional Bank Appraisal. Home lenders want to make sure that you don’t over-pay for a home. If the home does not meet value in the eyes of the bank appraiser, you’ll be informed. At that time, we can re-negotiate the sale price or void the agreement and refund your earnest money deposit.

My job is to ensure that as a Tomball TX first time home buyer you have the tools and information you need to make an informed decision. I will help you prepare the offer. Then I will present it to the seller on your behalf and try my best to get it accepted at your price and terms!  My next post will be on the terms beside price that we will be negotiating.

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If you are buying or relocating to  Tomball Texas and need help from a professional REALTOR®,  Marchel can be reached at Marchel@AgentwithResults.com or by phone at 832-721-8332. 

If you would like information about Tomball please visit my websites at http://agentwithresults.com and at http://www.resultsrealtytx.com/.  The AgentwithResults site is rich in Content about the area.  If you prefer pictures with your content then visit my ResultsRealtyTX site.

Want to find out about new Tomball TX properties immediately as they come on the market, then click here to sign up for a free automatic notification of new listings.

Search for home in The Woodlands Creekside VillageClick the button to the left to search our local MLS

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Tomball TX first time home buyerNow that you are pre-approved and have decided on the area you want to live in it is time to start searching for your Tomball TX home.  At this point you are going to have a list of homes that you have identified from your web search.  We can then schedule a time that works for both of us to look for your home.I don’t recommend looking at more than 10 Tomball TX homes at a time.  I have found if you look at more than that it becomes difficult to remember what you have seen.  You are going to want to bring a notebook along so you can take notes as we go.  If you can tell that a home is not going to work then it is best just to move on to the next home. 

My real estate mentor years ago gave me some wise advice.  She told me to never sell a house that I couldn’t resale.  I have taken her instructions to heart and as we go through theTomball TX homes I will be looking for anything that would make this home hard to re-sale down the road.  There are many things that can make a home hard to re-sale.  What does the home back up to?  It can be hard to re-sale homes that back up to businesses or roads.  In our area a 2 bedroom one bathroom home would be another example of being functionally obsolete.  Almost all homes in our area have at least 3 bedrooms with 2 bathrooms.

In the Tomball TX area where the master bedroom is located is a big deal also.  Most buyers prefer either a one story or the master bedroom downstairs.  If you buy a home with all bedrooms up you just have to realize when you go to re-sale the home it might take a little longer and you will probably not get as much for your home.  On the plus side you probably got a good deal when you bought the home.  I have to admit we did not realize this when we bought here almost 13 years ago and coming from the north all of our bedrooms are upstairs.  Back then my husband was a day sleeper so I don’t know that we would have bought with a master bedroom downstairs anyway.

Once you have narrowed down the homes that you are interested in we will want to compare these homes to other homes that have sold in that area in the last 6 months.  Sometimes this will tell you that the home is priced good and other times it might tell you that the home seems to be a little over priced for the area.  Recently I did comparatives for a client and we found that the home was fairly overpriced; in doing the comparatives we found another home that was priced good with similar square footage. In this case my client ended up buying the comparative.  Doing a buyer’s comparative analysis will then give you the information you need to make an educated offer.  My next post will cover what price to offer for your Tomball Texas home.

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If you are buying or relocating to  Tomball Texas and need help from a professional REALTOR®,  Marchel can be reached at Marchel@AgentwithResults.com or by phone at 832-721-8332. 

If you would like information about Tomball please visit my websites at http://agentwithresults.com and at http://www.resultsrealtytx.com/.  The AgentwithResults site is rich in Content about the area.  If you prefer pictures with your content then visit my ResultsRealtyTX site.

Want to find out about new Tomball TX properties immediately as they come on the market, then click here to sign up for a free automatic notification of new listings.

Search for home in The Woodlands Creekside VillageClick the button to the left to search our local MLS

This is my second in a series of post for first time home buyers in Tomball TX.  Now that you are pre-approved for your home loan the next step is to start searching for your home. I have found that most buyers like to start looking at homes and familiarizing themselves with the areas online.  The town of Tomball is not very large; the Tomball ISD borders are much larger. The Tomball ISD border is located along SH Hwy 249 to the north and south and FM 2920 to the east and west.  Tomball ISD even extends in to Montgomery County.

There are lots of websites that you can go to search for homes for sale but we are blessed in the Houston area to have an INCREDIBLE Public MLS site through the Houston Association of REALTORS® (HAR).  We tend to take this site for granted but as I have blogged and met people across the United States I have realized how fortunate we are to have such an incredible public site.  HAR has won many awards for this site and they are constantly improving it. You may search directly at www.HAR.com or if you are working with me to find your new Tomball TX home you can click here to go in to the site.  By going in under my name any questions that you have will be immediately directed to me.

In this busy age that we live in I have found Tomball TX first time home buyers often want to be set up to have new listings sent to them automatically. It doesn’t matter whether you are looking for a single family detached Tomball TX home, a home on acreage, a town-home or even vacant land; this automated search can do the work for you. You will learn about listings new to the market even before most REALTORS®.  You are notified of new listings within 24 hours of them going on the market.  The listings for the most part have directions so you can also explore subdivisions to get an idea of where you want to be.  Please click here for the automated form.  I have tried to make this as specific as I can.    I am able to put filters on your search and have learned all kinds of tricks to tweak your Tomball Texas home search so we only pull up the specific type of home you are looking for.

* * * Please note: If you are already looking at homes or land with another REALTOR® and have signed a Buyers Representation Agreement with that REALTOR® please do not use this automated search. It would be a violation of the Code of Ethics for the National Association of REALTOR® for me to be assisting you in this circumstance. * * * If you have an agent and this is not set up for you just ask your REALTOR® to set it up. 

You are probably wondering why I put the First time home buyer Tomball TX website search as number 2 in my series and not number 1. I have found with today’s ever changing mortgage environment that it is more important than ever to get pre-approved for your loan ahead of time; especially if you are a first time home buyer and are not familiar with the process.  If you wait until you are ready  to buy and you find some kind of a hiccup that needs to be worked on then it is too late and could cause you to have to wait longer to buy your first home.  By getting pre-approved (as much as 6 months prior to buying your home) it gives you time to take corrective action.  I also can’t tell you how many first time home buyers I have worked with who were not searching in the correct price range and that can be very discouraging.  Not to mention that by starting early you can start narrowing areas and decide what you want in a home.

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If you are buying or relocating to  Tomball Texas and need help from a professional REALTOR®,  Marchel can be reached at Marchel@AgentwithResults.com or by phone at 832-721-8332. 

If you would like information about Tomball please visit my websites at http://agentwithresults.com and at http://www.resultsrealtytx.com/.  The AgentwithResults site is rich in Content about the area.  If you prefer pictures with your content then visit my ResultsRealtyTX site.

Want to find out about new Tomball TX properties immediately as they come on the market, then click here to sign up for a free automatic notification of new listings.

Search for home in The Woodlands Creekside VillageClick the button to the left to search our local

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