Does Moving up make sense in our Current Real Estate Market?

 

Does moving up make sense in our current Houston real estate market?

Yes! If you are thinking that you have grown out of your current Houston home and you plan to move up in the next 2 or 3 years but are waiting to sell until the market improves – You need to – Think AGAIN!

The percentage in gain you may get from your current lower priced home in the next few years will be outpaced by any gain you will enjoy in your new higher priced home. If the market only increase 3-4% in the next year or two and your current home is worth $250,000 you will earn much less than if you buy that new home you want for $300,000. 4% of $250k is $10,000. 4% of $350K $14,000.

Right now is the time to find good deals in the Houston real estate market and while you might be thinking you need to wait for prices to come back before you sell don’t forget the house you want to move up to is also going to be higher in price.

For first time home buyers and those looking to move up now is the time to take advantage of a great market.

For more information about buying or selling your Houston home contact

Connie Vallone – Broker Associate First Market Realty    713 249 4177 or connie@knowsrealestate.com

http://members.har.com/Realtor-Agent-Rating/process/dispagentrating.cfm?member_number=579645  or http://www.houstonenergycorridorhomes.com

Why Your Real Estate Agent Should Know Mortgage Finance

 

If you are in the market to buy a home make no mistake a real estate professional that understands mortgage finance can save you from making costly mistakes.  Additionally they can help you find the right mortgage professional to help you with financing by referring good loan officers.  It’s risky shopping for a mortgage loan on the internet.  I have seen a lot of baiting and switching from internet lenders.  Make sure you are using a trustworthy mortgage professional.

After spending 20 plus years in mortgage finance in the Houston Real Estate market one of the first things I do with any new clients is to determine a few basic things they will need to qualify for a mortgage loan and then immediately refer them to a seasoned mortgage professional.    By immediately determining how much you qualify to purchase there is no wasted time looking for homes the you can not qualify to buy.  

This also saves you from potential heart-break of finding your “dream home” only to find out you don’t qualify to buy it.   By finding out before you begin your search how much you qualify to purchase you can set your upper limit before you ever go out to look.   If you start looking at $400,000. homes and then find out you qualify up to $200,000. that $200,000 home is going look like any ugly duckling compared to the more expensive homes.  

So when you decide to purchase a home and start interviewing Houston Real Estate agents find out if they can help you in determining how much you can afford and refer you to a good reputable mortgage professional. 

Connie Vallone  - Broker Associate First Market Realty  member of Houston Association of Realtors , Texas Association of Realtors and National Association of Realtors

713 249 4177  or connie@knowsrealestate.com

www.vallonehomes.com or  www.houstonenergycorridorhomes.com  

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Save the Forest in Terry Hershey Park !

The City of Houston and Harris County are planning to BULLDOZE the forest around Terry Hershey Park !!! This beautiful natural home to many of our cities resident squirrels, snakes,rabbits, possums and many more plus all the beautiful trees have to be saved.  There are alternatives to destroying this beautiful park !!!!!

Please visit http://www.briarforestsn.org/main.cfm?link=182 -save our forest for more information and to sign a petition.

City of Houston Public Works & Engineering (PWE) plans to rip out the forest and build six detention basins along the southern banks of Buffalo Bayou.

The project is fully funded by the City of Houston and will move forward when approved by Harris County.

Learn about PWE, its plans, the interrelationship with Harris County, why it is doing what it is doing to our forest, why what it is doing is not necessary, and find out what you can do about it.

Connie Vallone , First Market Realty www.houstonenergycorridorhomes.com  or http://www.vallonehomes.com

Forest around Terry Hershey Park

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