Best Parks and Playgrounds in Bryan-College Station

As temperatures begin to drop and the leaves on the trees start to change colors and fall, it’s the perfect time of year to visit the parks of Bryan-College Station. Whether you like to go to the park yourself to read a book or feed the birds or whether you prefer to take the whole family, there are beautiful parks to choose from. These parks can be ideal for weekend plans or even a place to stop after school.

Bee Creek Park

Bee Creek Park is great for any age. If you’re a single professional and you like a place to jog or hike, Bee Creek Park has paved walking paths as well as more natural trails following a peaceful stream. There’s a playground for kids, as well as a water fountain that runs during the summer. Here you can bike or sit on a bench and catch up on homework. You may even spy rabbits and birds while you’re there. Bee Creek Park is easy to reach, and their walking trails stretch all the way to Lemontree Park.

Veterans Park and Athletic Complex

Looking for something a little more athletic? At Veterans Park, you’ll find a baseball or softball field as well as a soccer field. It’s a great place to watch amateur soccer or find a little league team for your kid. There are also walking trails for those who like to get in their workout while exploring nature. But that’s not all Veterans Park has to offer. There’s also a pavilion to stop and eat lunch and a playground for the kids. As the name indicates, you’ll find many veteran memorials scattered throughout the park, including World War II memorials and Vietnam War memorials.

Lemontree Park

Lemontree park is an ideal friendly, neighborhood sort of park. It’s calm and quiet, full of greenery, and connects easily to Bee Creek Park. However, you can be sure the kids won’t be bored, either. There’s a baseball diamond and a basketball court for sports enthusiasts young and old. There’s a small playground for little ones, as well. With so much nature around, Lemontree Park looks especially beautiful as the leaves start to change in the fall.

Lick Creek Park

This park is a jogger’s ideal. There are over 4.5 miles of trails, going through wooded areas and over bridges as well as through the main green of the park. You’ll get a mixture of elevation changes, hills and valleys, running through Lick Creek Park, as well as passing by quiet neighborhoods in College Station. You can also see wildlife like rabbits, birds, deer, and even frogs. Birders in particular love this park because of the wide variety of species that gather here.

These are just a few of the parks that Bryan-College Station has to offer. If you’re moving here for the first time, talk to your College Station realtor about neighborhoods and homes close to the right parks, whether for the family or simply for a morning run.

House for Sale in College Station

Sarah Miller, your RE/MAX realtor bryan-college station can help you discover a lot of great tips for making a profitable sale of your home. Call Sarah Miller at 979-255-1904 for your real estate needs in Bryan-College Station and the entire Brazos Valley! Sarah Miller, Associate RE/MAX BRYAN COLLEGE STATION 3030 University Dr East Ste 100, College Station, TX 77845 License #: 500065

4 Transportation Considerations For Your New Home

When most people are looking for a new home, they focus on things like price, home style and the type of home loan that they can get. While these are all very important considerations, it's also critical to take a close look at the location of the new home. Not only is it important to make sure that your new home is in a great neighborhood, it also needs to be in a good position in regards to transportation.

Whether you drive yourself to work or take public transportation, you need to be fully aware of the transportation options in a potential new home. You can ask your realtor in College Station, TX all about these considerations to get the answers that you need to make an informed purchase decision. Here are four of the things to ask your realtor if you're wondering about transportation at a new home.

1. What Is The Work Commute Like?

Let your realtor know where you work and what your schedule is like so that they can tell you about convenient routes to your workplace. Make sure to ask them about common traffic conditions and rush hour traffic if you will have to take a busy freeway or highway as part of your commute. You'll also want to know about the traffic conditions in your new neighborhood at the times you typically go to and come home from work.

If your realtor isn't sure about these traffic conditions, take a day off and drive through the neighborhood early in the morning and later in the evening to see what traffic is like at these times.

2. Is The Area Served By Public Transit?

If you regularly use public transportation, it's a good idea to ask your College Station realtor to find out if your new home will be conveniently located near public bus stops. Perhaps you are a one-car family but you are planning to look for a new job or have a child. If that's the case, then public transit can be a huge asset to you.

Even if you regularly drive, checking on public transportation is still a good idea. You never know when you might have a bout of car trouble and need to grab a public bus to make it to work on time.

3. Is The Home In A School Bus District?

If you have children or if you are planning to have them soon, you need to make sure that your new home is in the right school bus service area for the school district you want your child to attend. If you have your eye on a certain school district, the fact that your child can catch a bus to school is a big bonus for a particular address.

4. Is Walking Feasible?

Sometimes transportation isn't just about buses and cars. For example, you may want to know if your new neighborhood has light traffic to enable you to take a walk. You may also be interested to find out if the new home is within walking distance of useful places, such as parks or convenience stores.

Your realtor in College Station, TX can help you find out if a particular home will meet your transportation needs. 

Creating The Perfect Fall Outdoor Décor

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Fall is a time many people enjoy because it is a transition between hot weather and cold weather that can be very refreshing. Decorating the outside of one’s house, a backyard, porch or patio in fall décor can be a fun and relaxing thing to do. Here are some tips on how to create the perfect outdoor décor for the fall season.

When decorating outside for the fall you will want to think about the color and texture of the décor items you use. Keeping symmetry in mind will also help you create the perfect fall outdoor décor. Be mindful of how your décor will look both up close and at a distance. This way anyone who passes by your house will see your outdoor décor as well as you will see it from the comfort of your own home. One of the easiest things to do is choose a beautiful fall wreath to put on your front door. Hanging baskets hung on your porch can also make for lovely fall décor. You can even take potted flowers and use them as an outdoor centerpiece on a deck or patio. As long as you use some creativity and plants that bloom in the fall you will be able to create a beautiful style for the outside of your home.

Decorating for the fall is especially important if you have recently bought a new home in Bryan College Station, Texas or anywhere throughout Central Texas. 

Featured Homes for Sale in College Station

Your RE/MAX realtor bryan-college station, Sarah Miller, can help you discover a lot of great tips for making a profitable and fast sell on your house.  She is one of the RE/MAX Bryan-College Station realtors that has a long list of the finest homes for sale in  BryanCollege Station, Call her today at 979-255-1904.

Great Tips on Meeting Your New Neighbors

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Moving in to a new neighborhood may be a bit stressful and intimidating for some.  However, if you have recently purchased a new home in Bryan College Station, you can easily meet your new neighbors with a few easy tips.

Many neighborhoods in the Central Texas area have groups or organizations where the people from the community get together and talk about things that are relevant in the neighborhood.

Even if you are having a housewarming party, consider also hosting a neighborhood cocktail party.  If you don’t have time to throw an entire party, consider a cocktail hour.  This can be something as simple as relaxing with your new neighbors on your front porch.  It is a great way to bond with your neighbors.

Central Texas has beautiful weather so why not head outside.  If you are outside doing yard work or landscaping, neighbors may walk over and introduce themselves.  Also, you can head out for a walk around your neighborhood.  On a nice day, you are sure to see people out and about. 

The front porch of your home is a great way to meet new folks in your area.  Set out some rocking chairs and sit out there with your coffee after breakfast on a weekend or a cocktail after dinner.  People are usually out walking their dogs or walking with their kids on weekends and in the evening enjoying the cool night air. 

Another great way to meet your neighbors is to go where the action is.  Whether your town has a community center or town pool, there are bound to be folks there. You love your dream home in your ideal neighborhood, why not make new friends and really settle into your new life. 

Featured Homes for Sale in Bryan, TX

Your local RE/Max realtor bryan-college station, Sarah Miller can help you discover a lot great tips for making a profitable and fast sell of your house.

Home Maintenance Tips : Basic Household Practices

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Home sales in Central Texas are on the rise and with that, more and more people are moving to the area as the job market is also recovering. Although selling homes in Bryan College Station is getting easier over the last few years, a few inside maintenance tips will keep your listings looking fresh and attractive to buyers.

Don’t forget the housekeeping: It seems like there’s more dust in the south than anywhere else and it gets on everything. A simple cleaning of surfaces will give potential buyers the best impression. Don’t forget the cobwebs in the upper corners or the window sills which often make the house look like it’s been on the market longer than it actually has.

Keep light bulbs refreshed: I know this seems silly but buyers love to turn on lights in almost every room they enter. While on the subject of lighting, outdated lighting fixtures can be easily replaced with standard fixtures that are cheap and give a standard look.

Replace anything that may be broken: From single floor tiles to plumbing fixtures, it can be easy to find a few broken things around the house. This means that unfortunately your potential clients will find them too. Replacing a bathroom faucet or a broken floor tile is not only cheap and easy; it can pay dividends with better sales.

Most home maintenance tasks are pretty easy and if performed regularly will add value and fetch a better sale price for any listing not to mention the good impression it gives potential clients.

Featured Homes in Bryan,Texas

Your  RE/MAX realtor bryan tx, Sarah Miller, can help you discover a lot of great tips for making a profitable and fast sell on your house.  She is one of the RE/MAX Bryan-College Station realtors that has a long list of the finest homes for sale in  BryanCollege Station, Call her today at 979-255-1904.

Finding A Qualified Home Inspector

As you should already know, a home inspection is a key part of the real estate process. Of course, your home inspection is only as good as your home inspector. 

Finding a Qualified Home Inspector

If you are considering buying a property, you absolutely must get a home inspection. What most people don’t realize, however, is it can also be valuable to retain one before you sell a property to identify any problems before your accept an offer. Fixing such problems before hand makes a lot more sense than panicking in the middle of escrow.

Regardless of your particular position in the real estate process, the home inspection is only as good as the inspector. Frankly, some inspectors are less than credible when it comes to qualifications and their background. To bypass these individuals, the following organizations should be used as a resource. 

The American Society of Home Inspectors, Inc. is located in Des Plaines, Illinois. Known as ASHI, it was founded in 1976 to create a resource and quality control atmosphere for home inspections. You can get referrals to ASHI inspectors in your area by contacting the Society at 800-743-ASHI. In doing so, you will avoid hacks calling themselves inspectors. 

The National Association of Certified Home Inspectors is another credible organization. Located in Valley Forge, Pennsylvania, the Association maintains both a code of ethics and strict standards of practice for its members. With over 9,000 members in North America, you can find an inspector in your area by calling 1-877 FIND-INS.

Another organization that stands out in the home inspection industry is the National Association of Home Inspectors, Inc. Located in Minneapolis, Minnesota, the organization also requires members to abide by strict practice standards and a code of ethics, which should be comforting to you. You can contact it to find a home inspector in your area by calling 800-448-3942.

The old cliché is garbage in, garbage out. By using a credible home inspector, you can put this cliché out of your mind.

Sarah Miller offers real estate services in Bryan-College Station Real Estate. She is one of the RE/MAX Bryan-College Station realtors that has a long list of the finest real properties bryan tx, that any intending settler or buyer can choose from.

Concrete Homes - Your Fortress in a Natural Disaster

If the area you lived in was subject to earthquakes, insect infestation and wildfires, and you could live in a type of housing that could withstand all those perils, why wouldn't you? Concrete homes have an amazing resistance to all of the above and are commonly used in Florida and other hurricane ridden locations, but their popularity hasn't spread to the west coast. 

Due to their unique construction, a number of homes have survived the wildfires in California. Pat Callahan owns a concrete house outside Escondido that only suffered smoke damage during the October Witch Creek fire. Although the vinyl windows were melted, the house remained standing. 

Another success story was that of Lorraine Aledort and her 5,500 square-foot concrete house near Ramona. The upgrades in her home included:

Concrete roof tiles, glued-down to resist high winds.

Interior fire sprinklers (now a local building requirement).

Oversized wood beams to withstand exposure to heat longer than their smaller counterparts.

An emergency power generator.

A 10,000-gallon water tank to be used in a fire emergency. 

Commercial grade aluminum windows with extra thick tempered glass.

Exterior walls were one foot in thickness including reinforcing steel placed in the concrete forms for protection against earthquake damage. 

After spending 3 1/2 years building their home, Lorraine and her husband had only lived there a few weeks when the wildfires struck. The landscape was blackened, but the house withstood only minor smoke damage. The cost of building compared to a comparable wood home was about twenty percent higher; Lorraine considers this money well spent 

Structural engineer, George Easton describes concrete construction similar to assembling Lego blocks. "The “blocks” are polystyrene forms, called insulated concrete forms, into which the concrete is poured. The forms then are left in place to serve as insulation and the backing for stucco on the exterior or drywall on the interior."

The walls can provide up to an R-50 energy rating and require approximately 44 percent less energy to heat and 32 percent less energy to cool compared to a traditional wood home. 

If concrete houses are so effective against natural disasters, why aren't they widely used? Part of the problem is the lack of knowledge in the building industry regarding concrete construction. Even though concrete construction has national code approval, there are many inspectors with little knowledge of how to inspect the structures. 

Many builders feel that the future of widespread concrete housing requires a dominant player in the building industry to come forward and say "we can do this", and others will follow suit.

·         Sarah Miller offers real estate services in Bryan-College Station Real Estate. She is one of the RE/MAX Bryan-College Station realtors that has a long list of the finest real properties bryan tx, that any intending settler or buyer can choose from.

 

How to Invest in Superior Condominiums

Condo or condominium is a housing option that looks like an apartment complex. Condo ownership lets the owner to own the condo only not the land. Condo owners have to pay monthly fee for maintaining common areas. 

Generally the association of property owners manages condominiums. Owners of condominium can do anything inside the their unit but not the outside. You’ve to clear all related points that what you can do or not inside the condominium at the time of signing the contract. You should check that whether it satisfies your requirements or not. 

Condominium buying is just like purchasing single-family homes. Condominium offers a joint ownership of real estate and partners can use common recreational areas. Condo buying is the cheaper option as compared to real estate market. It offers great living opportunity in United States. It is the great option for the people who travel a lot. Several owners of real property offer condos with kitchens and private bedroom that enables residents of condominium to cook their food. They can save money by cooking their meal own. 

Condo buying offers ownership without maintenance harassment, repairs and security concerns. Condos are usually luxurious and cheap housing options and you can spend your holidays at beautiful locations. Before any type of purchase check parking spaces, bathrooms, fireplace, condos’ area, amenities such as pool, health club etc, area costs, and security arrangement.

Condos’ buying is an important financial investment. Before purchasing unique condominium answer yourself for some general questions like:

Which area of the city is best suitable to your lifestyle?

What type of condo do you want? 

How much you can pay for it?

How do you make purchase of condominium?

You should research for the builders’ reputation on Internet or personally before any type of agreement. Read purchase and sale agreement carefully and check all terms and conditions that will apply on the transaction. Be sure about all details of condo homeowner association that includes costs of monthly maintenance fee. The decision of buying condo should be based on social, legal and financial understanding. You should check whether the property is right for you and your family for a long period. Important documents such as the declaration, operating budget, management agreement and regulatory agreement should be reviewed at the time of buying a condominium. 

Condo buying is not the best option for all. People who don’t want to share certain areas, like pool etc, with other condos owner should go for single home ownership instead of condominium. Sometimes total price of condo is lower than single-unit home. Condos’ residents should be aware of condominium settings. They can share their problems in monthly meeting with the association. It is compulsory to attend meetings and discussions. You should be active in community events while living in condominium. 

You can talk to several professionals online to get all useful information about a particular area. They will provide significant information to make an easy condo buying. You should make your condos buying with complete understanding and awareness.

·         Sarah Miller offers real estate services in Bryan-College Station Real Estate. She is one of the RE/MAX Bryan-College Station realtors that has a long list of the finest real properties bryan tx, that any intending settler or buyer can choose from.

 

Creative Financing - Ten Ways

Do all the creative financing techniques you hear about really work? Yes, actually. They probably have all worked somewhere for someone at least once. The point isn't if they will all work for you. The point is to know what is possible, so you can find your own creative ways to invest in real estate. Here are ten methods to get you thinking.

 1. Hard money lenders. You can ask around or find these online. They specialize in short-term loans at high interest. You typically use this type of financing for a "fix and flip." You can often get the money fast, and if you make $30,000 on a project, who cares if you paid $10,000 interest in six months.

 2. No-doc and low-doc loans. No (or low) documentation of your income or credit required. Again, you can find banks that do these online now. The catch is that you will only be able to borrow up to 80% of the purchase price or property value. If you have 10% in cash, you might be able to borrow the other 10% from a friend or the seller.

 3. Seller-carried second mortgages. Sometimes a bank will loan you 90%, and allow the seller to take back a second mortgage from you for 5%, leaving you needing only 5% for a downpayment.

 4. Land contract. Called "contract for sale" or other names as well, this just means the seller lets you make payments, and delivers the title upon payment in full. I sold a rental this way for $1,000 down, because I wanted the 9% interest, and the higher price I got this way.

 5. Credit cards. If a seller will take $10,000 down on a fixer-upper that you expect to make $20,000 on, why not use credit cards? This is a true 0-down deal for you, and if you turn the project in six months, you will have paid $900 in interest on an 18% credit card. Don't let $900 get in the way of making $20,000.

 6. Retirement accounts. The laws get pretty complex in this area, but you can check with a tax attorney to see how you might borrow from your own retirement account to finance real estate investments.

 7. Friends and family. Keep it all business, if you use this source, but loaning you money at 7% isn't a gift if their money is getting 2% in the bank.

 8. Note buyers. The seller needs cash. He raises the price, and sells to you for $100,000 with no money down, taking back two mortgages from you for $90,000 and $10,000. He arranged (or you did) for a note buyer to pay him $80,000 cash for the first mortgage at closing, getting him the cash he wanted. You pay two payments now, one to each note holder.

 9. Get a loan on other property. Interestingly, if you take out a home equity loan for a vacation, and then forget to use it for that, you can use it for the downpayment on an investment  property, without violating the rules of the bank that gives you the primary mortgage. In other words, you got in with no cash of your own.

 10. Partnerships. For bigger projects, you could arrange for five investors to each put money into a partnership, with your share being the management responsibility instead of cash.

·         Sarah Miller offers real estate services in Bryan-College Station Real Estate. She is one of the RE/MAX Bryan-College Station realtors that has a long list of the finest real properties bryan tx, that any intending settler or buyer can choose from.

Coinciding Settlements Clauses - Funding Issues

People who are selling their home in order to buy another frequently put a "coinciding settlements" clause into their contract offer on the new home. The purpose of this is usually twofold. In this article, we discuss the first purpose which is to use funds from the old home to pay for the new one. 

How Coinciding Settlements Work

A coinciding settlement clause usually says something along the lines of "settlement under this contract is contingent upon the settlement of the contract for the sale of the Purchaser's property located at 1234 Spring Valley Drive..." It typically goes on to state the maximum number of days this settlement can be delayed by delays on the other settlement. It also usually says what will happen if the other contract becomes void. (Usually "this" contracts becomes void, too, but that doesn't have to be the case if there's another source of funds.)

The settlements don't literally happen at the same time as the name implies. They can be back-to-back in the same office. They can be a day (or even days) apart in offices in different states. Very often it's necessary for the settlement agent for the first settlement to wire transfer funds directly to the banking account of the settlement agent for the second settlement. This is usually a smooth, seamless procedure. 

A Word to the Wise Seller

Coinciding settlements usually work well for the purpose of providing funds as outlined above. The one problem that crops up from time to time occurs when the first sale falls apart for some reason. The most frequent reason the first sale falls apart (when it does) is that the buyer is unable to get his loan. Because of this, some sellers insist that coinciding settlement clauses include language giving them permission to check with the lender for the first buyer. Making sure the first buyer is qualified for the necessary loan is good business. Don't feel awkward about it. 

Coinciding settlement is a common fact in the current real estate market. Use the above technique to avoid problems with your real estate transactions.

Sarah Miller offers real estate services in Bryan-College Station Real Estate. She is one of the RE/MAX Bryan-College Station realtors that has a long list of the finest real properties bryan tx, that any intending settler or buyer can choose from.

Tips On Making Money In Real Estate Today

If you are looking to get rich quick in the real estate market today, you are headed for disappointment.  The real estate market took a nosedive last year and has reached rock bottom.  Residential foreclosures are at an all time high and continue to grow. 

This does not mean that real estate investing is a poor idea.  To the contrary, now is the perfect time to invest in real estate.  Although the market is bad for sellers, it is excellent for buyers.  On top of that, the mortgage interest rates are lower than ever.  It is hard to imagine a better time than now to invest in real estate. 

Some tips on investing in real estate in the market today and how to make money are as follows:

Look for the long term investment.  Be prepared to hold onto the property for a few years until the market rebounds.

Look into renting property.  People always need a place to live.  You can rent your property to those who need a home and make money when you sell after the market regains its strength. 

Think about investing in commercial real estate.  Although residential markets are bad, the commercial market has remained stable.  You can invest in property such as strip malls and office buildings and still make money. 

Consider investing in vacant land.  Look for property in areas that are undeveloped.  You may find in a 10 years that your property is worth 10 times more than what it is today.  Think of the people who owned farmland in Orlando.  The property is now worth thousands of times more than original asking price.

Do not panic. This should be rule number one.  If you own a home, do not panic and sell.  This is how you lose money in real estate.  Hold onto your property and ride out the storm.  The market always rebounds. 

Consider new construction.  If you are able to act as a general contractor and build a home, there is money to be made.  New construction is always desired by most people as they like to be the first to live in a home.  If you are in the trades, consider building your own home.

Buy foreclosures.  Look at foreclosures that are on the market and that are owned by banks and mortgage lenders.  Put in a bid and do not be afraid to bid low.  There are thousands of foreclosures across the market, even in upscale neighborhoods.  This is where you can make some serious money if you buy low, hold onto the property for a while, and sell high.

Buying low and selling high is how you make a profit in any business and is no different in the real estate market.  The current market, however, does not make it possible to sell high.  There are more homes on the market than there are buyers.  Many of the buyers that are out there are foreign investors who can spot the opportunity of purchasing property in the United States at bargain basement rates.  Although this is not the market to sell high, it is definitely the market to buy low. 

 

6 Reasons Why You Should Buy Real Estate In December

December and New Year's Day give you the perfect occasion to buy real estate. Not only can you pick up a bargain property from a motivated seller, you can save on your purchase expenses. 

1.  Home shoppers put off looking for a home because of holiday decorating, shopping, and parties. Plus, the cold weather makes home buyers prefer to stay home; they wait for warm weather to buy real estate. Get the edge with little competition from other buyers. 

2.  Home sellers who didn't sell during the recent buying frenzy are worried that their home will not sell. Any seller offering their home for sale during the holiday season is motivated. 

3.  Real estate agents need to keep their momentum going and can't afford to take too much time off. When the agents aren't as busy, you get better service. Plus, they're more likely to take low offers seriously. Agents love investors ready to buy real estate during December. 

4.  Interest rates continue to creep up. Who knows what the rates will rise to next year? 

5.  Lenders threaten to tighten up qualifications next year. Last summer, loan officers were able to get through almost any loan. Today is your best shot to buy real estate and get a great rate with the easiest qualifications. 

6.  Appraisers need work. Too many individuals became real estate appraisers when there was too much work. It used to take a week or more to schedule an appraisal. We just ordered an appraisal and the appraiser wanted to come out the same afternoon! Also, appraisal fees cost less today than last month. 

Clear some time from your busy holiday schedule and go find a bargain house. Make many offers. You won't get this break for another year.

 Sarah Miller offers real estate services in Bryan-College Station Real Estate. She is one of the RE/MAX Bryan-College Station realtors that has a long list of the finest real properties bryan tx, that any intending settler or buyer can choose from.

5 Useful Tips In Buying A House

Buying a house is a very serious matter that comes in to people’s lives. It is very risky to invest your money in buying just any house you find. You must have some guidelines that can help you decide which house is the best for you. Here are some: 

1.         Determine your rights 

When you are ready to buy your own house, be sure you understand your rights as a homebuyer. Knowing the process of buying a house prevents you from getting scammed. You can personally do your home work or seek for a knowledgeable person like a real estate agent or a broker. Make sure that the agent you hire is licensed and have a wide knowledge regarding the area. 

2.         Make sure you can afford it 

Your budget is really a big deal in buying your own house. What you want is different from what you need, so be practical. You don’t really need a big house if you’re just one person that travels everyday, right? Make sure that you make the best for your money. Seek help or ask for suggestions especially for those who have knowledge in real estate prices. If you can’t stay for at least a year, buying a house is inappropriate for you. You may save a whole lot more of money if you sell it urgently. 

3.         Make sure it fits your lifestyle 

Make your house a home. Be sure it really fits your way of life and you are comfortable with it. A good example of this is if you’re working in an office, a good place to find is near or in the vicinity of your office. If you love nature, a good place to find is outside the city with clean air, near parks, has a mountain view or near at the beach. Your personality really matters in finding a good house. Make sure to look at its suburbs first and try to gather some information about the area and its surroundings. Try also to consider the kind of neighbors you will have. 

4.         Consider your future plan 

If you’re newly married, you might to consider how many kids you want to have. You can assume the number of rooms or the home space you need. If you can afford a house that is near to a good school, it is better. School districts are more important to home buyers, therefore, it will increase your property values. 

5.         Be organized 

It is very important to make your document files organized and safe. Because it will prove that you own the house. It will help you a lot especially when it comes in paying your house payments (taxes and amortization).

Sarah Miller offers real estate services in Bryan-College Station Real Estate. She is one of the RE/MAX Bryan-College Station realtors that has a long list of the finest real properties bryan tx, that any intending settler or buyer can choose from.

5 Major Reasons Why You Should Buy A Home Instead Of Rent

There are times when it is better for a person to rent, but most often home ownership has many more benefits and advantages.  

About 10 years ago I had a retired aunt and uncle who rented a condo in Las Vegas. Uncle Jim (not his real name) was a retired minister. Throughout his career he and his wife lived in parsonages, which are homes furnished by the congregation while they ministered there.  

He and his wife told me that the biggest mistake they ever made was not to invest in buying a home.  In their retirement years, when their other retired friends were living in homes that were almost paid off and had appreciated greatly, Uncle Jim and his wife were using a huge portion of their limited retirement money to make expensive condo rent payments. They strongly cautioned me not to make the same mistake they had. 

Recent studies are showing that there are many benefits for both the owners and the community for owning your own home, including increased education for children, lower teen-age pregnancy rate and a higher lifetime annual income for children. Besides these, listed below are some of the primary advantages for owning your own house. 

1) More Stable Housing Costs

Rent payments can be unpredictable and typically rise each year, but most mortgage payments remain unchanged for the entire loan period. If the taxes go up, the increase is usually gradual. This stable housing cost especially important in times of inflation, when renters lose money and owners make money. 

2) Tax Savings

Homeowners can be eligible for significant tax savings because you can deduct mortgage interest and property taxes from your federal income tax, as well as many states' income taxes. This can be a considerable amount of money at first, because the first few years of mortgage payments are made up mostly of interest and taxes. 

3) Debt Consolidation

If you need to, you can refinance a mortgage loan to consolidate other debts (an opportunity you don't have if you are renting.) And the interest on this is also tax deductable. 

4) Equity

Instead of payments disappearing into someone else’s pocket, home owners are building equity in their own home. This is often one of a person's biggest investment assets.  Each year that you own the home you pay more toward the principal, which is money you will get back when the home sells. It is like having a scheduled savings account that grows faster the longer you have it. If the property appreciates, and generally it does, it is like money in your pocket. And you are the one who gets to take advantage of that, not the landlord. You can then use this equity to plan for future goals like your child's education or your retirement. 

5) It is yours!

When you own a home you are in control. You the freedom to decorate it and landscape it any way you wish. You can have a pet or two. No one can pop in and inspect your home and threaten to evict you. 

Even young people, like college students out on their own, can often benefit from home ownership. It puts them ahead of other young people their age financially by helping with their credit and giving them what is often an excellent investment. Often a college student buying a home will rent the rooms out, and his or her roommates end up making the payments for the house. When the student is ready to move on, her or she can sell the home (hopefully making a profit) or keep it as an investment and continue to rent it. 

Buying a home is an important decision. It is often the largest purchase a person makes in his or her life. Home ownership also comes with some increased responsibilities, and isn't for everyone. There are some disadvantages to homeownership that you should take into account. 

1) Increased Expenses

Your monthly expenses may increase, depending on your situation. Even if the monthly payments are the same, home owners still have to pay property taxes, all the utilities, and all the maintenance and upkeep costs for the home.  Often you need to supply appliances that were furnished with a rental. 

2) Decreased Freedom of Mobility

Homeowners can't move as easily as a renter who just has to give notice to the landlord. Selling a house can be a complex and time consuming process.  

3) Risk of Depreciation

In some areas with overinflated prices, there may be a risk that the house will depreciate instead of increase in value, if the prices go down. If you then sell the house, you may not get enough money from the home to pay back your mortgage, and you will still owe the mortgage company money. 

4) Possibility of Foreclosure

If for some reason you are unable to make your payments, you risk having the lender foreclose on your property. This can result in the loss of your home, any equity you have earned, and the loss of your good credit rating. 

When considering home ownership, you need to weight the advantages and disadvantages for yourself.  If you are like most people, you will find that homeownership is worth the risks and disadvantages.

Sarah Miller offers real estate services in Bryan-College Station Real Estate. She is one of the RE/MAX Bryan-College Station realtors that has a long list of the finest real properties bryan tx, that any intending settler or buyer can choose from.

 

 

Budget For Closing Costs – Loan Origination Fees And PMI

Once you reach an agreement on the purchase of a home, things start moving quickly. In the chaos, it is important to remember to budget for closing costs. 

Budget for Closing Costs – Loan Origination Fees and PMI

Closing costs are fees associated with miscellaneous events associated with a home purchase, things such as property inspections. Even if you are purchasing a home for the first time, you are probably aware there are closing costs that have to be paid. Rarely, however, are you aware of just home much and how fast the can accumulate. If you have not budgeted for them, they can put a kink in the closing or even cause you to lose the home. 

A couple of closing costs to keep in mind are origination fees for home loans and private mortgage insurance. The mortgage related costs are only a small part of the overall closing costs you can face, but deserve a closer look.

Origination fees for home loans can be a shock to first time buyers. Few realize they are going to have to pay such things. Origination fees are costs charged by a lender for services used to determine if the lender should give you a loan in the first place. For example, a lender will charge you fees for obtaining a copy of your credit report, having an appraisal done for the property. Infuriatingly, the lender will also charge you fees for processing the loan and preparing the loan documents. You may also have to pay points, which represent a percentage of the total loan, often one or two percent. On a $300,000 loan, the origination fees can quickly add up to thousands of dollars. 

Private mortgage insurance, often called PMI, can also be a nasty little surprise. The magic number when considering PMI is 20 percent. If you make a down payment on the home that is less than this amount, you are almost certainly going to have to pay PMI. PMI is simply insurance that protects the lender should you default on the loan. The cost can add up to hundreds of dollars, so make sure you know what is expected of you. 

Closing costs are aggravating, particularly when you feel like you are being nickel and dimed to death. Budget for them up front, and you will feel less aggravation.

Sarah Miller offers real estate services in Bryan-College Station Real Estate. She is one of the RE/MAX Bryan-College Station realtors that has a long list of the finest real properties bryan tx, that any intending settler or buyer can choose from.

 

 

 

 

 

Budget For Closing Costs – Home Inspection And Title Fees

Purchasing a home is a euphoric event. Once escrow begins, the euphoria can change to frustration, particularly if you are not ready for the closing costs that quickly accumulate. 

Budget for Closing Costs – Home Inspection and Title Fees

Closing costs simply refer to the fees associated with various things associated with the escrow process in a real estate transaction. In the excitement of having an offer accepted for your dream home, you can easily lose track of the fact you are going to need to have some serious cash on hand to pay them. Many people make the mistake of only assuming they need the down payment money, and have to rush around town trying to come up with money for the closing fees. 

If you are buying a home, you need to get a professional home inspection. Doing so can reveal potential problems with the home that you wouldn’t otherwise notice. Problems can include things such as rot, termites, water leaks and a bevy of other issues. The time to do this is during escrow. Of course, that means you are also going to have to pay for the inspection. Depending on the size of the property, home inspections can run a few hundred dollars up to a few thousand. Make sure you have money set aside for the fees. 

Title insurance is something you absolutely must purchase when you buy any real property, a home, building, land or whatever. Title insurance protects both you and your lender. Title insurance is just what it sounds like. A title company will research the title of the home and essentially guarantee that the title is good. This means the seller actually owns the title and has the right to sell it to you. The title company will also make sure there aren’t any liens on the homes or other things that will cause you problems. Depending on the price of the home, title insurance can run you a couple of hundred dollars or up into the thousands. Again, it is important to find out the cost and budget for it.

Title insurance and a home inspection are two things you should absolutely have when purchasing a home. Just make sure you budget for them.

Sarah Miller offers real estate services in Bryan-College Station Real Estate. She is one of the RE/MAX Bryan-College Station realtors that has a long list of the finest real properties bryan tx, that any intending settler or buyer can choose from.

 

 

 

 

Before You Buy Your Apartment Complex…

Purchasing an apartment complex as an investment is a fantastic way to watch an asset single handedly generate thousands, even hundreds of thousands of dollars in a very short amount of time!

A popular investment strategy, especially for new investors, is to purchase a more run down, mismanaged apartment complex at high cap rates. The cap rate, or capitalization rate, is found by dividing the Net Operating Income by the Purchase Price. Properties that are low performing often sell their apartments at a higher cap rate because there is more of a risk associated with them.

These properties are in need of many changes in order to become a commercial property that is working at its maximum potential.

Before you purchase a large commercial apartment complex, you need to get certain information. This information is crucial to your assessment and evaluation of the property.

There are two states you need to understand regarding the property, the state it is in currently, and the state it will be in after you fix all the major problems.

When you first find or are introduced to a property, be sure to ask for the income and expense statements. A lot can be told from analyzing the numbers that are reported on a monthy, quarterly or yearly basis. You can even use them to see how the property has performed over time. You will be able to see gross rents, expenses, net operating income, and all the items in which income and expense fall under such as refrigerator rentals and pool maintenance, respectively. Use this tool as a way to project future income after raising rents, filling the vacancies, transferring all costs to the tenants, and making the community an overall enjoyable place to live.

You must know how many units are in the complex, and what condition they are in. You can see what condition they are in by checking a certain percentage of the total units and assume that most are in that condition. However, it is always better to check all the units so you know exactly what condition the apartments are in. This could be a basis for lowering the asking price if the units are in far worse condition than you originally thought.

The vacancy factor is an important one. When a property has many vacancies, like 20% and above, it is not performing well. If you can fill these vacancies, then your ability to turn the property around is much greater! You must view all working leases, and ask the current tenants to sign a paper to verify the leases that you were given by the owner or working manager. You would be surprised how many owners may try to decrease their vacancy factor by false leases, just to make their property more enticing. However, if you are fixing the property up, then the larger the vacancy, the more opportunity you have to increase value and find a profit!

In order to evaluate this property, you must divide the asking price by the number of units and see what the price is per unit. You can use this to compare other similar complexes in the area. You also want to know what they are charging as rent, and what type of leases the tenants have. If the rents are below market rents, then you have the ability to increase value there. If your tenants have a full service, or net-net lease, then you have an opportunity to change it to a triple net lease, where the tenants pay taxes, insurance and utilities. You can literally pass all the costs of running the apartment to the tenants. After all, they are the ones using the facilities. 

I am sure you can see the themes here. You want to identify areas where you can either increase or create value that was not there before. Be sure to get all the facts and numbers verified before you purchase your great investment. Be prepared to do some work to turn the place around. However, it will definitely pay off shortly when you use some simple tool, like increasing the rent and painting the exterior, making it a community where people want to live!

 Sarah Miller offers real estate services in Bryan-College Station Real Estate. She is one of the RE/MAX Bryan-College Station realtors that has a long list of the finest real properties bryan tx, that any intending settler or buyer can choose from.

 

Avoid Legal Battles Over Broker Commissions

Commissione agreements that spell out how brokers are paid typically use form documents.  The commission formula sometimes changes, but the terms and conditions usually stay the same.  Consequently standard terms and conditions of commission agreements are often ignored by brokers and owners once the agreement is signed.  Since the broker’s income is tied to the terms of those agreements, close attention to details are vital to all parties involved.
Recent lawsuits stemming from disputes over broker commissions reveal tough lessons about the importance of paying close attention to commission agreements.
A building owner in Detroit was forced to pay a commission because the original agreement did not contain an expiration or termination date.  The building owner argued that there are a number of key terms understood and agreed to prior to signing the agreement that were not contained in the final written agreement.  The judge overruled this argument stating that the contract was clear as written.
Judges and juries are not real estate professionals.  The term “procuring cause” may have a standard definition in the real estate business, but mean nothing to a juror.  All parties involved must make sure the language is clear.  A judge or jury will not rewrite a contract to save either party from a bad business decision.
Even after a favorable commission contract is successfully negotiated and written, it’s not OK to simply file it away.  Either party cannot claim they forgot about the agreement.
The lesson here is to carefully note important terms and conditions, especially those that relate to performance, compensation, and termination.
Legal disputes are not unique to any location.  Judges and juries nationwide are showing resistance to insert terms into commission contracts or allow parties to ignore the terms of a contract.  Recently there’s been an increase in the number of disputes.  Some have settled out of court, yet a fair number have gone to litigation.  This can be reversed through the efforts of brokers and owners who invest more time and effort putting together agreements and abiding by them. This is the best method of prevention.

Sarah Miller offers real estate services in Bryan-College Station Real Estate. She is one of the RE/MAX Bryan-College Station realtors that has a long list of the finest real properties bryan tx, that any intending settler or buyer can choose from.

Real Estate Scams - Conditioning

The conditioning process adopted by some agents is one reason for the bad reputation that real estate agents have in Australia. Conditioning has become part of the real estate market because many agents lie to property owners about the value of their property.
The Process
When valuing a property some real estate agents will quote a value in excess of the property’s true value in the belief that the owners will list their property with the agent that gives them the highest valuation.
A typical Australian real estate agent’s selling agreement will tie the property owner to that agent for 90-120 days. If the property is sold during this period the agent will earn their commission whatever the sale price.
Having secured the listing by over quoting the property’s value the agent knows that they must get the owner to accept a lower price for a sale to occur.
The conditioning process begins. The agent will ensure that plenty of "buyers" come to view the property; this activity is often interpreted by property owners as the agents earning their commission. However many of these buyers will have budgets below the asking price of the property, some may not even be buyers at all but friends of the agent!
The agent will start pointing out all the negative aspects of the home, talk of the market not being as strong as it was and giving feedback that the market feels that the property is over priced.
If the property owner elects to sell via auction the conditioning pressures are massively increased on auction day. Often the owner will be pressured into putting the property "on the market" despite the bidding being below the reserve price previously advised. Agents will claim that by putting the property on the market interested parties will raise their bids or even start bidding if they have not previously shown any interest. The logic for this argument is difficult to follow but one thing is certain, by putting the property on the market the real estate agent will get their commission
It is far easier for a real estate agent to persuade a vendor to accept a lower price than to extract a higher price from a buyer. The agent only has one party to focus on in the vendor but may have many buyers to try and convince. Through the listing agreement the vendor is tied to the real estate agent. Agents can treat vendors appallingly and the vendor has no option but to stay with that agent until the selling agreement expires. A buyer on the other hand can walk away at anytime.
The agent is typically entitled to their commission if the property is sold during the period of the sales agreement even if they have never met the purchaser. If the owner finds a buyer through their personal network the agent will still get their commission.
Unfortunately many agents who should be working for the vendor are in fact working for themselves.
 Conditioning damages the value of your property
The conditioning process is not just stressful but can damage the value of your property.
Initially many vendors are reluctant to lower their asking price from the valuation that the agent provided to secure the listing. If after a period of time the property has not sold the owner may agree to lower the asking price.
But by now the property will have become stale. Buyers will know that the property has been around for a while without selling and will wonder what might be wrong. The property will have earned the reputation of being a lemon and the vendors may need to accept a price lower than the property’s true value in order to make a sale.
Commission does not guarantee agents will work to achieve higher prices
Many real estate agents will claim that the commission system means that the agent’s goal and the vendor’s goal are aligned as a higher sale price results in more commission for the agent. Simple mathematics and common sense show that this is often not the case.
Assuming a typical commission rate of 3% an agent who works hard to achieve and extra $10,000 for the vendor will earn an extra $300 commission. Yes this is an incentive for the agent to get a higher price but there is a risk that by pushing for the higher price they may lose the sale altogether and no sale means no commission.
It is better for the agent to sell the property at a lower price and move on to the next property than to invest the time in trying to achieve a higher price for the vendor.
For the vendor however the extra $10,000 is well worth the effort! The rate of return that the vendor receives for this extra effort is even more apparent when we consider the amount as an increase on equity rather than as an increase on the value of the property. Given that many homeowners do not own their home outright but with the assistance of a mortgage the repayment of the mortgage will reduce their proceeds from the sale.
For example a couple may be looking to sell their $300,000 property on which they owe $250,000 to their mortgage company. The equity that the couple have in the property is $50,000. If the property is sold for $10,000 less than it’s true value the couple’s equity has been reduced by 20%.
Poor performance from a financial adviser that reduced your investment return by 20% would be seen as unacceptable, but all too often real estate agents are able to get away with this kind of activity.
How to avoid being conditioned
By choosing to sell your home privately and having your property valued by a professional valuer you avoid the stress of conditioning.
Professional valuers have no incentive to inflate the value of your property as they earn an agreed fee irrespective of the valuation that they place on the property.

1.       Sarah Miller offers real estate services in Bryan-College Station Real Estate. She is one of the RE/MAX Bryan-College Station realtors that has a long list of the finest real properties bryan tx, that any intending settler or buyer can choose from.

Real Estate Research By Talking

Real estate research might start with a look at the U.S. Census information about a town. It can include inspections of specific properties, too. There are many statical tools and information that can help, but don't forget one of the easiest and most useful research tools: talking. Let me explain with a true story.
My wife and I were on vacation, and stopped in Farmington, New Mexico for a few days. We were about to buy a house for a winter project. The plan was to fix it up and sell it in the spring for a profit.
Just prior to making an offer, we took a last walk-through. As the owner showed me around, my wife started to talk to the woman who was renting the home. She told Ana that half of the outlets in the home didn't work, as well as other useful information.
This got me thinking, and I went down to the basement for a second look at the wiring. Not only did the house likely need all new wiring, but I found a garden hose attached to a natural gas line. The owner shrugged and said, "You can just cut that off."
To this day, I don't know what that was about, but for these and other reasons, we didn't buy the house. It helps to talk to anyone you can when looking at a house or other real estate investment. Neighbors and renters are especially helpful.
Real Estate Research - Choosing a City
Talking to a lot of people isn't just useful for information on individual properties. It is also a great way to research a town. I once called the  Chamber of Commerce of Deming, New Mexico. The chairman's casually commented that the city was using up the water faster than the aquifer was being replenished. They had no back-up plan. This was enough for us to cross Deming off our list.
If you want to know about a town, use the phone first. Find any excuse to call anyone from a real estate agent to a random resident. Ask about crime, whether the local government welcomes new businesses, what the climate is like. Have houses been sitting for sale for a long time, or do they go fast? What are the good and bad things about the town?
Before we moved to Tucson, Arizona, part of our real estate research was to call people in potential towns to see if they owned a snow shovel. If so, we crossed the town off the list. Two places can both get 45 inches of snow per year, but in some it stays all winter, and in others it melts before noon. The snow shovel question told us the truth behind the statistics.
Once you're in a town, a good local bar can be a great place to do your research. After a beer, patrons will tell you what big employers are about to move in or out of the town, how fast homes are selling, whether there are gangs, and much more. Talking to people is a good way to do real estate research, but verify what you hear. People do sometimes exaggerate.

1.       Sarah Miller offers real estate services in Bryan-College Station Real Estate. She is one of the RE/MAX Bryan-College Station realtors that has a long list of the finest real properties bryan tx, that any intending settler or buyer can choose from.