eBook Chapter 7. Buying Your Katy-Cinco Ranch-Richmond Area Home for the Best Price. Mortgages.rtgages


Buying Your
Katy-Cinco-Ranch-Richmond Area Home
For The Best
Price!
Chapter 7
Fred Miller, Realtor serving Katy, Cinco Ranch, Pecan Grove, Richmond, Westpark Tollway, Fulshear. www.RichmondKatyHomes.com
Mortgages:
We Can Crunch The Numbers For You, If You Like!
Are you "math phobic"? Would you rather do ANYTHING than sit down with a calculator and a bunch of financials?
We can do this for you. We work with several good lenders who do this for a living every day. Some basic information regarding your income and monthly bills are necessary to calculate your debt service ratio. You will also have to divulge you credit rating. You can talk about this in general, but it is best to run a credit report on you and your spouse.
It is always a good idea to get fully PRE-APPROVED for a mortgage before you start looking seriously at homes--wishing to purchase within the next three months. If you are planning to buy soon, it is time to sit down with a professional and get all of this work done up front.
Pre-Qualify - vs - Pre-Approval
Pre-Qualifying is a process performed by a lender to determine:
a) how much you can afford to buy, and
b) which loan options work best for you.
Pre-Approval is a loan commitment from the lender for the exact dollar amount of loan you will be granted, pending the selection of your dream house.
It is like having cash in your hand when you make an offer. Some sellers require a letter of approval before considering an offer, and will call the lender to verify.
Pre-Approval Process
The lending company will review and verify the following:
The maximum loan amount the Loan Officer is requesting.
Your credit report and your credit score.
The amount of your income and your cash in the bank.
After careful review, the lender will provide a written loan commitment.
A pre-approval letter is worth it's weight in gold!
It will allow your agent to tell the Seller: "Take my client's offer seriously." It says "My client has the financial capacity to close this deal!"
Down Payment
VA (Veteran's Administration) loans require no down payment.
FHA loans require a 3.5% down payment from either personal funds or a gift from a family member or "grants program". FHA is more lenient on credit scores, and the loan is government backed. Seller can pay up to 6% of the sales price for buyer's closing costs.
Conventional loans require 5% to 10% down payment and is influenced by your credit score. You may get the seller to contribute toward down payment and closing costs. This varies from lender to lender, so if cash down payment is a problem, the lender must know in order to help you. Even let the lender know if you plan to get a gift from a relative for a down payment.
Your Interest Rate
Your credit score will determine which loan programs will be available to you. FHA requires a credit score of 580 or more depending upon additinal factors. FHA can be more lenient since you have to put 3.5% down. Your interest rate also will be influenced by:
FICO score
What Bernacke had for breakfast….
Amount of Down Payment
Debt to Income Ratio
Term of the Loan
Qualifying For A Mortgage Loan
Qualifying For The Loan, or proving to the lender that you are a good credit risk.
Background Information: The parent lender employs an Underwriter who reviews the proposed loan to make sure that it can be sold on the Secondary Mortgage Market.
Credit Factors Considered
Your Credit History
Your ability to repay debt obligations.
Your willingness to repay debt obligations in a timely manner
If you have not bought much on credit, you should be proud of yourself. On the other hand you have not established credit, or enough credit. When this happens even one or two bad things on your credit report can destroy your credit because there is nothing to "counter" this effect. Buy some things on credit, then pay them off rapidly. This will leave you with "lines of credit" that look good and they cost you very little. Just be disciplined.
Your Income
Your house payment is not to exceed 33% to 55% of your gross income
What is your house or rental payment now?
What will be your new house payment?
The smaller the increase, the more favorable to the lender
Your current debts
What is your current debt load? What is your "debt to income" ratio?
(Lender restriction: spend no more than 33% to 55% of your income on debt service. FHA, VA may allow up to 45%)

*****************************************************************************************************************************
We try to operate by referral from clients. We strive to provide such great service that our clients will recommend us to friends, co-workers, family and acquaintances--over and over.
How do you benefit from this philosophy? Our business depends on giving you such top-notch service that you will sing our praises to anyone you know who is looking for a Realtor. Most of our business is referred to us by past clients. If we don't maintain our high standards and ensure that referrals keep coming our way, most of our business will disappear. The health of our business depends upon our quality of service! Clients benefit from this because we devote more time to their needs instead of spending lots of time and money looking for new customers (the conventional approach).
Many realtors do business as though they will never see you or hear from you again. This mind set can lead to shoddy service because the realtor just wants to close a deal and move on to the next deal. These realtors don't build trust with their clients and are afraid of losing them, so they push their customers into decisions that may not be in their best interest just to get the deal done. They rely on advertising to constantly bring them a steady stream of new customers.
We view our relationship with our clients as a long-term association; we regularly stay in touch with them. We prefer to get to know the people we work with because it creates such a rich and personally rewarding work and personal life for us.
The more we know our clients the better we can serve them. Many times we have counseled clients not to buy a particular property because of a too high price, poor location or condition. We strive to tell the truth, then live with the consequences. We have found most people prefer us to work this way in the long run.
Why are we willing to wait so patiently? We are in this business to stay--good times and bad. Whether you buy now or in a few months or years from now makes no difference to us. We want you to proceed at a pace that is comfortable to you. If you can always count on us for unbiased, professional advice and learn to trust and respect us, then you are more likely to recommend us to other people who are as nice as you are. Once again it all comes full circle.
.
The information contained in this site is the opinion of Fred Miller and does express any policy or opinion of Re/Max International, Rd/Max of Texas or Remax Plantation.
Fred Miller, Re/Max Plantation, FredMiller9@gmail.com , www.RichmondKatyHomes.com, Office receptionist: 281/342-2288 Cell 281/924-2531Blog eBook Chapter 7 . Mortgages
Posted by at No comments:

eBook Chapter 6. Buing Your Katy-Cinco Ranch-Richmond Area Home for the Best Price. The Purchase Contract.The Purchase Contract


Buying Your
Katy-Cinco Ranch-Richmond Area Home
For The Best
Price!
Chapter 6
Fred Miller, Realtor serving Katy, Cinco Ranch, Pecan Grove, Richmond,Westpark Tollway, Fulshear www.RichmondKatyHomes.com
What Clauses You Might See In Your Purchase Contract For Your New Home
Just so you will know what to expect below are a few of the primary clauses that will be in your Residential Contract (Resale). Each clause may be different for each person to some degree. Unless an attorney is employed all agents use the contract promulgated by the Texas Real Estate Commission.
Paragraph 3 shows the amount of cash to be paid at closing, the amount to be financed and the total sales price.
Paragraph 4 and the Third Party Financing Condition Addendum spells out the financing conditions under which you are willing to purchase. That is, the contract is subject to your being able to obtain financing under these minimum conditions; if these conditions are not met you can cancel the contract and get your Earnest Money back.
"Third Party Financing: One or more third party mortgage loans in the total amount of $____. If the Property does not satisfy the lender's underwriting requirements for the loan, this contract will terminate and the earnest money will be refunded to Buyer"
"Buyer shall apply promptly for all financing described below and make every reasonable effort to obtain financing approval."
"Conventional Financing: A first mortgage loan in the principal amount of $_____ due in full in ____years with interest not to exceed__ per annum for the first _____years of the loan with Loan Fees not to exceed___% of the loan. The loan will be with? or without? PMI."
Paragraph 9. "The closing of the sale will be on or before _________, or within 7 days after objections to matters disclosed in the Commitment or by the survey have been cured, whichever date is later."
Paragraph 13." Taxes for the current year, interest, maintenance fees, assessments, dues and rents will be prorated through the Closing Date."
This is the option clause.
Paragraph 23. "Termination Option. This paragraph will be a part of this contract only if both blanks are filled in and Buyer has paid the Option Fee. Buyer has paid Seller $_____(Option Fee) for the unrestricted right to terminate this contact by giving notice of termination to Seller within _____ days after the effective date of this contract. If Buyer gives notice within the time specified, The Option Fee will not be refunded, however, any earnest money will be refunded to the Buyer. The Option fee will be credited to the Sales Price at closing. For purposes of this paragraph, time is of the essence; strict compliance with the time for performance stated herein is required."
Please note that the Option Fee is paid up front. You have the right to get out of the contract for any reason and not lose your earnest money, losing only the option money. If the contract goes into full effect, your option money will be applied to the purchase. Strict compliance with the time period is in effect; this is "make up your mind during the specified period". You are paying this person for the right to "tie up" his property for 5 to 14 days.
( Nothing in the this article is meant to give legal advice. Real estate licensees con not give legal advice. If you have legal questions concerning real estate or contracts please consult an attorney. The above definitions are different from the strict legal definitions, but are given in the hope of making the concepts more understandable to the initiated.)

Call us for a free copy of an earnest money contract and financing addendum at 281/762-2213

How To Beat The Stock Market
Until recently I had an analysis here showing how home values beat stock market performance. The most important message here is that investment, like charity, begins at home. Our market has been flat or down a little since the latter part of 2007. Foreclosure resales are an influence on the bottom part of our market at present. When the bubble of foreclosures is past, the market should increase. On the upper end of the market new home prices have lowered over this same time period causing downward pressure on the market. New home sales have not been brisk during this same time period. When the market catches up and credit becomes more available, new homes should go up in price as compared to used. All of this said--if you buy a home or if you own a home and do not have to sell, I predict that a time will come when your home will increase in value most years in the greater Houston area. Our economy is good and it is steadily beating the rest of the nation. I suspect that most people who had a stock portfolio at the end of 2007 have suffered more loss in stock value than they have on the value of their home.
*******************************************************************************************************************
Save Time And Money By Sitting Down With Your Realtor For A Buyer Consultation BEFORE You See Any Homes!
No one likes to waste time, but many purchasers do. Their Realtor didn't take time to sit down with them to teach them about the home-buying process and to find out in great detail about their ideal home. That is what a Buyer Consultation is all about.
Because we have taught many home-buyer seminars and have years of experience we enjoy teaching people about the whole home-buying process and to learn what each buyer's "Ideal Home" would look like. Isn't an hour of your time well spent when you plan to spend many thousands of dollars to make such a major investment?
During a Buyer Consultation with us we will cover:
  • An overall review of the home-buying process
  • We will discuss your time-line for buying
  • We will tell you how we operate
  • We will ask you to address this most important question of exactly what is important to you regarding this purchase
  • We will review the mortgage process, determine where you are in regard to qualifying and getting approved
  • We will discuss the amount of money you will need
Earnest Money and Option Money
Cash you will need for inspections, appraisal, closing costs
  • We will discuss how offers are presented and counter offer procedures
Our goal is to make you into a very informed purchaser who will feel confident when the time comes to sign an offer to purchase your new home!
At the consultation you will also discuss signing an agreement form to hire us as your Buyer's Agent which allows us to perform top quality service and all of our resources and experience to help you find the home of your dreams. BUT, don't worry! If at any time you are not completely satisfied with our service we write in an "easy exit" clause for you allowing you to cancel your contract at any time.
At last we will sit with you and make a detailed list of features that you want in your new home, then we will start a computer search of the Multiple Listing Service to bring up homes that fill your needs.
It is important to get started off right!
The information contained in this site is the opinion of Fred Miller and does express any policy or opinion of Re/Max International, Rd/Max of Texas or Remax Plantation.
Fred Miller, Re/Max Plantation, FredMiller9@gmail.com , RichmondKatyHomes.com, Office receptionist: 281/342-2288 Cell Phone 281/924-2531
eBook: Chapter 6 Contracts
Posted by at No comments:

eBook Chapter 5 Buying Your Katy Cinco Ranch Richmond Area Home for the Best Price. How much can I afford to pay each month.


Buying Your
Katy Cinco Ranch Richmond Area Home
For The Best
Price!
Fred, Miller, Realtor serving Katy, Cinco Ranch, Pecan Grove, Richmond, Westpark Tollway, Fulshear. www.RichmondKatyHomes.com
Chapter 5
How much can I afford to pay each month?
Without question, the most important question on most people's minds when they think about buying is "how much will it cost" and "how much can I realistically afford to pay on a monthly basis".
Start by making a personal budget specific to your needs and assets. No two families live the same way and no two people budget the same way either. Two families with identical incomes will not necessarily want to spend the same amount of money for a home, just as they wouldn't necessarily choose the same house. Personal priorities and individual needs differ. You need to examine how much you are currently paying for housing, then decide if you are willing and able to pay for the same amount or more for something that you will own.
It is important to be honest with yourself.
If you want a home that is a little higher priced, it may put a strain on your budget and you may have to change your lifestyle to adapt. An average family should not spend more than 30% to 40% of its gross income on housing. A typical guideline is 32% (gross debt service is the annual mortgage principal, interest and taxes divided by your annual gross income).
And there are other house related expenses as well: utilities-water, sewer, electricity, natural gas, and insurance. These expenses may be between $200 and $450 per month. Maintenance and remodeling are expenses also. If you are purchasing a condominium, the monthly maintenance fee must be added as well. These expenses may run higher for larger square footages and older homes and lower for smaller, newer ones. If you are married consider what will happen if you lose one income. Do you have disability insurance?
The No Down Payment Option Is Gone
You need some money for earnest money, inspections, appraisals up front and you may need some money for down payment and closing costs. There are ways around a lot of the expense if you have even moderately good credit. If you want a house and do not have bad credit there is no reason that you should not own a house.
Seller can pay for 3% to 6% more of your closing costs. This is legal and must be cleared with the lender because certain loans have certain limits. It depends upon individual loan programs. It is best right now to ask your lender.
Lenders seem to be fascinated with the FICO score. If you have good credit, then they are more lienient in other ways. If you have good credit you do not have to have a lot of money at closing.
Grant's Programs
What Does A Grant Program Do?
It allows a buyer to obtain money for down payment and closing costs as a gift. The grant funds DO NOT have to be repaid by the buyer, but there are conditions. Usually the buyer must find a house that will appraise for the purchase amount plus the grant amount. Frequently the buyer must fit into a certain lower income bracket, or be a first time home buyer, or be a school teacher, or the house must be in a certain geographical area, or other conditions.
What are the Negatives?
1. You must satisfy the granting institution, as well as, the primary lender. This requires double paperwork and processing which may delay the closing date. (Some lenders, sellers and realtors will not participate.)
2. Frequently the buyer must stay in the house for a period of years before all of the "grant debt" is forgiven. With these factors in mind, you may want to try for a grant. These programs come and go, that is, sometimes money is available and sometimes not. Contact us if you are interested and I will see if one is available to you in the geographical area where you would like to live.
Thoughts on Choosing a Neighbohood
Drive or walk slowly through the streets. That's the only successful way to canvass a neighborhood, preferably after work or on Saturday morning or Saturday or Sunday afternoon. More people are home at these times. You can see their cars, they will be tending their lawns, the children will be playing.
What, exactly, defines "a neighborhood"? It may be a grouping of houses around a physical landmark, such as a park, marina, valley, or hill. It can be as small as one block or large enough to surround a fashionable shopping area.
When you start looking for a neighborhood, think about what you want in terms of proximity to people and goods and services. Do you want to be close enough to stores so that you can get there on foot or bicycle? Do you want a closely knit community where everybody knows everybody else, or a more impersonal place? A huge apartment house can be a neighborhood all by itself, where you nod to people in the elevators for years without ever knowing their names.
Drive around and investigate neighborhoods in the car, then get out and walk around those that really interest you. You learn a lot on foot! Ideally, you shouldn't tackle more than three neighborhoods in one day, because no matter how good an observer you are, communities will start to blend together in your mind.
If you see a "For Sale by Owner" sign as you walk, look at the house on the inside if possible. If you see a place under renovation, stop and speak to the contractor. Or if you notice an ad about a neighborhood block association meeting or a house tour, take advantage of it. You want to educate yourself as much as possible about the community before you even begin to think of buying there. It's like marriage - you've got to know the man before you make the big decision.
What are you looking for as you scout around an area?
•Are yards well landscaped? Or are they filled with weeds? Are there broken-down cars and bikes in the yard? That's a sign of sloppy homeowners and lack of community concern.
•Are there vacant lots? Boarded-up stores? How long have they been that way? The neighborhood may be in a state of deterioration.
•Do children play in the streets? This could be good or bad. It might be a sign of a safe community, or it could indicate that there are no playgrounds or parks available. Cul-de-sacs or dead-end streets are very desirable for kids, since they mean no speeding traffic.
•Do you see older people as well as children outside? A sign of good balance in the population.
•Are the residential neighborhoods sprinkled with commercial establishments? Many homeowners like having a convenience store, a few boutiques, and some popular restaurants nearby. Of course, the encroachment of shopping malls or industry with large parking lots would be a different story.
•How close is the nearest highway? Do you hear a lot of traffic as you walk the streets? Is it safe for kids?
•How's the public transportation? Is it near enough to be convenient but distant enough not to be noisy?
•Are you too close to the airport or a railroad? An all-night disco? Noise could be a problem.
•Are there iron bars on all the windows? This sign is self-explanatory--who wants to live in a prison?
Make yourself a list of pros and cons. No one neighborhood will be perfect, but there will be some whose faults you can overlook because their positive qualities overcome their liabilities.
As an added precaution, do a double-check of the services available to the property you are considering. Ask specific questions of the proper authorities and accept only specified answers.
Day-Care, Preschool: Where are nearby day-care and preschool facilities ? What types of programs do they offer? Will there be a place for your child? Which days and what times are available? What are the costs?
Public Transportation: Is a bus or some other public transportation available? Where are bus stops located? How frequent is the service? Obtain a transportation map so you can determine the routes you may be using.
Recreational Facilities: Will you be allowed to use recreational facilities in the area? Are special memberships required? Where are parks located and what facilities do they have? Are the parks used by recreational organizations on specific days? Who takes care of park maintenance and security?
Hospital and Medical Services: Where is the nearest hospital? Are emergency medical facilities closer?
Police and Fire Protection: How available are police, fire and emergency services? Is the protection adequate? Will your home be protected by a neighborhood watch program?
Telephone Service: Will telephone service be available as soon as you move in? Will a private line be available? What other telephone services are available?
Internet Service: Do you need high speed internet?
Postal Service: Will mail be delivered to the front porch, to the front curb or to community mailboxes at the end of the road? Will mail be delivered daily? Where is the nearest facility to mail packages, buy stamps, etc.?
Street Maintenance and Parking: Are the roads properly maintained? Will it be your responsibility to maintain any part of the roads? What are the parking restrictions, weekdays, weekends and in emergencies? Can you park directly in front of your home?
Property Taxes: What are the property taxes now and what are they expected to be? Is a general tax increase expected?
New Construction: Is new construction planned that will change the appearance of the traffic flow through the neighborhood?
******************************************************************************************************
We try to operate by referral from clients. We strive to provide such great service that our clients will recommend us to friends, co-workers, family and acquaintances--over and over.
How do you benefit from this philosophy? Our business depends on giving you such top-notch service that you will sing our praises to anyone you know who is looking for a Realtor. Most of our business is referred to us by past clients. If we don't maintain our high standards and ensure that referrals keep coming our way, most of our business will disappear. The health of our business depends upon our quality of service! Clients benefit from this because we devote more time to their needs instead of spending lots of time and money looking for new customers (the conventional approach).
Most realtors, unfortunately, do business as though they will never see you or hear from you again. This mind set can lead to shoddy service because the realtor just wants to close a deal and move on to the next deal. These realtors don't build trust with their clients and are afraid of losing them, so they push their customers into decisions that may not be in their best interest just to get the deal done. They rely on advertising to constantly bring them a steady stream of new customers.
We view our relationship with our clients as a long-term association; we regularly stay in touch with them. We prefer to get to know the people we work with because it creates such a rich and personally rewarding work and personal life for us.
The more we know our clients the better we can serve them. Many times we have counseled clients not to buy a particular property because of a too high price, poor location or condition. We strive to tell the truth, then live with the consequences. We have found most people prefer us to work this way in the long run.
Why are we willing to wait so patiently? We are in this business to stay--good times and bad. Whether you buy now or in a few months or years from now makes no difference to us. We want you to proceed at a pace that is comfortable to you. If you can always count on us for unbiased, professional advice and learn to trust and respect us, then you are more likely to recommend us to other people who are as nice as you are. Once again it all comes full circle.
The information contained in this site is the opinion of Fred Miller and does express any policy or opinion of Re/Max International, Rd/Max of Texas or Remax Plantation.
Fred Miller, Re/Max Plantation, FredMiller9@gmail.com , www.RichmndKatyHomes.com , Office receptionist 281/342-2288 Cell 281/924-2531
Posted by at No comments:

eBook Chap 4. Buying Your Katy-Cinco Ranch-Richmond Area Home For The Best Price


Buying Your
Katy Cinco Ranch Richmond Area Home
For the BEST Price!
Fred, Miller, Realtor serving Katy, Cinco Ranch, Pecan Grove, Richmond, Westpark Tollway, Fulshear. www.RichmondKatyHomes.com
Chapter 4
I would like to hire a professional to evaluate the home before I buy it. What does an inspector do?
For your own safety, and to make sure you will not have any ugly surprises. You should use a professional home inspector. A home inspector will check a home's plumbing, heating, cooling and electrical systems. He will look at structural problems and check the roof for leaks. He will check out appliances and the water heater. You may need additional inspectors for swimming pools and hot tub inspections, termite inspections, followup air conditioning and heating inspection.
Usually we call the inspector after you have made the offer and while you are in the Option Period of the contract. This allows you to find out the worst and decide whether you want to go through with the purchase while you have very little invested. Also he may find some things that you will want to ask the seller to repair or make an allowance for repair.
The inspector's job is to make you aware of repairs that are needed or necessary. He does not comment on cosmetic problems such as worn carpet or old interior paint. He will not tell you whether he thinks the home is worth the money you are offering. An inspection adds to your information to help you to make a clear headed decision.
We know several inspectors that we feel are competent and will do a good job for you.
Should I be present during the home inspection?
It is not required, but it is very much to your advantage. Many inspectors like for you to be there so they can show any problems directly to you, as well as, in a written report. If you are present you will be able to clearly understand the inspection report and to know exactly which areas of the home need attention.
Plus you get the answers to many questions, tips for maintenance and a lot of general information that will help you when you move into your new home. Most important you will see the home through the eyes of an objective third party.
Inspection Checklist
Your professional home inspector will visually examine all parts of the house, both interior and exterior. The following are areas of the home that will be inspected and included in your written report:
  • Foundation and structure. Houston has lots of heavy clay soils that shrink when dry and expand when wet. This produces a lot of stress on foundations that may cause them to crack and separate. Proper drainage away from walls, proper ventilation and evidence of water seepage are important.
  • Exterior Siding, Windows and Doors. Also balconies and decks
  • Roof. Condition of roof and gutters and downspouts
  • Interior Plumbing, including hot water heater
  • Electrical service
  • Central air and heat
  • Interior walls, ceilings, floors, windows, doors, cabinets
  • Attic. Insulation and ventilation
  • Fireplace. Fireplaces can be a fire hazard structurally
  • Garage.
Are there any other inspections that should be made?
We suggest that you get a general home inspection first unless we see a specific problem. If there are problems noted by the inspector you may wish to follow up with an additional inspection such as air conditioner and heater and foundation. The seller may also wish to have an inspector of their own look at a problem that has been uncovered.
You should have a termite inspection done. We live in termite country. Insecticides that are currently used do not last a long time so every home is subject to infestation on a regular basis.
Pools and spas may require a specialized inspector.
When do I need to see about insurance?
Immediately upon submitting an offer, for two reasons. Insurance companies have been tracking claims on houses for years. The house in question may have had several claims and might be rated up because of this. Also if you have poor credit you may be rated up. Home insurance used to be taken for granted, but not any more. Policies and coverage and premiums vary widely from company to company. Get at least one bid during the "Option Period" and several before you buy. (Find out from the insurance agent if the house is "rated up" because of its history. You need to know how much money to add to your mortgage payment and "set aside" for property taxes. If you do not know any agents we have several that we can recommend.
Is there any way that I can protect myself against emergency repair bills?
Yes! Regular household insurance protects you from most major disasters. Flood insurance can protect you against damage from flooding the property from natural causes. Home Warranties offer protection to you against many potentially costs problems not covered by your homeowner's insurance. They cover many of the items that do not last as long as the bone structure of the house. They have become increasingly popular in recent years. You can frequently get the seller to pay for the premium for the first year. The reason--he would like to have a "done deal" and not have you come back to him because something broke. If we can get him to pay the premium for the first year this will give you an idea of whether you want to keep it or not.
Home Warranties
Home warranties cover lots of items in a house that must be replaced periodically. The warranty covers listed items only. You pay a service fee when you have a claim, frequently $50 to $60 for a Home Warranty designated service representative to look at the problem. If it is covered the Home Warranty pays for the item. Frequently covered items are:
Heating
Central Air Conditioning
Plumbing
Dishwasher
Garbage Disposal
Water Heater
Stoppages
Duct work
Electrical System
Range/oven/cooktop
Toilet Tanks & Bowls
Whirlpool Bath motor & pump assemblies
The cost is usually around $400 to $450 per year. Additional coverage may be added. You must read each Warranty to see the differences in what is covered by that particular company.
Frequently you can get the seller of the home to furnish the first year's warranty, so the seller does not have the liability.
Home Warranties should not be confused with Builder Home Warranties. Home warranties should not be looked at as the answer to all problems. (There aint no free lunch)
There is so much to remember..what do I have to do?
We will help you with most of these things and will keep in close contact with you during the process. We feel that is one good reason to hire an agent to help you. We have a team of specialists that work with us to provide you with all of the help you need. We can not know which house that you want, or if you will like it after you move in--only you know that. We can help you with all of the rest--we want to give you a limousine ride instead of a ride in an old taxi.
****************************************************************************************************************************
A "quiet revolution" took place a few years ago in Texas real estate and it can save home buyers thousands of dollars and a lot of worry.
Savvy home buyers are now hiring Buyer's Agents, Realtors who work exclusively on their behalf during a home purchase. Nothing new?
Think again. By law, unless your agent declares himself as a Buyer's Agent, all Realtors work on behalf of the Seller of the home. All Realtors--even the one showing you homes, listening to your housing dreams and financial fears--work for the best interests of the Seller.
The Texas Real Estate Commission has ordered Realtors to make this agency relationship perfectly clear to all home buyers and sellers, and they must sign a declaration that they are aware of these agency relationships. As a result of this forthright disclosure process, buyers now have two choices: they can retain a Realtor whose responsibility is to the Seller of the home, or they can hire a Buyer's Agent to work exclusively on their behalf.
How can a Realtor work well on your behalf if they don't know your full financial picture? If they don't know what you are willing to give up on your wish list? In short, how can a Realtor find your dream home if they don't know your dreams?
You can sign an agreement form with a Realtor that allows the Realtor to work on your behalf and to negotiate the best price for you. The Buyer becomes the client of the Realtor and the Realtor is compelled to disclose anything that he finds out about the Seller's situation to the Client. The best part is that most Buyer's Agents--including us--don't charge a special fee to their clients. Instead we get paid as a commission from the seller's realtor who gets his funds from the proceeds of the sale.
How do you hire a Buyer's Agent? It is easy, you sign a Buyer Agency Agreement with us for a given time period. We offer an "Easy Exit Clause". You can fire us at any time--no questions asked! If you would like to look at a copy of our agreement form, just give us a call or drop an e-mail.
Why not hire a knowledgeable realtor to protect your interests at no extra cost?
The information contained in this site is the opinion of Fred Miller and does express any policy or opinion of Re/Max International, Rd/Max of Texas or Remax Plantation.
Fred Miller, Re/Max Plantation, fredmiller9@gmail.com , www.RichmondKatyHomes.com Office receptionist: 281-342-2288 Cell 281/924-2531

Posted by at No comments:
Subscribe to: Posts (Atom)