Real Estate Solutions of Texas | Perspective

The Woodlands Rental Market June 2009 Stats

2009-07-26T09:40:00.001-05:00

How is the rental market in The Woodlands? A common question asked of me by investors and owners of residential lease property. Let's take a look at Lease Sales Statistics of The Woodlands Rental Market for June 2009.The charts below focused on single family homes and town homes/condos leased during June 1 to June 30 2009. Properties were grouped by number of bedrooms (2 or more) and sub-grouped

$8000 Tax Credit and More Down Payment Assistance. What it means to a Buyer

2009-07-23T20:50:00.001-05:00

When I bought my first house in 2001, I didn't have a clue on how to go about it. I sure didn't know of any government funds I could use to help make my down payment or pay closing costs. Maybe there were, but neither I or my Realtor knew about them. So I did what any good young adult would do, asked Mom! (jk. but Im sure she would have helped!)Today the first time home buyer (or buyer who has

The Woodlands Rental Market. Quarter 2 Stats

2008-07-01T07:39:00.001-05:00

How is the rental market in The Woodlands? A common question asked of me by investors. Let's take a look at Lease Sales Statistics of The Woodlands Rental Market for Quarter 2, 2008.The charts below focused on single family homes leased during April 1 to June 30 2008. Homes were grouped by number of bedrooms (3 or more) and sub-grouped by the year the home was built. Data used was provided by

Buying Real Estate? Use a Buyers Agent.

2008-05-11T06:55:00.001-05:00

I work with a lot of buyers and investors. There is a common misconception I find amoung new Buyers/investors and some seasoned ones, that I would like to address. Buying real estate without the use of a Buyers Agent does not mean you will receive a discount on the home. And here is why:A seller enters into a Listing Agreement with a Broker to sell their property. A price is set and a sales

Ranks of Apartment Dwellers Increase Dramatically

2008-03-09T08:27:00.001-05:00

More than one million households joined the ranks of renters in the last two years, according to a new report by the National Multi Housing Council, a Washington-based group representing the multifamily rental housing industry.View Original Article

Short Sales Tax Burden No More

2007-12-21T08:50:00.000-06:00

Daily Real Estate News | December 21, 2007President Signs Mortgage Tax Relief Bill Into LawPresident George W. Bush signed legislation into law on Thursday that will ease the tax burden for home owners who have had debt forgiven on a mortgage due to a foreclosure, short sale, or deed in lieu of foreclosure. The bill — Mortgage Forgiveness Debt Relief Act — has been supported by NAR since

Sales Statistics

2007-03-05T21:56:00.000-06:00

Below is an analysis of homes that sold in the last 6 months and homes that are on the Market. The same criteria was used as before: 77382, 2 or 3 BR, < 1800 sf A - 3 Properties Found SqFt Beds FB HB LP/SqFt List Price SP/SqFt Sale Price SP/LP % DOM Min 1656

The Woodlands Rental Market

2007-03-05T13:12:00.000-06:00

Below is a basic analysis of the Market Rents and DOM for The Woodlands. This is broken down by zip code, #brs and square foot ranges. A little about how the Woodlands was built will help you understand these numbers better: The Woodlands started in Zip code 77380, the first Village was Grogan’s Mill. Panther Creek was the next village. It lies in zip code 77381.

Where to Invest? What to Buy?

2007-02-17T20:11:00.000-06:00

A question I am often asked from investors new to our market is, Where would you recommend investing? If only there were an easy answer to that question. The answer is an open ended one: It all depends... Most people I deal with are investing in residential property, so we will tackle this area and leave the commercial properties out of it.To answer that question, you need to know what your

Spring Investment Properties

2007-01-22T23:13:00.000-06:00

I made a three hour tour of some foreclosure in Spring today. The homes need work, but are in good rental areas. Larger homes. 4br bring in $1000+. Rent them on Section 8 in get $1100 and up. Check out the Spring TX homes in this blog

Conroe Investment Properties

2007-01-20T22:21:00.000-06:00

I went out looking for some new properties today in the Conroe city limits. I found three that looked interesting. All three are on the east side of Conroe, within the 336 loop. Two are just a mile or so from I-45. You can check them out in a new blog I started for the Conroe area. http://txrexconroe.blogspot.com/

Mortgage Indexes: CMT, Treasury Bill, MTA, COSI, COFI, LIBOR, CODI, CD, Prime Rate

2006-12-06T21:47:00.000-06:00

Good site to retrieve the latest indexes for non-traditional mortgages. We use the MTA Option ARMS often (see previous post).Mortgage Indexes: CMT, Treasury Bill, MTA, COSI, COFI, LIBOR, CODI, CD, Prime Rate

Financing Real Estate with an Option ARM

2006-11-30T05:04:00.000-06:00

When I first started investing in real estate, I was like many other newbies, clueless to how important financing is to a real estate deal. When I bought a property, I would invest 10% of the purchase price plus closing costs and finance the other 90% with a 30 year fixed, traditional principle and interest note. I thought this was a great strategy for conserving my limited capital. It was

Debt To Income Ratio

2006-09-15T21:49:00.000-05:00

DTI or Debt To Income Ratio. This is one formula an investor needs to master if they want to generate unlimited wealth buying real estate with bank financing. What is it? Well Wikipedia defines it as:Debt-to-income ratio is the percentage of a consumer's monthly gross income that goes toward paying debts. It is usually expressed as two numbers. The first number indicates the percentage of

Houston Real Estate Is Still Strong

2006-08-23T01:07:00.000-05:00

HOUSTON (Houston Association of Realtors) – July real estate sales in the greater Houston region dipped slightly from June’s $1.9 billion but continued their streak of new monthly records. Total property sales for the month totaled 7,975, a 3.3 percent increase over July 2005. Properties sold reached a total of nearly $1.6 billion, a 10.3 percent increase compared to last year’s more than $1.4

New Pricing Structure Announced!

2006-07-17T19:28:00.000-05:00

We have implemented a new pricing structure for our clients. Our Ala Carte Solutions were created to give buyers and sellers a choice in how a property is marketed, purchased, and sold. At Real Estate Solutions of Texas we realize the change in buyers and sellers level of sophistication and have positioned ourselves as a provider of ala carte Real Estate Solutions. We leave

The Woodlands Market is on Fire!

2006-06-11T19:12:00.000-05:00

Properties are selling in a matter of hours. Available inventory is 3 months. New homes are selling faster than the builders can contruct them. The Woodlands housing market is on fire!Here are the statistics on The Woodlands available inventory by zipcode and price range:Price RangeProperty TypeMonths InventoryNumber ActiveAverage PriceZip code 77380:Under $200,000Single Family3.968

HOUSTON INDUSTRIAL: FOURTH IN NATION

2006-05-03T19:00:00.000-05:00

HOUSTON INDUSTRIAL: FOURTH IN NATIONHOUSTON (Grubb & Ellis) – Grubb & Ellis ranks Houston fourth in the nation for industrial real estate in 2006. According to Ariel Guerrero of Grubb & Ellis, Houston’s industrial vacancy rate is expected to fall to 5.6 percent by the end of 2006, compared with 6.1 percent at the end of 2005.The Port of Houston is attracting retailers, manufacturers and logistic

HOUSTON HOME MARKET KEEPS AGENTS HOPPING

2006-05-03T18:57:00.000-05:00

HOUSTON HOME MARKET KEEPS AGENTS HOPPINGHOUSTON (bizjournals.com) – Last month’s home sales set a record for the month of March, according to the Houston Association of Realtors Multiple Listing Service data. Total property sales came to 8,015 or 22.4 percent more than last March. It was the third-highest month for single-family home sales in Houston.The median single-family home price was

Invest in Houston Real Estate

2006-05-03T18:22:00.000-05:00

The real estate market in and around the Houston Texas area is heating up. The monthly inventory of homes for sale has been trending downward at at rapid pace. In Montgomery County, the number of months of inventory has dropped 24% from last year. A downward trend in inventory is an indicator of a real estate market heating up. Prices for homes in Houston, and Texas in general, are relatively

To be successful investing in Real Estate you need to:

2006-05-03T13:35:00.000-05:00

1. Education. Get Educated. Take classes. Join a local Investment Club. Read books on Real Estate Investing.2. Learn from Success. Find a Mentor or Agent that can provide hands on education in Real Estate Investing.3. Cash Flow is King. Buy properties that make money on the day you close.4. Make a Business Decision. Leave your emotions out of your decisions. Base your decision on verifiable facts