It’s Time to Buy a House

Tags

, , , , , , , , , , , , , ,

I purchased my first home when I was in my early twenties, purchased my second home at the age of thirty, and my third home at the age of forty.  Every decade the market was much different from my previous home purchase experience.  Although, one thing remained constant – the fact that I did my research.  In every instance, I sought to make an informed decision about the housing market.  From housing trends, mortgage rates, to lenders reputations; I desired to be well-informed in every aspect of the market.

Aliana - trails

Houston’s housing market continues to be strong even though the energy industry has taken an economic hit.  Inventories are good for existing homes and builders are offering great incentives for new builds.  Mortgage rates varied this week in Houston, 30 year fixed is about 3.95% for FHA and 15 year fixed is about 3.99% for FHA (according to Mortgage Daily News 5/28/16).

There are many housing options in the Houston market today.  Whether you’re in a market for a single family home in an established neighborhood or a new build, a Realtor® can help you navigate the terrain.

For all your real estate needs.  Call Jewel Johnson (832) 800-4760.

Advertisements

Just Listed! Tomball $155,000

Tags

, , , , , , , , ,

 

 

 

Front House - small

 

WELCOME HOME!

11827 Skydale – Tomball, TX

Beautiful 2 story home near Hwy 249.  Situated in a cul-de-sac with a spacious back yard, kitchen has tiled backsplash, custom light fixtures & ceiling fans throughout.  Close to Willowbrook Mall, Shopping, Silverado IMAX Theatre and other entertainment venues.  Welcome Home! Contact Jewel Johnson, Agent – Champions Real Estate Group 832-800-4760.

 

Renting vs Buying a Home

Tags

, , , , , , , , , ,

Renting vs Buying a Home

Source – Yahoo Finance by Mandi Woodruff

According to an article by Mandi Woodruff with Yahoo Finance, “the cost of renting and buying varies so widely across the U.S., you have to take reports like these with a healthy dose of salt. In some metro areas, like San Antonio and Phoenix, it’s actually much cheaper to buy a home than rent.”

mortgage jumbo

But the reality is that the cost of renting across the country is on the rise, straining the budgets of many renters. In the largest 25 metro areas in the U.S., rents increased by 5.5% in 2013, eating up more than 40% of the average renter’s household income, according to Trulia. Most financial experts recommend spending less than one-third of income on housing.

“Once [rent] is over 30%, that’s when you start getting into the danger zone financially,” says Helen Stephens, a certified financial planner in Dallas. “And the problem when you’re renting is that you may be in a lease for a year, and at the end of that year your landlord has the right to raise the rent on you.”

For renters who aspire to own a home one day, the biggest hurdle they’ll face is mastering cash flow — ensuring that the money coming in can not only cover their bills, but also leave them with wiggle room to save. Unfortunately, today’s renters have a lot less capital to work with than existing homeowners. According to FINRA, 74% of renters earn less than $50,000 a year, vs. 60% of homeowners who earn more than $50,000.

From Rent to Mortgage

Another challenge facing prospective homebuyers: the daunting down payment — typically 20% of the homes purchase price. And Stephens advises her clients to build up an emergency maintenance fund of at least a few thousand dollars in case any unexpected repairs are needed once they’ve moved in.

As for the best place to save for a down payment, Stephens recommends a regular bank account. Banks are offering paltry interest rates on savings now, but it’s a wiser option than investing it in the stock market, she says.

“I don’t believe in investing money in the market that you’re going to need for the short term,” she says. “I know it may not earn much [interest] in a bank but it is secure and it’s for a very targeted expense.”

Preparing financially isn’t the only step to homeownership. Buying a house is a complex, long-term endeavor that requires a lot of mental prep work. In a FINRA survey of more than 25,000 homeowners and renters, 40% of renters answered a basic question about 15-year and 30-year mortgages incorrectly, compared to just 19% of homeowners.
“No one should buy a home if they can’t understand basic finance,” says Ilyce Glink, author of “100 Questions Every First-time Home Buyer Should Ask”. “The quick way to bankruptcy is to buy a house you can’t afford, get locked into mortgage payments, real estate tax bills, and maintenance and upkeep expenses.”

Glink has written dozens of articles available for free with tips for first-time homebuyers. But even she recognizes that homeownership isn’t for everyone. Sometimes, renting just makes more sense.

family

“Choose renting if you don’t know where you’re going to want to live in five years, if your employment situation isn’t stable, and if you can’t currently set aside 20% of your after-tax income into a savings account,” she says. “You might also choose renting if you’re currently dating someone and hope to be in a long-term stable relationship that involves living together because otherwise you might buy a condo that’s too small for your expanding family.”

For more information on purchasing on home contact us anytime!

Jewel Johnson, Realtor®

Champions Real Estate Group

832-800-4760

www.jeweljohnson.com

http://www.har.com/jeweljohnson

 

Bridgeland Master Planned Community – Hot Homes for Sale in Hidden Creek $300’s – $600’s

Tags

, , , , , , ,

Bridgeland Master Planned Community – Hot Homes for Sale in Hidden Creek $300’s – $600’s

Hidden Creek, an 800 acre community located within Bridgeland, plans to feature 1000 new home sites from Houston most respected builders. Today we feature Perry Homes – available are three distinctive, move-in ready homes!

Community features array of amenities to partake of, from playgrounds, tennis courts, a disc golf course, picnic pavilions, walking/running trails to neighborhood parks; options are endless. The full-time on-site Activity Director offer tons of activities, classes, and events for children, families and the entire community.

Families will love the Lakeland Activity Center, boasting 6,000 square feet of activity space, classrooms, meeting rooms and a full gourmet kitchen. The resort style swimming complex has a six-lane junior Olympic size pool, volleyball nets, and a diving well. The youth area has a young children’s pool with slides and spray toys. There is even two 30-foot sky slides for tubing and plus a splash fountains. Complimentary recreational equipment – kayaks, canoes, bicycles, and fishing is equipment is also available for use by the residents.

Elegant Newly Built Homes

5 bedroom, 4 ½ baths 3 car garage     $519,900

17319HeronCrestDrive17319HeronCrestDrive-03

This spacious 4190 square-foot home features tiled and hardwood floors, circular staircase, and two-story family room with a wall of windows. Island kitchen boasts granite countertops, 42 inch raised panel cabinets, five-burner electric cook-top, double wall oven, walk-in pantry and Butler’s pantry.

17319HeronCrestDrive-08

17319HeronCrestDrive-13

Master retreat is spacious with curved wall of windows, master bath with garden tub, dual vanities, two walk in closets. There is also a downstairs guest suite with a full bath and walk-in closet. Upstairs is a game room, theater room and secondary bedrooms. Abundant storage space. Extended covered backyard patio. Brick and stone elevation adds an extra touch of elegance!

5 bedroom, 4 ½ baths, 3 car garage   $549,900

18518WadeCreekLane

18518WadeCreekLane-07

Airy 4193 square foot home located on the waterfront. The fabulous two-story entry with 20-foot ceiling and hardwood floors welcomes all. Open, two-story family room features a cast stone fireplace and hardwood flooring opens up to the kitchen and morning area. Kitchen features an oversized island with built-in seating, granite counter tops, GE five-burner electric cooktop, double wall oven, 42-inch raised panel cabinets and a walk in pantry.

18518WadeCreekLane-12

Master suite boasts a curved wall of windows, master bath with corner garden tub, separate glass-enclosed shower, dual vanities and two walk-in closets. Downstairs guest suite or mother-in-law. Secondary bedrooms with Hollywood bathroom upstairs along with the game room, theatre room. Extended covered patio with outdoor tile is perfect for entertaining.

5 bedroom, 4 ½ baths, 4 car garage with porte-cochere   $549,900 (reduced)

17310heroncrestdrive_L

17310heroncrestdrive_263905_L

4891 square foot lovely two-story home, library with French-doors and formal dining room with hardwood floors, and winding staircase great you at the entryway. Kitchen features a morning area, Butler’s pantry, island with built-in seating space, granite counter tops, GE five-burner electric cook top, double wall oven, and 42-inch raised panel cabinets and tiled backsplash.

17319HeronCrestDrive-05

An additional staircase just off morning area. Garden tub, separate shower and two walk-in closets Master suite features a garden tub, separate shower and two walk-in closets. Additional bedrooms are upstairs with Hollywood baths as well as a computer area, theatre room and game room. Back patio has extended cover, and the four car garage with a porte-cochere is great for entertaining guests.

Call today for more information on any of the communities listed!

Available Homes in Bridgeland, Cypress – click here Continue reading

Community of the Week – Bridgeland, Cypress, TX Premier Master Planned Community

Tags

, , , , , , , , , , , , , , , , , , ,

Community of the Week – Bridgeland, Cypress, TX Premier Master Planned Community

bridgeland

Cypress, TX is home of Bridgeland, one of Southeast Texas premier master planned communities. Boasting 11,400 acres, lakes, prairie lands, and a detailed preservation action plan Bridgeland offers homebuyers a refuge from the hustle and bustle of city life. The National Associate of Home Builders named Bridgeland the number one master planned community.

Homebuyers have an array of amenities to partake of, from playgrounds, tennis courts, a disc golf course, picnic pavilions, walking/running trails to neighborhood parks; options are endless. The full-time on-site Activity Director offer tons of activities, classes, and events for children, families and the entire community.

bridgeland activity center

Families will love the Lakeland Activity Center, boasting 6,000 square feet of activity space, classrooms, meeting rooms and a full gourmet kitchen. The resort style swimming complex has a six-lane junior Olympic size pool, volleyball nets, and a diving well. The youth area has a young children’s pool with slides and spray toys. There is even two 30-foot sky slides for tubing and plus a splash fountains. Complimentary recreational equipment – kayaks, canoes, bicycles, and fishing is equipment is also available for use by the residents.

If you love nature, Bridgeland is the place to be. This community convenes with nature; it is where nature and people can both thrive in harmony. Located along the eastern part of the boundary of Katy Prairie, the developers strategically designed the community with perseveration as a priority.

17310heroncrestdrive_L

There will be four villages in offering leading new home leading builders include Perry Homes, Darling Homes, Taylor Morrison, Beazer Homes, Ryland Homes, Meritage Homes and Village Builders.

If you’re looking for incomparable housing options, a vibrant lifestyle, and connectivity within a natural setting – look no further, Bridgeland has everything plus more for you and your family!

If you would like a guided tour – Call or click here to schedule your tour of Bridgeland!

Call today for more information on any of the communities listed!

Available Homes in Bridgeland, Cypress – click here

Jewel Johnson, Realtor®

Champions Real Estate Group

832-800-4760

www.jeweljohnson.com

http://www.har.com/jeweljohnson

 

 

 

Aliana, Hot Master Planned Community in Richmond, TX – Homes for Sale From the $300’s – $500’s

Tags

, , , , , , , , , , , , , , , ,

Aliana, Hot Master Planned Community in Richmond, TX – Homes for Sale From the $300’s – $500’s

aliana - highland homes

Aliana, the fastest growing master-planned community in Houston, TX, has garnered numerous awards from best model park design, best special events, and 15th top-selling community in the U.S. plus more. It’s no wonder; so many buyers inquire about this unique 2000 acre master-planned community. Just south of Katy and north of Sugarland; Richmond has its very own jewel!

All the comforts and amenities a home owner could imagine are in this community. From the clubhouse, ballroom, swim center, children’s area and activities, fitness center, tennis court, to almost every quality builder in the Houston market has helped create outstanding value at Aliana. With elegance and master design, builders crafted homes suited to today’s family.

Aliana - trails

Perry Homes, J. Patrick, Plantation Homes, Trendmaker Homes, Ryland Homes, and Darling Homes are all part of this fantastic community. Available square footage is 2200 to over 5000 for most floor plans. Homebuyers have various floor plans to choose from to suite their style, plus a host of options. There are over 60 homes available for immediate purchase this month priced from $299,990 and most builders offer homebuyer incentives through the end of the year!

If you desire a distinctive home and lifestyle in the heart of Richmond look no further. I invite you to a hosted tour to see miles of hiking trails, beautiful neighborhoods, and a signature community that you’ll fall in love with! Call today to schedule your tour of Aliana!

Available Homes in Aliana – click here

  Champions Logo

Jewel Johnson, Realtor®

Champions Real Estate Group

832-800-4760

www.jeweljohnson.com

http://www.har.com/jeweljohnson

 

 

The Hottest Communities in the Houston Market

Tags

, , , , , , , , , , , , , , , , , , , , ,

master planned community

The Hottest Communities in the Houston Market

This is a great time to purchase a home in the Houston market. Though demand is high, there are many options available to suite every lifestyle. Premier builders are offering exciting incentives for most floor plans. According to RCLCO’s mid-year report on the nation’s top selling master planned communities, nine southeast Texas communities dominate the chart.

#4 Riverstone – Sugar Land, TX

#9 Cinco Ranch – Katy, TX

#11 The Woodlands -The Woodlands, TX

#12 Aliana – Richmond, TX

#14 Cross Creek Ranch – Fulshear, TX

#15 Canyon Lakes West – Cypress, TX

#17 Sienna Plantation – Missouri City, TX

#18 Towne Lake – Cypress, TX

#20 Firethorn – Katy, TX

Every community has outstanding features, amenities and excellent school districts. Look for more information on each community in my upcoming blogs.

Call today for more information on any of the communities listed!

Available Homes in Master Planned Communities – click here

 Champions Logo

Jewel Johnson, Realtor®

Champions Real Estate Group

832-800-4760

www.jeweljohnson.com

http://www.har.com/jeweljohnson

Fall Home Buying – Mortgage Options

Tags

, , , , , , , , , , , , , , , , , , , ,

By G.M. Filisko – National Association of Realtorsmortgage jumbo

In late September, Chase will introduce fixed-rate and adjustable jumbo loans with a maximum 85 percent LTV. Maximum loan amounts will be $1.5 million with a minimum 740 FICO score. Chase will also offer fixed and adjustable jumbo loans with 80 percent LTV. Maximum loan amounts are $2 million; these also require a 740 minimum FICO score.

Guaranteed Rate is offering 80-10-10 jumbo loans of up to $1 million, in which borrowers put 10 percent down and then do a first mortgage of 80 percent of the home’s value coupled with a second mortgage for the remaining 10 percent. Borrowers need a minimum 720 FICO score and will pay about 1/8 percent more on their interest rate than if they’d have put 20 percent down.

HomeTrust Mortgage is also offering asset-based adjustable mortgages for borrowers with a FICO score of at least 680 who have substantial assets but not necessarily adequate income to qualify for a mortgage. Perhaps retirees have $400,000 invested in the stock market. HomeTrust will take 70 percent of those invested assets—but not amounts in checking or savings accounts—and divide that number by 60 to arrive at an income it imputes to the borrowers. That income, plus any actual monthly income, allows borrowers to qualify without drawing from or pledging the asset.

Community of the Week – Aliana in Richmond, TX

Featured

Tags

, , , , , , , , , , ,

aliana - highland homes

Aliana has garnered numerous awards from best model park design, best special events, and 15th top selling community in the U.S. plus more. It’s no wonder so many buyers inquire about this unique master planned community. Just south of Katy and north of Sugarland; Richmond has its very own jewel!

All the comforts and amenities a home owner could imagine are included in this community. From a clubhouse, ballroom, swim center, children’s area and activities, fitness center, tennis court, to almost every quality builder in the Houston market has helped create outstanding value at Aliana. With elegance and master design, builders crafted homes suited to today’s family.

Perry Homes, J. Patrick, Plantation Homes, Ryland Homes, and Darling Homes are all part of this fantastic community. Most builders offer homebuyer incentives through the end of the year. If you desire a distinctive home and lifestyle in the heart of Richmond – I invite you to a hosted tour to see miles of hiking trails, beautiful neighborhoods, and a signature community that you’ll fall in love with! http://www.alianahouston.com/brochure/#/1/

Jewel Johnson, Realtor®

Champions Real Estate Group

832-800-4760

www.jeweljohnson.com

http://www.har.com/jeweljohnson