Seller Paid Closing Costs: A Guide for Buyers
movemetotx Blog
by movemetotx
1y ago
Are you looking to buy a new home, but don’t have enough funds to cover the closing costs? Don’t worry, there’s a solution to this. You can negotiate with the seller to pay for the closing costs. This option has become a popular point of conversation in the real estate market. However, it’s not always possible, and there are a few things to keep in mind. First of all, the amount that the seller can contribute to your closing costs will vary depending on the loan type and down payment. So, it’s important to understand the terms and conditions of your loan agreement before negotiating. Additiona ..read more
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Houston Market Update As Of January 23, 2023
movemetotx Blog
by movemetotx
1y ago
Good morning and happy Monday! As we head into the last part of the month, we are pleased to report that inventory is holding strong at 2.7 months. This is great news for buyers, as it means there are plenty of options to choose from. One of the biggest factors influencing the real estate market right now is interest rates. They have ticked down from December numbers, making it more affordable for buyers to finance their purchases. However, it’s important to note that as interest rates decrease, demand for homes generally increases. This can lead to more offers and competition for buyers. If y ..read more
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The State of The Market
movemetotx Blog
by movemetotx
1y ago
In November 2022, the real estate market saw some interesting trends. 26% of sales were completed with cash, 23% of properties sold above list price, and homes on the market averaged 2.3 offers. While many predicted that the market may have shifted in 2023, it appears that these trends are still present. Cash offers, properties selling above list price, and multiple offers on properties are still common occurrences. However, there is a slight increase in the “days on market,” or the time properties are on the market. This could potentially give buyers more leverage in negotiations, such as get ..read more
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Painting Your Property Before Selling
movemetotx Blog
by movemetotx
1y ago
A fresh coat of paint is one of the simplest and most effective ways to update the look of your home and make a great first impression on potential buyers. Whether you’re looking to sell your home in the near future or just want to give it a fresh new look, a new coat of paint can make a big difference. When it comes to selling your home, first impressions are everything. Potential buyers will form an opinion about your home based on the way it looks from the moment they walk through the door. If the interior is outdated or in need of repair, it can be difficult to overcome that initial negati ..read more
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Houston Market Update As of January 9, 2023
movemetotx Blog
by movemetotx
1y ago
Happy Wednesday everyone! It’s a new week and there’s been some good news in the real estate market in the Greater Houston area. We’ve seen a few more listings come on the market in the past week, which is always a positive sign. However, we’re still sitting at 2.7 months of inventory, which indicates that the market is still relatively tight. One particularly interesting development is that we only saw 1,485 price reductions last week. This is a significant decrease from the end of last year, when we were seeing 3,000+ reductions a week. This suggests that the market may be starting to stabil ..read more
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Seller Concessions at a High
movemetotx Blog
by movemetotx
1y ago
As the housing market continues to evolve, we are seeing more and more sellers offering concessions to buyers. In the fourth quarter of 2022, the trend was especially prevalent, with 42% of homes sold including a seller concession, according to a new report from Redfin. This is a significant increase from the 30% of homes that included a seller concession in 2021. For sellers, this may mean being open to repair requests from buyers or offering a credit to go towards buying down their interest rate. However, it’s important to note that this doesn’t necessarily mean a significant reduction in th ..read more
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Neighborhood Spotlight: Roma
movemetotx Blog
by movemetotx
1y ago
Welcome to Roma, a cozy and welcoming Italian restaurant in the heart of Houston’s Rice Village. At Roma, tradition and authenticity are valued above all else. The chefs at Roma source local ingredients and use traditional methods to create savory dishes that transport diners to the heart of Italy. But it’s not just the food that makes Roma such a special place. The emphasis on creating a homey atmosphere and treating customers like family sets Roma apart from other restaurants. When you dine at Roma, you can expect a warm and enjoyable experience that will leave you feeling satisfied and care ..read more
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Creating a Home File
movemetotx Blog
by movemetotx
1y ago
Welcome to the world of homeownership! It’s an exciting time, but it also comes with its fair share of responsibilities. One of the best things you can do to stay organized and on top of things is to create a home file. So, what exactly should you include in your home file? Here are a few ideas: Appliance manuals: Keep all the manuals for your appliances in one place. This will come in handy if you ever need to troubleshoot a problem or need to refer to the instructions for maintenance. Repair and renovation records: As you make repairs or updates to your home, it’s a good idea to keep a recor ..read more
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Negotiating a “Deal” in Today’s Market
movemetotx Blog
by movemetotx
1y ago
If you’re in the market for a new home, you may come across a seller who is willing to offer a “deal” in order to make the sale. But what does this mean, and how can you make sure you’re getting the best deal possible? One common way a seller may offer a deal is through a concession, which is essentially a credit towards the buyer’s closing costs. This can be a great option for minimizing out-of-pocket expenses or even reducing the monthly payment on your loan. However, it’s important to carefully consider the financial implications of any concessions you may be offered. Your lender should be ..read more
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Closing Day Expectations
movemetotx Blog
by movemetotx
1y ago
As a Buyer, what should you expect on Closing Day? You’re going to sign a bunch of documents for your lender & for the title company. You’ll also need to bring your Photo ID & “Cash to Close” — we also recommend bringing your checkbook in case the numbers are off & you need to write a check for the difference. Once you’ve signed, the seller has signed, and all money has been received & disbursed from the title company — Congrats — you own your new home! We always advise our clients to sign early in the day so we can make sure everything gets completed prior to the end of the d ..read more
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