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Santiago Panama's Advice

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  • 6 Contributions
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Santiago Panama wrote:

Is grand prince ln , Houston Tx77075, a good place to buy a house.

Answer
I can sure help you with that. I'm a Houston Real Estate Agent, Now there is a Grand Price Ln. In North Houston, near Richie and the Hardy Toll Rd. Very close to Nimitz High School; now that is not the zip code 77075. Zip code. 77075 is South Houston, near the Beltway and Hwy 45 North of Pearland and South of Hovey Airport.Feel free to contact me and give me more details and I can surely help you on your research. Houston is not zoned like Dallas or other cities. On Houston you have good neighborhood next to bad neighborhoods, is very important that we pinpoint the exact location where you are planning to purchase because that will depend the schools that your children will go to. you may contact me at (713) 505-9452 or at spanama@gmx.com I will be more than glad to help you.
October 04 2013
(0)

How do I get my property off MLS if Agent will not take it off?

Answer
You have all the right to have the agent to change the status of the listing on the MLS. If you want to terminate the listing with the agent, send a request in writing to the agent and to the broker. Let them know that you are terminating them and if the listing is not off the MLS on a couple of days you will file a complain with the state Real Estate Board.
October 04 2013
(0)

Me and my husband have poor and fair credit score. How can we get a house loan with our credit score

Answer
In order to increase your credit score you have to keep doing what you are currently doing. Make sure you keep the balances on your credit cards low, it is recommended to keep balances on credit cards below 30% of the available amount. DO NOT CLOSE your credit cards, but keep low balances on them. That will increase your score. If you have no credit cards, because you don't like to get into debt, you might want to consider getting a "pre-paid credit card" that reports to the credit bureaus. All major banking institutions and credit unions have pre-paid credit cards. Those you deposit an amount into an account and you can use that amount on the card. Use it to pay your bills, bills that you would pay usually with your debit or bank account. Then once you get the bill, pay it and leave just a little bit on the balance. LOW BALANCES will increase your credit.Some banks will offer you to open a secure loan. Do not get in to one of those. It will not help you anytime soon. Actually a secure loan will hurt your debt to income ratio that is used to qualify you for a home.You can go into www.creditkarma.com that website is part of Trans Union, It is absolutely free, you don't need a credit card or make any payment to do it. It will direct you how to increase your credit score for free.
September 24 2013
(0)

looking for rent to own properties

Answer
I truly do not recommend anyone to get into a rent to own situation. There is a very thin line for legal problems to arouse. My recommendation for you if you are not ready to buy lease for a year. If it is because of credit issues, work on your credit, there are reputable credit repair companies out there. Credit Repair takes work from the company and from you as well. If you don't do your part you will not get anywhere. If you are trace a game-plan and stick to it you could fix your credit before the lease is up. Then once you are ready to purchase you can shop for homes or even talk to the landlord to see if the landlord is interested in selling the property to you.There are also many lenders that have credit repair programs in place, some will even refund the cost of credit repair to you at closing "if you use them for the loan."Make sure you use a Realtor of your choice that represents and advice you on any transaction. If you insist to get into a lease to own situation, then you will need a lawyer to explain you what you are getting in to.
September 24 2013
(1)

If I decide to sell my home, should I fix it up?

Answer
Contact a local Realtor first. Have him do a CMA (comparative market analysis) in order to find how much comparable properties are selling for. Any money that you put into the house will most likely make your house sell faster, and probably will help you get a "little" more for your home.If there are any broken items, you might want to take care of them. if what you are looking is to upgrade or update the property DO NOT OVER INVEST, because you might not get your money back. If you do something the key is: 1. the kitchen 2. bathrooms.Make sure you discuss with the local Real Estate Agent this options, find out how much are comparable properties selling in your neighborhood, you could also tour the homes that are currently for sale in your neighborhood to see what buyers are going to be looking at, that is what your home will be competing against.
September 24 2013
(0)

should i sell my home after 1 year to buy a bigger house

Answer
It all depends on the type of loan you took. Most loans now days are FHA loans, those loans do not have a pre-payment penalty. If you purchased the property without using any down-payment assistance program you shall be able to sell. Down-payment assistance programs require for you to live on the property from 5 to 10 years. If you took advantage of such programs you can still sell, but there you will have to pay them back depending on the program.If you have a regular "conventional loan" or an FHA loan you can sure sell. It will all depend on the equity that you have on the property if you can get out of it with a profit. If you have no equity you might have to bring some money to the table.There is another way that you could get out of the property (I don't recommend unless is a real hardship), that is by doing a short sale. You can qualify for a short sale if you changed jobs and your new job is over 50 miles away and the other way you could qualify is if you are going through what banks call it "hardship." The reason I don't recommend this option unless there is a real need is because a short sale on your credit is pretty similar as a foreclosure on your credit.I'm assuming that what your question pretty much is a straight sale, then the answer will more likely be "yes, you can sell." We will need to determine the "market value" of your property and the amount that you owe on the property in order to determine one of three: 1. If you walk away with some money. 2. If you break even. 3. If you need to bring some money to the table in order to sell.If you don't have the equity and don't want to bring money in order to sell, there is always the option to lease the property until you build equity in your home.In most states you only need to have occupied the property or own the property 90 days or more to sell. Again, that depends on the loan documents you have.
September 24 2013
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