Humble, TX Real Estate News

By A. Keith Hebert, Kingwood Humble Atascocita Spring Huffman The Wood
(Register Real Estate Advisors Spring Texas)
We are departing from our normal open house training this Thursday to host a FREE Hold 'em Poker Tournament for the Real Estate community. We will play for chips only & there will be no entry fee. Gift cards will be given away at the end of the tournament, to first & second place. Come on out & have some fun with us at 5:30 pm this Thursday, January 15th! Kim Oium of Waters Edge & Casey Prochaska of Woodspring will bring Spring Creek BBQ! Please bring your favorite beverage. The next Fun & Games Night at Exit Realty will be Bunco! Details to follow... We look forward to seeing you this Thursday at 5:30 pm! We are in the Kroger Shopping Center at the corner of Atascocita Rd & Will Clayton Blvd, here: See you there! Thanks, Al & Keith Hebert, Dana & Ken Snyder, Owners EXIT REALTY N.E. HOU...
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By Ken Snyder, Houston Texas Real Estate
(Exit Realty NE Houston)
We are departing from our normal open house training this Thursday to host a FREE Hold 'em Poker Tournament for the Real Estate community. We will play for chips only & there will be no entry fee. Gift cards will be given away at the end of the tournament, to first & second place. Come on out & have some fun with us at 5:30 pm this Thursday, January 15th! Kim Oium of Waters Edge & Casey Prochaska of Woodspring will bring Spring Creek BBQ! Please bring your favorite beverage. The next Fun & Games Night at Exit Realty will be Bunco! Details to follow... We look forward to seeing you this Thursday at 5:30 pm! We are in the Kroger Shopping Center at the corner of Atascocita Rd & Will Clayton Blvd, here: See you there! Thanks, Al & Keith Hebert, Dana & Ken Snyder, Owners EXIT REALTY N.E. HOU...
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By Charles Gardner-Realtor/Investor
(ZIP Realty, Inc-Houston District)
Happy New Year! As millions of Americans salute the beginning of 2009 with expectations of a return to a more traditional economic and investing structure, experts agree things are likely to get worse before they get better a consideration for every short sale buyer but one that should also encourage potential investors to seek returns in areas outside of the financial markets; areas like short sale real estate. Even as hopes for a brighter financial future are likely to be conservative for most Americans the future never fails to bring change and change offers opportunity to those that understand how to take advantage of it. Let's examine several changes of both direct and indirect interest to short sale investors beginning with the minimum wage laws slated to go into effect for 2009. ...
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Have you updated your business plan for 2009? Have you even completed a business plan? If the answer to either of these questions is "No", it is mandatory - mandatory to yourself - to attend tomorrow's weekly open house networking & training event, from 5:30 - 7 pm. Would you drive from Houston to Anchorage Alaska, without a map? Probably not! Then don't get lost in 2009, without a plan of action to achieve your professional goals. If you have completed a plan, you may learn how to improve it, so please join us also! This event is open to all agents from all brokerages. Food and beverages will be served. We won't just discuss how to complete a business plan, we will provide you with the planning materials, and we will all complete our business plans during this session. The format will ...
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By Charles Gardner-Realtor/Investor
(ZIP Realty, Inc-Houston District)
Home prices posted an 18% drop for October of last year, the biggest drop ever since the Standard & Poor's/Case-Shiller 20 city housing index was created.  The 10-city index fared a bit worse, dropping 19.1%.  And three areas really got wacked: Phoenix dropped 33%, Las Vegas slid 32%, and San Francisco declined 31%.  Consumer Confidence Index dropped 38 in December from a revised 44.7 in November.  The low number surprised economists: a survey of 62 number crunches estimated that the reading would come in around 45.   But in good news for consumers, General Motors announced that it would once again offer zero percent financing for the next several weeks.  This comes on the heels of the announcement that GMAC, its financing arm, was approved as a bank, therefore eligible to tap into $5 b...
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By Charles Gardner-Realtor/Investor
(ZIP Realty, Inc-Houston District)
GMAC Financial Services got a huge Christmas present this week when the Federal Reserve approved its application to become a bank holding company, thereby enabling it to tap into $700 billion of TARP rescue funds.  Not only will GMAC be able to tap into the bank stabilizing funds, it will also be able to borrow from the Fed's discount window for virtually no interest.  Did you see these pretty cool amazon.com holiday facts they released: *   Amazon.com sold enough "Breaking Dawn" books that stacked end to end they would reach the summit of Mt. Everest eight times. *   During the period from Nov. 15 - Dec. 10, Amazon sold one copy of Microsoft Office Home and Student 2007 every 2.5 minutes. *   The weight of all GPS devices sold from Black Friday through December equals the combined weig...
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By Charles Gardner-Realtor/Investor
(ZIP Realty, Inc-Houston District)
Santa Claus and Mortgage Modification We believe there is a Santa Claus!  And he loves to represent buyers in foreclosure and make a ton of money.  and then make sure you register for our upcoming Recession Proof Investing webinar! Click here Mortgage applications continue to be on the rise given the low interest rate environment, and one prominent CEO signaled a turning point, according to the Wall Street Journal.  Bank of America CEO Kenneth Lewis said that mid-2009 would be the stabilizing point for house prices, and the bank recently reassigned over 300 loan processors from the home equity division to the mortgage division.  The good joy was also at several other lending institutions. Loan applications were up 300% at Regions Bank, and applications at U.S. Bancorp surged from 11,000...
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By Charles Gardner-Realtor/Investor
(ZIP Realty, Inc-Houston District)
Five Favorite Facebook Tips to Build Your Short Sale Empire Whether you are a novice real estate agent or veteran short sale investor you probably realize the power and influence the Internet holds in building your success. With over 80 percent of buyers beginning their search online, the Internet is a vital tool that few can afford to ignore. However, when it comes to the use of social media applications, far fewer people understand how to put these powerful resources to use for more than just socializing. The fact is, with a little tweaking and adjusting, Facebook and other social media sites have the potential to provide powerful - and free- tools to help with your day to day business or investing needs. Contrary to popular opinion, Facebook isn't just for teens (fourteens); here are...
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By Charles Gardner-Realtor/Investor
(ZIP Realty, Inc-Houston District)
I just came across an amazing opportunity take a look:http://www.reiBIGgive.com Colin Egbert from RealEstateInvestor.com and Andy Properfrom TeamworkLeadSystem.com put it together.Their goal is to raise $25,000 for St. Jude Children's Hospitalby December 23rd and they're going to do it! They also got several of their friends - real estate investingexperts - to put together a HUGE prize package worth$65,688.00! We can't thank you enough for helping us reach others about the"2008 Real Estate Investing BIG Give". Your willingness to do so will help us raise more money and fundmore research & treatment at St. Jude Children's Hospital! All donors you refer will also have an equal shot in our daily $100 Visa Gift Card drawing and our grand prize drawing for the $65,688 Ultimate Real Estate Re...
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By Charles Gardner-Realtor/Investor
(ZIP Realty, Inc-Houston District)
Mortgage rates continued to fall today as the Federal Reserve furthers its action plan to help stimulate demand for homes.  Freddie Mac announced that mortgage rates that are hovering around 5.19% this week for a 30 year fixed mortgage haven't been this low since 1979.  Today rates were at 5.0%.  Earlier this week the Fed cut the federal funds rate to a range of 0 to .25%.  The Big 3 Automakers aren't going to add President Bush to their holiday cards after his comments today.  The President noted that the White House is considering an "orderly bankruptcy" instead of a bailout.  In a speech at the American Enterprise Institute, the President noted that "Under normal circumstances, no question bankruptcy court is the best way to work through credit and debt and restructuring...These aren...
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By Charles Gardner-Realtor/Investor
(ZIP Realty, Inc-Houston District)
How to Find FDIC Real Estate for Sale While many short sale investors tend to focus on local bank owned properties, don't neglect FDIC asset auctions. Since fewer people are familiar with finding and buying FDIC owned assets, there tends to be less competition and thereby, lower prices. FDIC is often forced to assume the assets of individually failed banks; especially smaller entities which may not have been purchased or assumed by larger banking institutions. To find out about FDIC owned properties call 888.372.FDIC (3342), (800) 568-9161 or visit http://www2.fdic.gov/drrore/index.asp to perform a property search. FDIC properties are sold "as-is" by sealed bid. It is necessary to complete a "Purchaser Eligibility Certification" prior to submitting bids on certain properties- especially...
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By Charles Gardner-Realtor/Investor
(ZIP Realty, Inc-Houston District)
Are we at the Bottom Yet?? The Federal Reserve as expected cut rates by 50 basis points bringing the prime rate to just 3.5%.  Will this help you jump start your investing??  Have your read ‘How to avoid the Top 5 Traps of Short Sales investing'?  Maybe you should join read this and then join us as we keep up with the daily news from Capitol Hill about real estate. If you haven't seen this CBS "60 Minutes" video on the second wave of foreclosures, you need to watch it right now.  Stop what you're doing.  Go NOW and watch this.  And please share it with whoever is telling you that we're at the bottom of the foreclosure mess.  We've just begun the second wave: http://www.cbsnews.com/video/watch/?id=4668112n This year it was estimated that 1 million homeowners are in foreclosure...this vid...
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By Charles Gardner-Realtor/Investor
(ZIP Realty, Inc-Houston District)
Real Estate Investing is still an Answer Tired of being sick and tired of this economy and all the negative news that goes along with it?  We have an amazing recession proof investing strategy that we'll reveal to you on our webinar that we host regularly tomorrow.  Free webinar All eyes were on the Federal Reserve Monday as the members of the Federal Open Market Committee sat down to debate whether to reduce rates even further.  The decision is due out Tuesday, and most analysts believe that Fed will cut an additional half percent, bringing rates to a historic low of .5%, with prime then becoming just 3.5%.  And no decision yet from the Treasury Department or White House on how to bail out the Big 3 Automakers after Congressional talks failed last week.  Bush is considering using the $...
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By Charles Gardner-Realtor/Investor
(ZIP Realty, Inc-Houston District)
Proof: big-time investing with lousy credit, no money One person's tragedy is another's fortune. President Obamaannounced that the economic meltdown is getting deeper and it will get even WORSE before it gets better. So where's the fortune?  Listen up. There are thousands of investors out there kickingserious butt, if you'll pardon the slang.  I mean, there are far more opportunities than there areinvestors and wholesalers to take them. And wait until you hear a story about a guy whojust pulled in over $120,000 on his 1st dealever, using the method we shared withhim on our webinar.   He started out with $30 in his pocket.  We have had people listen to our free webinar, whohave no credit, no money, and go on to start asix figure business in short sales.  Here's why they've done this and ...
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By Charles Gardner-Realtor/Investor
(ZIP Realty, Inc-Houston District)
Some good news for Realtors and investors!!  The CEO of Wells Fargo, John Stumpf, spoke at the Goldman Sachs U.S. Financial Services Conference and was optimistic about real estate sales.  "We're not at the end," he said. "My suspicion is there is some more to go.  But we're starting to see some early signs that maybe we've reached the bottom in housing or close to it."  Stumpf noted multiple bidders have come out to make offers on foreclosed properties.  Check out the Magic Money Formula... Don't worry; I'm not suddenly promoting some financial equivalent of snake oil that promises an overnight cure to all your financial woes. Instead, we are revisiting a formula first popularized by Dale Carnegie and recreating it for short sale investors. One of the most difficult things many new to ...
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By Charles Gardner-Realtor/Investor
(ZIP Realty, Inc-Houston District)
Ouch!   The Government Accountability Office, along with the Congressional Oversight Panel for Economic Stabilization, blasted the Treasury Department's management of the $700 billion TARP program.  The 38 page document noted that "Treasury cannot simply trust that the financial institutions will act in the desired ways; it must verify." The report further commented that the Treasury had "administrated the TARP without seeking to monitor the use of funds provided to specific financial institutions." And other eyes were on Capitol Hill today as the Big 3 Automakers got a lot closer to sealing a $15 billion bailout package.  The package will lead to the creation of a "Car Czar" to oversee the loan grant, in order to avoid the "take the money and hoard it" approach that many banks have tak...
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By Charles Gardner-Realtor/Investor
(ZIP Realty, Inc-Houston District)
Do you think it's time for the real estate investor to help??  Have you read "How to Overcome the Top 5 Traps in Short Sales"? Ouch!   The Government Accountability Office, along with the Congressional Oversight Panel for Economic Stabilization, blasted the Treasury Department's management of the $700 billion TARP program.  The 38 page document noted that "Treasury cannot simply trust that the financial institutions will act in the desired ways; it must verify." The report further commented that the Treasury had "administrated the TARP without seeking to monitor the use of funds provided to specific financial institutions." And other eyes were on Capitol Hill today as the Big 3 Automakers got a lot closer to sealing a $15 billion bailout package.  The package will lead to the creation o...
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By Charles Gardner-Realtor/Investor
(ZIP Realty, Inc-Houston District)
Recession Proof Your Income with Short Sales It's official. The country is in a major recession. "If the idea of rising prices coupled with a falling dollar, economic uncertainty and a pink slip coming soon to cities near you doesn't sound attractive then chances are you have already started your search for safety. Unlike millions of other Americans frantically looking for returns in all the wrong places, some savvy investors are learning how to use short sales to recession proof their income.  Short Sales provide an alternative source of income. Although unemployment rates are rising, to quote a common cliché' "You ain't seen nothing yet". The big bail-out and dramatically reduced lending standards between banks and major corporations has not trickled down to Main Street - yet.  Even c...
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By Charles Gardner-Realtor/Investor
(ZIP Realty, Inc-Houston District)
Listen up folks.  You need to start calling your investors ...calling those fence sitters that have been sitting too long. I'm sure you have heard this. The Federal Reserve just said they are going to start buying Treasury notes and bonds.  Let's review some of what Fed Chairman Ben Bernanke said recently in Austin, Texas: "The second arrow in the Federal Reserve's quiver - the provision of liquidity - remains effective," he said. "The Fed could purchase longer-term Treasury or agency securities on the open market in substantial quantities. This approach might influence the yields on these securities, thus helping to spur aggregate demand." Did you catch that?  Folks mortgage rates are going EVEN LOWER.  Why?  Mortgage rate are directly tied to the 10 year treasury.  As the Fed comes in...
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By Ken Snyder, Houston Texas Real Estate
(Exit Realty NE Houston)
A Realtor who recently joined our office was advising her former broker of the change and he asked, "What's so special about EXIT, anyway? Why are so many people going to EXIT?" The flyer below outlines some of the reasons, but during our open house networking & training event this Thursday evening, December 4th, we will answer the question, "What's so special about Exit, anyway?" We will discuss: Local Ownership and Management philosophy and support Corporate philosophy and support - The Most Outstanding Story in Real Estate Innovative Training for new & experienced agents Office Tour - Bullpen, copiers, workstations, and more Private Offices - Only 2 are left after Bonnie Wisdom & Sandi Rone have moved in The Exit Formula - Commission structure, residuals, and more No Monthly Fees - W...
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