At Register Real Estate Advisors, we are a full service real estate brokerage that offers Buyers and Sellers in the Houston Market a superb experience. Our Realtors are well trained and ready to assist and answer all of your real estate questions. We know the market and we are the home of Houston Real Estate Radio, hosting the show every Sunday on NewsRadio 740 AM KTRH at 11AM. We aren’t #1 in Houston and in Texas for no reason – we have sold a lot of real estate. We are the only brokerage offering in house professional photography and video services to our selling clients. Call us today to find out what makes RREA so different! 281-288-3500
This is a cute video showing how our Realtors celebrate CLOSED! You can meet our team and learn more about our Realtors at RREA.com/Team.
I’m so tired of lenders not being ready to close by the date on the real estate contract. There seems to be no accountability for lenders to be ready by the closing date, except not getting paid if it doesn’t close. The buyer is out inspection money, appraisal funds, earnest money and more. If the Consumer Financial Protection Agency really wants to help consumer borrowers, they should impose a FINE for lenders who can’t close a deal by the date on a contract. But unfortunately, the lender doesn’t sign any contract with their client to perform the work nor any guarantee they will do the loan at all. The contract is between the buyer and seller and the buyer just trusts that his lender will perform. The Realtor can save the earnest money that’s in escrow by extending the buyer’s financing period, but it’s hard to know you need to when you don’t find out until a few days prior to closing that there’s going to be an unforeseen issue with the lender. My favorite excuse from lenders…the underwriter just can’t get to the file. I hear this even though the lender has previously put in writing (before the financing period ended) that everything would close on time.
To truly protect buyers, the financing period should extend through the closing date because you never know what is going to pop up in underwriting to get in the way. But IF you make it so the financing period extends through the closing date, most sellers won’t agree to that.
As a Realtor, I am the one that gets blamed and has to do damage control when the lender cannot perform on time. When a lender commits to the loan at funding, they don’t re-run credit the next day and take back the loan when they find out the buyer ran up credit cards on a new refrigerator and a house full of furniture. I feel they should commit to an approval letter before the financing period ends (some states already do this) and not be able to go back on it or require further underwriting conditions on the borrower past that point. That way the borrower knows it will close and the seller knows it will close and then if the lender cannot close by the date on the contract, be held responsible by CFPB. The lenders that cannot close like they promise consumers they can, are acting irresponsibly and costing buyers money. If they can verbally promise the closing, they should make it contractual by putting it in writing! For example, if the buyer does xy&z, the lender agrees to lend the money by the closing date. I’m not trying to throw lenders under the bus, but if the CFPB’s goal really is to protect buyers, this would be a great place to begin.
The CFPB does accept lender complains so consumers can voice when they have these issues. But we will see if it helps more lenders to actually fulfill their obligation to assist the buyers to close by the closing date on the real estate contract.
Didn’t think selling your home in the winter was the best time to sell? Think again. It may be your best selling season.
Dory Gordon is the Vice President of Market Development for Register Real Estate Advisors. Recently, at the 20th Annual Texas Home and Garden Show, she joined Shannon Register on Houston Real Estate Radio. In the video below, Dory and Shannon explain the benefits of selling in the winter months before December 31st. If you’re interested in selling your home, please contact us today to help you find the best price and the best marketing plan in Houston! 281-288-3500
National Real Estate Industry Leader, Stephan Swanepoel, created the Danger Report for the National Association of Realtors earlier this year. NAR approached him to create this report to outline the dangers and issues facing our real estate industry. It has been used by Realtor Associations, Real Estate Brokerages, Realtor Teams, and more to evaluate the changing tides of our industry.
In the three videos below, you’ll learn more about the Danger Report, more about why NAR Commissioned the Report, how it’s being used, and what you need to be aware of as the tide of real estate changes.
Shannon Register, the Broker for Register Real Estate Advisors, is also the host of Houston’s #1 Real Estate Radio Show and she interviewed Stefan Swanepoel about the ominous danger report. You can see all three of the interviews that were heard on NewsRadio 740’s Houston Real Estate Radio this summer. You can download a copy at http://dangerreport.com.
Enjoy the video of this beautiful home for sale in the Houston, Texas area. This property is located at 25526 Stone Mill Lane, Spring, Texas. For a personal tour, please contact us at 281-288-3500.
Resale homes are very popular in the Houston market. They usually come with window treatments, alarms, sprinkler systems, fences, refrigerators, and other things that may have to be purchased on a new construction home. If you’re in the market for a home, talk with one of our experienced agents about the best option for you and your family.
Below is the article released by the Real Estate Research Center at Texas A&M University. Dr. Gaines succeeds Dr. Mark Dotzour who retired after 18 yrs with the Center. He’s also the most quoted, most experienced real estate research economist in Texas & is a great friend to the local Women’s Council of Realtors Chapters & Houston Real Estate Radio. Below the article is a video from last year when he gave our listeners an update. Can’t wait to have him back on the program soon for another housing economic update as we head into fall. Congratulations to our newest Chief Economist at RECON who is also a University of Georgia Bulldog!
Real Estate Center Names New Chief Economist
COLLEGE STATION (Real Estate Center) – Dr. James Gaines is the new chief economist for the Real Estate Center at Texas A&M University. He is the sixth person to hold the title in the Center’s 44-year history.
Since joining the staff in 2005, Gaines has been the Center’s most quoted research economist in state and national media. He focuses on housing and land development issues.
Gaines was previously president of Rice Center, an urban research organization affiliated with Rice University. For five years, he directed the center’s real estate and urban demographic research programs.
Gaines has more than 35 years of experience in a broad array of professional activities, primarily in real estate research and education, urban economics, land-use analysis and development and project risk assessment. He has worked extensively with major corporations, developers, investors, financial institutions and government agencies across the country.
For 16 years, Gaines was a real estate consultant with KPMG and Arthur Andersen.
His work has involved all aspects of real estate analysis, including modeling market potential and economic capabilities, investment and/or development project risk assessments, identifying alternative land uses, financial and valuation issues, site development and construction risks and opportunities, and strategic corporate real estate planning.
Gaines has been an active real estate educator both at the university level and also for professional programs in real estate appraisal, GRI, CCIM and other training courses. He authored numerous professional papers, articles, monographs and technical reports covering a wide array of real estate topics and analyses. At the Real Estate Center, he has written some 40 articles and technical reports to date. He is in high demand as a speaker.
Gaines’ professional career began as an assistant professor of finance and real estate at Kent State University. Later he was an associate professor of real estate and finance at the University of South Carolina. He holds three real estate degrees from the University of Georgia.
Gaines succeeds Dr. Mark Dotzour who retired after 18 years with the Center.
I know you’ve all heard we have so many international buyers coming to Texas. This is an article from Texas A&M University’s Real Estate Research Center explaining the surge in international purchases.
International Homebuyers Add $8.32 Billion to Texas Economy
AUSTIN (Texas Association of Realtors) – According to a new report from the Texas Association of Realtors (TAR), Texas homes purchased by international homebuyers added $8.32 billion to the Texas economy between April 2014 and March 2015.
Homes purchased by international buyers accounted for 4 percent (209,000 sales) of all U.S. home sales and 8 percent ($104 billion) of total U.S. home sales dollar volume. This is a 10.15 percent decrease in international home sales but an 11.4 percent increase in international home sales dollar volume from the same time last year.
Approximately 8 percent (16,720 sales totaling $8.32 billion) of this activity occurred in Texas — a 4 percent decrease from the same time frame last year.
For the first time since TAR has been publishing this report, homebuyers from Latin America (including Mexico) were not a clear majority of international homebuyers in Texas, comprising only 41 percent. Meanwhile, homebuyers from Asia/Oceania (including China) doubled from 18 percent from April 2013 to March 2014 to 31 percent from April 2014 to March 2015.
Texas homebuying activity among European and African buyers was up from 9 percent to 15 percent and 4 percent to 8 percent, respectively. Meanwhile, Texas home sales to Canadian homebuyers decreased slightly from 5 percent to 4 percent.
Naturalized U.S. citizens in Texas continue to be significantly more likely to own a home than their native counterparts. Three in four naturalized U.S. citizens here are homeowners compared with only 63 percent of native citizens in Texas. This trend does not apply nationally, where homeownership rates among naturalized and native U.S. citizens are virtually equal. However, non-U.S. citizens are 11 percent more likely (44.3 percent vs. 33.3 percent) to own a home in Texas versus nationally.
What’s changing with home ownership in America? More first time home buyers are single than they were in the past. According to the biggest real estate media giant, it used to be that purchasing your first home was something that typically happened after marriage. Now things seem to be changing because about 40% of first time home buyers are single.
We know fewer people are marrying in our country. But also, young people tend to rent for longer periods of time these days. They change jobs a lot so it’s harder for them to settle down in one place and purchase a home. Some saw their parents live in the same house for decades and maybe they just don’t want to do that.
Millennial home buyer are doing things a little different. At RREA, we are here to help you. From boomers, to Millennials, we have you covered all over Houston. Call us today to get started!
The Johnson Development Corp. released this video showcasing their big plans for the old Camp Strake Property. You probably remember that the land was purchased that is located on the southwest corner of Interstate 45 North and Loop 336 in Conroe. The new community will be called Grand Central Park.
The community will offer homes, townhouses, apartments, condo’s, office space, retail space, and more. Grand Park Central will include 2,046-acres. It will be master planned with lakes and nature. It is strategically located less than 10 miles from the Exxon Mobile World Headquarters in Spring, Texas.
To learn more or get updates on this or any other master planned community, contact an RREA Realtor at 281-288-3500.
Have you heard that boutique firms are changing the real estate industry? Inman News just published an article about this. Small firms across the country, referred to as boutique brokerages, are doing things differently and consumers like it! You get a different experience working with a boutique, it’s not a franchise or corporately owned entity that moves slowly through the changing markets. No, a small brokerage has the ability to adapt quickly and change marketing strategies as needed.
The Inman Article explains how Independent brokerage leaders are vigilant about cultivating their firm’s culture and brand. At RREA, our sellers get free listing photos and free listing videos to showcase their homes. We are the only brokerage doing that in House in Houston. The other brokerages are subbing that job our to other companies so their branding becomes inconsistent.
The Inman Article also explains that the Boutique brokerages curate a specific look and feel for their firm by the passion of their owners, who cultivate unique brands, cultures and business models.
Come see what an RREA Agent can offer you when you’re ready to sell your home in the Houston market.