Westpoint Estates

Westpoint Estates Real Estate Homes For Sale, Rent & Price Trends

Shayne Stone "Your Rock Solid Choice Realtor" that helps Home Sellers make a Profit and Home Buyers Equity in Westpoint Estates Missouri City neighborhood / subdivision / community which is located in Missouri City Texas 77459 zip code in Fort Bend County. Westpoint Estates Missouri City has 18 single family properties with a median build year of 1995 and a median size of 5,110 Sqft., these home values range between $569 - $977 K. The sqft. price change data is available through 1998. The median appraised value is $ 156.40/ sqft. View homes for sale or rent in Westpoint Estates Missouri City and see new homes, trending properties, Foreclosures and much more.

Sometimes there's nothing listed For Sale in Westpoint Estates - Bookmark the page and check back often or create your own Listing Alert System to Notify you when a property in Westpoint Estates Missouri City Texas 77459 hits the Market!

Find Westpoint Estates Missouri City Real Estate and Westpoint Estates Missouri City Homes For Sale . Westpoint Estates Missouri City in Fort Bend County can be found using Neighborhood Information Finder. Detailed information includes Westpoint Estates Missouri City Real Estate Profile, Westpoint Estates Missouri City Trending Homes , Schools Nearby Westpoint Estates Missouri City, Places Nearby Westpoint Estates Missouri City and Events Nearby Westpoint Estates Missouri City. Click here to find recently sold properties in Westpoint Estates Missouri City, Foreclosures in Westpoint Estates Missouri City, recently listed homes in Westpoint Estates Missouri City.

Westpoint Estates Missouri City is a subdivision located in For Bend County which is within the Texas. The Westpoint Estates Missouri City subdivision is surrounded with restaurants, education opportunities, entertainment venues, shopping and more. See below for more information on the surrounding resources for the Westpoint Estates Missouri City subdivision.

 

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For more info on Westpoint Estates of Missouri City Texas or any of the other Communities within the Fort Bend County area CLICK HERE or Text / Call 832-449-6060

 

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Water's Edge At Colony Lakes

Water's Edge At Colony Lakes Real Estate Homes For Sale, Rent & Price Trends

Shayne Stone "Your Rock Solid Choice Realtor" that helps Home Sellers make a Profit and Home Buyers Equity in Water's Edge At Colony Lakes neighborhood / subdivision / community which is located in Missouri City Texas 77459 zip code in Fort Bend county. Water's Edge At Colony Lakes has 88 single family properties with a median build year of 1998 and a median size of 2,920 Sqft., these home values range between $233 - $277 K. The sqft. price change data is available through 1998. The median sold price/sqft is $102.59 while the median appraised value is $ 85.98/ sqft. View homes for sale or rent in Water's Edge At Colony Lakes and see new homes, trending properties, Foreclosures and much more.

Sometimes there's nothing listed For Sale in Water's Edge At Colony Lakes - Bookmark the page and check back often or create your own Listing Alert System to Notify you when a property in Water's Edge At Colony Lakes Missouri City Texas 77459 hits the Market!

Find Water's Edge At Colony Lakes Real Estate and Water's Edge At Colony Lakes Homes For Sale . Water's Edge At Colony Lakes in Fort Bend County can be found using Neighborhood Information Finder. Detailed information includes Water's Edge At Colony Lakes Real Estate Profile, Water's Edge At Colony Lakes Trending Homes , Schools Nearby Water's Edge At Colony Lakes , Places Nearby Water's Edge At Colony Lakes and Events Nearby Water's Edge At Colony Lakes. Click here to find recently sold properties in Water's Edge At Colony Lakes , Foreclosures in Water's Edge At Colony Lakes , recently listed homes in Water's Edge At Colony Lakes.

Water's Edge At Colony Lakes is a subdivision located in Fort Bend County which is within the Texas. The Water's Edge At Colony Lakes subdivision is surrounded with restaurants, education opportunities, entertainment venues, shopping and more. See below for more information on the surrounding resources for the Water's Edge At Colony Lakes subdivision.

 

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Water's Edge At Colony Lakes Real Estate Overview:

• The average price of the homes for sale in Water's Edge At Colony Lakes is $ 338,333.
• The average square feet of the homes in Water's Edge At Colony Lakes is 2,920 sqft.
• The average rent in Water's Edge At Colony Lakes is $ 2,500 at an average price of 1 per square foot.

 

For more info on Water's Edge At Colony Lakes of Missouri City Texas or any of the other Communities within the Fort Bend County area CLICK HERE or Text / Call 832-449-6060

 

Your #LocalRealtor #ShayneStone of #ChampionsRealEstateGroup #HomeSelling #HomeBuying in #WatersEdgeAtColonyLakes of #MissouriCityTexas

What's the Difference between an Appraisal and a Home Inspection?

What's the Difference between an Appraisal and a Home Inspection?

If you're planning to buy a home, an appraisal is an important step in the process. Its a professional evaluation of the market value of the home you'd like to buy. In most cases, an appraisal is ordered by the lender to confirm or verify the value of the home prior to lending a buyer money for the purchase. Its also a different step in the process from a home inspection, which assesses the condition of the home before you finalize the transaction. Here's the breakdown of each one and why they're both important when buying a home.

Home Appraisal

The National Association of Realtors (NAR) explains:

A home purchase is typically the largest investment someone will make. Protect yourself by getting your investment appraised! An appraiser will observe the property, analyze the data, and report their findings to their client. For the typical home purchase transaction, the lender usually orders the appraisal to assist in the lenders decision to provide funds for a mortgage.

When you apply for a mortgage, an unbiased appraisal (which is required by the lender) is the best way to confirm the value of the home based on the sale price. Regardless of what you're willing to pay for a house, if you'll be using a mortgage to fund your purchase, the appraisal will help make sure the bank doesn't loan you more than what the home is worth.

This is especially critical in todays sellers market where low inventory is driving an increase in bidding wars, which can push home prices upward. When sellers are in a strong position like this, they tend to believe they can set whatever price they want for their house under the assumption that competing buyers will be willing to pay more.

However, the lender will only allow the buyer to borrow based on the value of the home. This is what helps keep home prices in check. If there's ever any confusion or discrepancy between the appraisal and the sale price, your trusted real estate professional will help you navigate any additional negotiations in the buying process.

Home Inspection

Here's the key difference between an appraisal and an inspection. MSN explains:

In simplest terms, a home appraisal determines the value of a home, while a home inspection determines the condition of a home.

The home inspection is a way to determine the current state, safety, and condition of the home before you finalize the sale. If anything is questionable in the inspection process like the age of the roof, the state of the HVAC system, or just about anything else you as a buyer have the option to discuss and negotiate any potential issues or repairs with the seller before the transaction is final. Your real estate agent is a key expert to help you through this part of the process.

Bottom Line

The appraisal and the inspection are critical steps when buying a home, and you don't need to manage them by yourself. Lets connect today so you have the expert guidance you need to navigate through the entire homebuying process.

 

Waterford Park Townhomes

Waterford Park Townhomes Real Estate Homes For Sale, Rent & Price Trends

Shayne Stone "Your Rock Solid Choice Realtor" that helps Home Sellers make a Profit and Home Buyers Equity in Waterford Park Townhomes neighborhood / subdivision / community which is located in Missouri City Texas 77459 zip code in Fort Bend County. Waterford Park Townhomes has 76 single family properties with a median build year of 2011 and a median size of 2,183 Sqft., these home values range between $211 - $273 K. The sqft. price change data is available through 1998. The median sold price/sqft is $109.64 while the median appraised value is $ 110.98/ sqft. View homes for sale or rent in Waterford Park Townhomes and see new homes, trending properties, Foreclosures and much more.

Sometimes there's nothing listed For Sale in Waterford Park Townhomes - Bookmark the page and check back often or create your own Listing Alert System to Notify you when a property in Waterford Park Townhomes Missouri City Texas 77459 hits the Market!

Find Waterford Park Townhomes Real Estate and Waterford Park Townhomes Homes For Sale. Waterford Park Townhomes in Fort Bend County can be found using Neighborhood Information Finder. Detailed information includes Waterford Park Townhomes Real Estate Profile, Waterford Park Townhomes Trending Homes, Schools Nearby Waterford Park Townhomes, Places Nearby Waterford Park Townhomes and Events Nearby Waterford Park Townhomes. Click here to find recently sold properties in Waterford Park Townhomes, Foreclosures in Waterford Park Townhomes, recently listed homes in Waterford Park Townhomes.

Waterford Park Townhomes is a subdivision located in Fort Bend County which is within the Texas. The Waterford Park Townhomes subdivision is surrounded with restaurants, education opportunities, entertainment venues, shopping and more. See below for more information on the surrounding resources for the Waterford Park Townhomes subdivision.

 

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Waterford Park Townhomes Real Estate Overview:

• The average rent in Waterford Park Townhomes is $ 1,850 at an average price of 1 per square foot.

 

For more info on Waterford Park Townhomes of Missouri City Texas or any of the other Communities within the Fort Bend County area CLICK HERE or Text / Call 832-449-6060

 

 

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What Happens When Homeowners Leave Their Forbearance Plans?

What Happens When Homeowners Leave Their Forbearance Plans?

According to the latest report from Black Knight, Inc., a well-respected provider of data and analytics for mortgage companies, 6.48 million households have entered a forbearance plan as a result of financial concerns brought on by the COVID-19 pandemic. Here's where these homeowners stand right now:

• 2,543,000 (39%) are current on their payments and have left the program
• 625,000 (9%) have paid off their mortgages
• 434,000 (7%) have negotiated a repayment plan and have left the program
• 2,254,000 (35%) have extended their original forbearance plan
• 512,000 (8%) are still in their original forbearance plan
• 116,000 (2%) have left the program and are still behind on payments

This shows that of the almost 3.72 million homeowners who have left the program, only 116,000 (2%) exited while they were still behind on their payments. There are still 2.77 million borrowers in a forbearance program. No one knows for sure how many of those will become foreclosures. There are, however, three major reasons why most experts believe there will not be a tsunami of foreclosures as we saw during the housing crash over a decade ago:

1. Almost 30% of borrowers in forbearance are still current on their mortgage payments.
2. Banks likely don't want to repeat the mistakes of 2008-2012 when they put large numbers of foreclosures on their books. This time, many will instead negotiate a modification plan with the borrower, which will enable households to maintain ownership of the home.
3. With the significant equity homeowners have today, many will be able to sell instead of going into foreclosure.

Will there be foreclosures coming to the market? Yes. There are hundreds of thousands of foreclosures in this country each year. People experience economic hardships, and in some cases, are not able to meet their mortgage obligations.

Here's the breakdown of new foreclosures over the last three years, prior to the pandemic:

• 2017: 314,220
• 2018: 279,040
• 2019: 277,520

Through the first three quarters of 2020 (the latest data available), there were only 114,780 new foreclosures. If 10% of those currently in forbearance go to foreclosure, 275,000 foreclosures would be added to the market in 2021. That would be an average year as the numbers above show.

What happens if the number is more than 10%?

If we do experience a higher foreclosure rate from those in forbearance, most experts believe the current housing market will easily absorb the excess inventory. We entered 2020 with 1,210,000 single-family homes available for purchase. At the time, that was low and problematic. The market was experiencing high buyer demand, and we needed more houses to meet that demand. Were now entering 2021 with 320,000 fewer homes for sale, while buyer demand remains extremely strong. This means the housing market has the capacity to soak up a lot of inventory.

Bottom Line

There will be more foreclosures entering the market later this year, especially compared to the record-low numbers in 2020. However, the market will be able to handle the increase as buyer demand remains strong.

 

 

Do You Need a Water Leak Detector?

Leaks in your home can be a major problem. This is especially the case if leaks occur while you’re away from home or happen in places that you can’t easily access. While some leaks can be prevented before they happen with proper maintenance, there’s always the possibility that you’ll have a leak even if you keep your sinks and pipes in good shape. So what can you do?

One option is to have a water leak detector that can pick up on the leak when it occurs. If you’ve never heard of these or aren’t sure how they work, here are the basics. You might find that a water leak detector is just what you need to give yourself a bit more peace of mind when it comes to your home’s plumbing.

What Is a Water Leak Detector?

As the name suggests, a water leak detector is a device that can detect water leaks in your home. There are a few different types of detectors out there, but they all provide the same basic function of keeping your home safe in case leaks occur. They do this by not only detecting the leaks, but also by doing something about them when they find one.
Modern water leak detectors include both sensors to identify leaks and valves that are built into your home’s plumbing. The central detector unit closes the valves when the sensor detects something is amiss, preventing the flow of water and stopping the leak until it can be repaired. Many detectors also provide you with some sort of alert when this occurs, with some models working in concert with smart home devices to send a notice to your phone and even perform other actions like turning on lights in the affected area.

Types of Leak Detectors

There are a few different types of water leak detectors that you can install in your home. The most common ones feature moisture sensors, allowing them to trigger the system if an area that’s supposed to be dry suddenly has an increase in moisture. In-line sensors can determine when changes in water pressure occur, with abnormal pressure readings suggesting that water is escaping the line and that a leak has sprung somewhere. Temperature sensors can detect frozen pipes, helping you to reduce pressure before those pipes burst. Some leak detectors even use acoustic sensors to listen for the sound of leaks or running water; this can be especially useful in crawl spaces or slabs where it might be difficult to find leaks using other sensor types.

Regardless of the type of sensors you have in your home, the core unit of your water leak detector will determine how big of an installation job is required. Basic detectors can send alerts to your phone or sound an audible alarm but take no other action beyond that; these can often be installed as DIY projects and provide basic protection against leaks. Larger systems that use in-line sensors and have the ability to shut off the water automatically are much more complicated and typically require professional installation, but they also provide much better protection and more sensor options as well.

Do You Need a Water Leak Detector?

Deciding whether you need a water leak detector and what type you might want comes down to a few factors. The most obvious is how much of a risk you think leaks are in your home. If you’ve got old plumbing or are worried about leaks in hard-to-reach places, you’re more likely to want a leak detector than someone who just moved into new construction with easily accessible pipes. The type of detector you get also comes down to a matter of personal preference, since some people would prefer simple alerts while others like fully automated responses.

Regardless of the type of water leak detector you want, HomeKeepr is here to help you find someone to install it and answer any questions you might have. Sign up for a free account today to find pros who can hook you up with the leak detector that best meets your needs and your preferences.

Waterbrook

Waterbrook Real Estate Homes For Sale, Rent & Price Trends

Shayne Stone "Your Rock Solid Choice Realtor" that helps Home Sellers make a Profit and Home Buyers Equity in Waterbrook neighborhood / subdivision / community which is located in Missouri City Texas 77459 in Fort Bend County. Waterbrook has 50 single family properties with a median build year of 2001 and a median size of 4,464 Sqft., these home values range between $450 - $714 K. The sqft. price change data is available through 1998. The median appraised value is $ 128.97/ sqft. View homes for sale or rent in Waterbrook and see new homes, trending properties, Foreclosures and much more.

Sometimes there's nothing listed For Sale in Waterbrook - Bookmark the page and check back often or create your own Listing Alert System to Notify you when a property in Waterbrook Missouri City Texas 77459 hits the Market!

Find Waterbrook Real Estate and Waterbrook Homes For Sale. Waterbrook in Fort Bend County can be found using Neighborhood Information Finder. Detailed information includes Waterbrook Real Estate Profile, Waterbrook Trending Homes, Schools Nearby Waterbrook, Places Nearby Waterbrook and Events Nearby Waterbrook. Click here to find recently sold properties in Waterbrook, Foreclosures in Waterbrook, recently listed homes in Waterbrook.

Waterbrook is a subdivision located in Fort Bend County which is within the Texas. The Waterbrook subdivision is surrounded with restaurants, education opportunities, entertainment venues, shopping and more. See below for more information on the surrounding resources for the Waterbrook subdivision.

 

Can't FIND what you are looking for, ASK ME - I CAN HELP!

 

Waterbrook Real Estate Overview:

• The average price of the homes for sale in Waterbrook is $ 410,000.
• The average square feet of the homes in Waterbrook is 4,464 sqft.

 

For more info on Waterbrook of Missouri City Texas or any of the other Communities within the Fort Bend County area CLICK HERE or Text / Call 832-449-6060

 

Your #LocalRealtor #ShayneStone of #ChampionsRealEstateGroup #HomeSelling #HomeBuying in #Waterbrook of #MissouriCityTexas