We work with buyers on a regular basis and help them to determine how much they can afford. One of the biggest misconceptions is that you must have a 20% down payment. Depending on your debt, assets, income, and credit score, you could be eligible for a 3-3.5% down payment.
Down Payments can vary depending on loan type:
Conventional Loan: 3% or higher
FHA Loan: 3.5% or higher
VA Loan: 0% or higher
Tune in to our quick video for more details on each of these programs.
If you’re thinking about purchasing a home, the first step is to get in touch with a lender so that you can understand how much you can afford. Call us today and we can help!
Coldwell Banker United, REALTORS® – Metropolitan
Katie Day, REALTOR®
2 Greenway Plaza #150 Houston, TX 77046
On February 13, 2019, HAR.com released it’s January Market Update with the headline, “HOUSTON’S HOUSING MARKET COOLS IN JANUARY”
A few key takeaways include:
The single-family home median price increased 1.4 percent to $222,000, which is a January high,
Lease properties saw their strongest performance since November 2017, as single-family home rentals climbed 16.5 percent with the average rent up 0.4 percent to $1,755,
Days on Market (DOM) for single-family homes decreased from 68 days to 65 in January.
Sales of all property types totaled 5,011, down 8.4 percent from January 2018. Total dollar volume for the month fell 4.4 percent to slightly more than $1.3 billion.
Hi Friends! We just released our January Market Update for EaDo Houston, TX 77003. There are currently 90 homes available on the market for sale, which represents about 3.5 months of inventory on the market today.
About 55% of the inventory on the market today is new construction, and the common build is a 3 bedroom, 3.5 bathroom single family home.
12 homes sold in January 2019, which was one more than January 2018, when 11 sold.
8 Single Family Listings at an average sales price of $331,611
1 Commercial/Residential building at $2,150,000
3 Townhomes at an average sales price of $303,833
For more details on how these numbers impact you as a buyer, seller, or renter, please reach out today!
Coldwell Banker United, REALTORS® – Metropolitan
Katie Day, REALTOR®
2 Greenway Plaza #150 Houston, TX 77046
Enjoy city living in East Downtown at 2212 Ann Street. Located in a gated community, this two-story home was designed with your convenience and comfort in mind. Enjoy hard-surface floors throughout your new home, making cleaning a breeze!
The split floor plan is great for roommates, guests, or friends! The first floor features a private guest bedroom, bathroom, and additional storage. The second floor hosts the master suite, and provides an open floor plan great for entertaining friends and family before heading to a Dynamo, Astros, or Rockets game, catching a concert Downtown, or going to a new bar or restaurant.
For more photos and information, visit our website, then call us today for your private tour of this EaDo home!
Coldwell Banker United, REALTORS® – Metropolitan
Katie Day, REALTOR®
2 Greenway Plaza #150 Houston, TX 77046
Many of our clients desire the benefits of living in a fantastic neighborhood with access to a great school district. However…
If you’re a first-time home buyer concerned about the large investment,
If you are new to the area and want to learn the neighborhoods, or
If you are someone who cannot currently obtain a mortgage…
Let us introduce you to Home Partners of America and the Lease with the Right to Purchase Program.
The process is easy, transparent, and built on a foundation of choice and flexibility. Once your household is approved, the MOVEMETOTX Team will help you to find a home in an approved community. Home Partners will then purchase the home and lease it to you.
You’ll have the option to purchase the home at a later date, if you want to! If you decide that you no longer want to purchase, you are not obligated to buy.
Call us today for a free consultation and more information about this program.
Coldwell Banker United, REALTORS® – Metropolitan
Katie Day, REALTOR®
2 Greenway Plaza #150 Houston, TX 77046
We attended the EaDo & TIRZ 15 Public Input Meeting on December 11th at BBVA. TIRZ 15 and the East Downtown Management District are beginning a planning process to advance future development and infrastructure improvements in the zone.
The East Downtown Management District provides services and improvements in six specific program areas, and are committed to continually improving the district for residents and visitors.
Public Safety and Security (working with law enforcement to ensure the area is crime free and a desirable area)
District Field Services (maintain attractive public spaces such as streetscapes, sidewalks, etc., they provide graffiti abatement, road maintenance, and landscaping)
Planning and Advocacy (planning coordination, project management, and public policy advocacy)
Business Development/Media Relations (encourage economic growth by promoting the East Downtown district as a place for urban-style residential neighborhoods, restaurants, entertainment, and more)
District Beautification (tree planting, landscaping, development of public spaces, etc)
District Administration
More information on the EaDo Management District can be found HERE.
One of the exciting takeaways from the meeting was that the road construction off of Dallas/Lamar should be complete by March 2019, and that they are planning on adding additional landscaping once construction is complete.
Landscaping and Amenity Plans
The meeting was hosted by East Downtown Management District and TIRZ 15. TIRZ stands for “Tax Increment Reinvestment Zone” and is created by the City Council to promote and attract new investment, growth, and market development to a specific area. (For more information on TIRZ 15 (in EaDo), click HERE).
Growth from Downtown is limited to the North and West (due to the Bayou) and to the South (additional growth is limited as density has been increasing for 10+ years in Midtown, etc.), so EaDo is poised for additional growth, especially with the TXDot “EaDo cap” planned over 59. For more information on the Highway Projects, visit TXDot HERE.
Public Input for EaDo Improvements
The purpose of the meeting was to:
Provide a brief overview of planning efforts in East Downtown,
Review the outlook for planning efforts are heading, and
Obtain input and feedback from EaDo residents.
There will be more planning meetings to determine public goals and interests for the area.
Development goals discussed included:
To guide development that would be equal or better in quality and experience of public space improvements and accommodate similar development density as in any leading US City such as New York, Chicago, San Francisco and the like.
To encourage redevelopment that would retain area history and its character, yet attract new CBD projects to the area.
To provide for high quality area amenities and connectivity to venues such as the Buffalo Bayou, Discovery Green, Emancipation Park, the proposed EaDo Cap and Greater Houston by various modes including pedestrians & bicyclists.
To provide incentives through reimbursement of capital funds to businesses that would help achieve the desired physical character and functionality of the area.
To put in place development policies that would help achieve a vibrant, walkable, safe, and urban environment.
To put in place development polices and plan that would encourage seamless user experience between CBD and EaDo.
To attract urban activities that makes the area an 18-hour center.
To recognize the coming changes in transportationtechnologies that would affect land as well as built space utilization.
To enhance the user experience of the Entertainment District within EaDo, by building around the location of the existing entertainment venues, and to attract users from the greater Houston area.
For more information on East Downtown, or the Greater Houston area, reach out today!
Coldwell Banker United, REALTORS® – Metropolitan
Katie Day, REALTOR®
2 Greenway Plaza #150 Houston, TX 77046
We were thrilled to meet up with Grit Grocery at their “food truck” grocery store one freezing Monday afternoon in EaDo, outside of Circuit Apartments. They are the first mobile grocery truck in Houston, and are proud to “bring the best of the farm back to the block.”
I had first discovered Grit through Instagram, and shortly after following their page, saw my friends featured, posting their Meal Bundles online. I was intrigued by the concept, and as a former Sunbasket/Blue Apron/Meal Subscription service user, liked the idea of being able to stop at an apartment around the corner and pick up dinner!
What’s important
Best of the Farm = Local. They look to create jobs, diversify the Houston economy, minimize food miles, provide maximum freshness, and reinforce the “seasonality” of food.
Unprocessed. Why eat what you can’t pronounce? They carry tons of local products, but most important — everything is REAL. No dyes, preservatives, pesticides, or hormones.
Back to the Block = Community. They tout that “they know your dog’s name” and are proud to be community based, with a small store format enabling genuine interaction and connection.
Experience. Shop with your shades on! They feature an open air store front and encourage you to walk, bike, or METRO to their location. Once you arrive, it’s a simple and easy experience.
Check out our quick interview with Michael Powell and Emily Jaschke, two thirds of the ownership team at Grit Grocery.
You can follow Grit on all the social medias (Instagram, Facebook, Twitter) at @gritgrocery.
For more information on what’s going on in the Greater Houston area, follow us on social media at @movemetotx.
Coldwell Banker United, REALTORS® – Metropolitan
Katie Day, REALTOR®
2 Greenway Plaza #150 Houston, TX 77046
Launch HTX is located adjacent to the George R Brown Convention Center at 701 Avenida de las Americas. This area of Downtown saw a resurgence during the Super Bowl in 2017, when tons of new restaurants and shops opened up.
Launch describes themselves as “a retail platform for Houston-based designers as well as a place for community development and business education.” The name, LAUNCH is “not only a nod to Houston’s reputation as “Space City”, it references the “launch” of emerging designers from the city’s growing creative community.”
This pop-up shop features a new host of designers (art, clothing, home goods, and accessories) every two months, giving new vendors a chance to reach a broader audience. Our #FirstFriday crew met with the team at Launch and shot our neighborhood spotlight video there a few weeks back (and also enjoyed buying all of the things)!
If you’re looking to move to Downtown Houston or have questions about the area, reach out today!
Coldwell Banker United, REALTORS® – Metropolitan
Katie Day, REALTOR®
2 Greenway Plaza #150 Houston, TX 77046
movemetotx 