Helping Pasadena buy and sell homes for over 40 years.
Century Properties are full-service Pasadena, TX realtors equipped with enough passion and experience to exceed your expectations. We know what it takes to help you achieve your real estate dreams and goals.
We would love the opportunity to work with you on all of your real estate needs:
There is not a generic answer to this question as each situation is different. Some things to think about when buying a home are that you are building equity instead of putting money into someone else’s pocket. With current interest rates at the lowest we have seen, buying could be your best option and in many cases, could be cheaper than the rental payments.
Also, ask yourself how long you plan on living in a particular area or city. If the answer is a couple of years, renting might be a better decision for you, depending on the market conditions. Remember that owning a home requires that you maintain and fix your own property both inside and outside. Factor these costs into your monthly budget.
For specific situational concerns it is best to sit down with a Realtor and go over your best options.
Again, it depends on everyone’s situation. Consider your time frame, local market factors, location of homes, and family situations. Let’s break down the two options and look at the pros and cons for each.
Buying a home before selling your current home
This option brings the biggest benefit to those who do not want the stress of rushing to find another home as soon as they have a contract on their current home. On the other hand, the new home you are purchasing may have a contingency clause stating that the offer is contingent on the sale of your current home. If the current home takes longer than expected to sell, then other offers, with no contingencies, could outweigh yours resulting in your offer not being accepted.
Selling your home before buying another home
Selling your home first allows you to place a more attractive offer on a home you are interested in mainly due to not having a contingency clause. The issue here is not knowing how many days it will take to sell your current home. Factors such as local home market, number of homes selling in your price range, and marketing skills of your Realtor all play a role in selling your home quickly.
In some cases, homebuyers may not find the best-fit house for them, or a contract falls through where they are now stuck without a place to live. There are options you can take. A “rent-back” is available in some cases where the buyers of your current home, and you, agree to rent the current home for a specified amount of time as you pay them rent.
Finding the best route to take can be conversation between yourself and your Realtor…or give us a call.
This is a question we get a lot, so here it is. The answer is different for either first-time home buyers, or those looking to move up.
For first-time home buyers sometimes you will need little to no money saved up, but for those looking to move up, a 20% down payment would be ideal.
Some might start with getting pre-qualified to see what they could afford right now. The bank/lender will lay out options for the best loan and the down payment percentages for each.
It is always best to put down a good chunk of money so that the interest you will pay out over the loan does not cost you more. For FHA loans you are looking at around 3.5% down payment but with conventional loans it is around 20%.
Again sitting down with a bank/lender would be your best bet. Give us a call/text or email to find out some of the lenders we enjoy working with.
Our question to you is why would you NOT want a Realtor to help and guide you through this home buying process?
Your Realtor keeps your best interest at heart, sets up appointments, prepares appropriate paperwork, researches prices and neighborhoods for your best fit, keeps you well informed, and much more. These are duties that Century Properties can provide.
There is no set rule to this but the MAJORITY of the time the seller pays the commission fees for the Realtors. Why would you not use a Realtor during the home buying process?
It would be best to chat with a Realtor to see what might be available in the price range you are looking to buy. Realtors will be able to suggest if the home selections do not match your wants and needs or if you should be looking in a different area.
We’ll consider a few key factors to determine if it’s the best time to get top-dollar for your home. Of course there are many personal reasons (job relocation, etc.) that often carry more weight than the selling price. The top factors that influence the fluctuations in your home’s value include:
the number of comparable properties for sale in your area,
the average days on market (DOM) for comparable properties (ideally, the DOM for at least half of the comparable properties will be around 90 days or less), and season (generally, buyers are more active in the summer months).
If you need to move within about two months, NOW is the time to list.
Some numbers we look at include the average days on market (DOM), monthly inventory of houses in the market, average sales price compared to average listing price (ratio), and interest rates for buyers. These numbers help determine if the market is favorable for sellers, buyers, or neutral.
Glad to see you are planning ahead and ready to prepare your house to sell. We have designed a free guide just for this purpose! Take a look here: The Four Week Guide for Preparing Your Home for Sale.
We are frequently asked this question and you’re in luck that we can get you the answer! Many real estate agents prepare a Comparative Market Analysis (CMA) to find the current market price they think the home is worth. Again, this is NOT an exact science…so find an agent that has experience and training in performing CMA’s. Want to have us perform a detailed CMA for you? Follow this link for a free report:
These estimates deviate in error with a median of 6.1%, or more in some cases. The problem with these estimates is that they do not account for many of the key factors that influence home value, such as upgrades and other customizations.
We would not advise this tactic. A house that is priced above the market will likely attract less interest and fewer showings. There IS a buyer out there for your house and when your home is priced fairly, based on market data, buyers will be left with little reason to negotiate.
You do not, but there are numerous advantages and reasons that the majority of home owners choose to sell with an agent. Take a look at our Ultimate Seller’s Guide – Texas for a breakdown of how using an agent actually SAVES you money, time, and headaches. It’s not worth spending a dime to save 10 cents.
First, there are no disadvantages to having a pre-listing inspection performed and they are reasonably priced. Having this inspection allows sellers to fix any issues before the home is listed and is very attractive for buyers and their agents when viewing the house. This inspection also allows the sellers and their agent to price the home better if a known “big fix” is needed, such as a new roof. Being transparent with buyers about the condition of the house allows for a smoother transaction and leaves fewer opportunities for surprises on both ends.
Benefit from our years of successful marketing experience in residential real estate. Buyers also choose an agent who is respected and well-known to the community. We are an established, service-oriented business.
We sincerely care about what is in your best interest, and we know that when we take great care of you, you’ll be confident referring us to family, colleagues, and friends.
Integrity and strict ethical standards are assured with us. We support and practice the professional standards of the National Association of REALTORS® (Visit www.realtor.com to read the code of ethics) and the local board of REALTORS.
Our team is known for experienced agents and exceptional service. Unlike many agents, we always give complete details on a house to prospective buyers who call or visit our office or an open house. That includes price, street address, bedrooms, bathrooms, square footage, and whatever else the prospect might want to know. Broad
Your home will be exposed to qualified home buyers generated by our multiple affiliations with referral networks throughout the state, nationally, and even internationally.
As a result of our membership in the Multiple Listing Service (MLS), information on your home will be communicated immediately to the entire real estate industry.
Your needs will be satisfied by our team of full-time real estate professionals; this is the only profession we engage in, and we do it 100% of the time.