Mortgage and Lending
David Krichmar
"Helping You thru the Whole Process" Whether it is you or your client, I am here to make the whole process easier. I am available 7 days a week. Communication is a foundation of my business.
Office: (832) 689-6012
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Commercial Real Estate Agent
Mike Wong
Providing the most comprehensive real estate services available: Commercial | Residential | Leasing | Investments | International | Consulting | Development. Experience & resources for any transaction
Cell: (713) 935-5800
Office: (281) 265-0000
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Sugar Land, TX Real Estate News

By Rosie Crow, Exceeding Expectations. Delivering Results
(Serving Sugar Land, Richmond, Rosenberg, Missouri City)
Today, I want to discuss something that’s probably on the minds of a lot of folks looking to buy a home: those pesky high mortgage interest rates that just won’t quit.I mean, seriously, they’ve shot up to around 7 percent! Ouch, right? It can feel pretty daunting for many homebuyers out there. But here’s the deal: while it might seem like a tough nut to crack, it’s important to remember that this challenge isn’t insurmountable.There are several things you can do to navigate around the high interest rates so you can achieve home ownership and increase your chances of securing a favorable interest rate.First step: Improve your FICO score!  Your credit score plays a pivotal role in determining the interest rate lenders offer you. A higher credit score generally translates to a lower intere...
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By Rosie Crow, Exceeding Expectations. Delivering Results
(Serving Sugar Land, Richmond, Rosenberg, Missouri City)
Avalon, Sugar Land is a beautiful waterfront community comprised of five subdivisions located off of Commonwealth Boulevard just minutes away from Highway 6 and U.S. 59.With more than 70 acres of lakes, water is the theme and inspiration for this 427-acre master-planned community developed by Monarch Development of Texas.Each subdivision in Avalon has its own price range, property taxes, and HOA annual dues. Enclave at Waters of Avalon (72 homes) Gardens of Avalon (191 homes) Meadows of Avalon (118 homes) Villages of Avalon (295 homes) Waters of Avalon (120 homes) Price Range:Homes in Avalon start in the mid $400,000s and extend beyond $1 million. Single-family homes and townhomes in Avalon Sugar land were built between 1995 and 2005.  Homes range in size from 2,300 square feet to well ...
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By Rosie Crow, Exceeding Expectations. Delivering Results
(Serving Sugar Land, Richmond, Rosenberg, Missouri City)
If you've ever bought or sold a home, I am pretty sure you've heard the terms seller’s market, buyer's market and months of inventory, but understanding their significance can greatly impact your home buying and selling experience.In this blog, I'll explain what these terms mean and how they can influence the speed at which your home sells. By gaining a deeper understanding of the current market conditions and key indicators, you’ll be better equipped to make informed decisions and navigate the home buying and selling process with confidence.Months of Inventory: Understanding current market conditionsThere are two questions I am often asked when working with seller clients: What should I list my property for? How long will it take to sell? While there are a number of factors that can pl...
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By Rosie Crow, Exceeding Expectations. Delivering Results
(Serving Sugar Land, Richmond, Rosenberg, Missouri City)
First Colony Sugar Land is a 9,700-acre master planned community located at the intersection of U.S. 59 and Highway 6. Although the majority of First Colony is nestled within Sugar Land, there are specific areas of the community, primarily south of Dulles Avenue, that stretch into portions of neighboring Missouri City.The development of First Colony Sugar Land began in 1977. It is considered one of the oldest and more established neighborhoods in Sugar Land. Many of the homes were built in the 1980s and 1990s. First Colony is comprised of numerous subdivisions, each having its own price range, property tax rates, school zones and annual HOA fees. First Colony is zoned to excellent schools in Fort Bend ISD.One of the biggest advantages about living in First Colony Sugar Land is that it p...
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By Rosie Crow, Exceeding Expectations. Delivering Results
(Serving Sugar Land, Richmond, Rosenberg, Missouri City)
Inflation is one of the significant factors that impact mortgage rates. Inflation usually leads to higher mortgage rates since it decreases the value of the U.S. dollar. When inflation goes up, mortgage rates also tend to increase. This means getting a mortgage loan to purchase a home can become more expensive as higher interest rates translate into higher monthly mortgage payments. But now, let's shift gears to brighter prospects! Shall we?If you are planning to buy a home later this year, you're probably wondering about the interest rate dance. Historic trends and market analysis suggest mortgage interest rates are poised to take a favorable turn in the upcoming months. This could mean more affordability and flexibility for those looking to buy a home. Here are three expert projection...
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By Rosie Crow, Exceeding Expectations. Delivering Results
(Serving Sugar Land, Richmond, Rosenberg, Missouri City)
Greatwood is a waterfront and golf-course community nestled on Sugar Land's southwest side, located just off U.S. 59 and the Grand Parkway (SH 99).Spanning an impressive 2,050 acres, Greatwood comprises 29 distinct subdivisions, featuring serene lakes, inviting swimming pools, well-designed playgrounds, a meticulously maintained golf course, scenic walking trails and beautiful parks. With this wide range of amenities, there's definitely something to suit everyone's needs. Whether you're in the market for waterfront properties or golf course homes, there's a place to match your taste and budget in Greatwood. The landscapes are breathtaking, and on top of that, you are zoned to excellent performing schools.Curious about the price range in this neighborhood?Greatwood Sugar Land offers affo...
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By Rosie Crow, Exceeding Expectations. Delivering Results
(Serving Sugar Land, Richmond, Rosenberg, Missouri City)
Elevate your home selling experience by harnessing the power of staging, which showcases the unique features of your property both indoors and outdoors. This strategic approach not only captivates a larger pool of potential buyers but also accelerates the selling process, ensuring optimal returns. Beyond setting the right market price, staging is a pivotal factor in securing a successful sale.Here's a perfect analogy.......Remember when you fell in love with the "one"? You felt an emotional connection with that person. And before you knew it, you were ready to take the next step: marriage.The same goes for buyers. Buyers need to feel emotionally connected to your home before they are ready to take the next step: the home purchase.  Buyers buy based on emotion (how they FEEL about the ho...
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By Rosie Crow, Exceeding Expectations. Delivering Results
(Serving Sugar Land, Richmond, Rosenberg, Missouri City)
In a world where energy efficiency ratings are attached to almost everything we buy from appliances with the ENERGY STAR symbol such as washers and dryers, to fuel economy ratings for cars, you might be wondering: Is there a way to measure the energy efficiency of an entire house? The answer is yes.It's called the HERS® Index and it looks like this. The HERS® Index stands for Home Energy Rating System. The rating system was created by the Residential Energy Services Network (RESNET) and serves as the national industry standard for evaluating a home's energy efficiency. The lower the number on the scale, the more energy efficient the home is. The higher the number on the scale, the less energy efficient the home is. Homes built in the 1970s have a HERS® Score of 130. Whereas a standard n...
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By Rosie Crow, Exceeding Expectations. Delivering Results
(Serving Sugar Land, Richmond, Rosenberg, Missouri City)
Nestled in the heart of Sugar Land, Telfair is a beautiful 2,018-acre master-planned community built in 2006 at the corner of University and Telfair boulevards. The neighborhood comprises 2,884 single-family homes built around 70 acres of lakes and numerous trails and walkways. With its numerous recreational amenities, beautiful parks and access to high-performing schools in Fort Bend ISD, Telfair truly has everything you need.What is the price range of homes in Telfair?The price range in Telfair vary, but generally, you can find homes there starting in the mid $400,000s to over $1 million, depending on where you reside in Telfair. The average size of homes is about 3,500 square feet, with an average of four bedrooms and three bathrooms. The average lot size is 9,423 sq ft.Most of the h...
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By Rosie Crow, Exceeding Expectations. Delivering Results
(Serving Sugar Land, Richmond, Rosenberg, Missouri City)
Often times, buyers think "pre-approval" and "pre-qualification" are the same thing. I've seen this term being tossed around interchangeably. But the truth is, these terms are very different.Pre-qualification is based only on the information a borrower provides to the lender. The lender does not verify information about the borrower's assets, income and debts. The lender assumes that what he or she is being told is true. The pre-qualified loan amount is what you'd likely get approved for based only on the information you provide to the lender. An offer with a pre-qualification letter will not sit well with a seller because there’s no guarantee that the borrower will be able to obtain financing to purchase a home.Pre-approval is a much more involved process. The borrower completes a mort...
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By Rosie Crow, Exceeding Expectations. Delivering Results
(Serving Sugar Land, Richmond, Rosenberg, Missouri City)
Now that you've executed a sales contract with the sellers, it's time to get approved for a mortgage loan.This is the most time-consuming part of the transaction process. But, if you have all the paperwork together, the process should go smoothly. As a rule of thumb, it usually takes an average of 30 to 45 days to close a real estate sales transaction when financing is involved. There's a lot of back-and-forth communication between the underwriter and borrower during this entire process.Three Players in the Loan Approval Process Loan originator (or representative): This person collects the borrower’s loan application and other supporting documents to send to the loan processor.  The loan originator is your “go to” person during the mortgage approval process. The loan originator needs to...
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By Rosie Crow, Exceeding Expectations. Delivering Results
(Serving Sugar Land, Richmond, Rosenberg, Missouri City)
Established in 2007 by Johnson Development Corporation, Riverstone is a beautiful 3,800-acre master-planned community located off of Highway 6, three miles south of U.S. 59. The neighborhood is shared between the cities of Sugar Land and Missouri City.If you live in Riverstone, you have convenient access to Sugar Land Town Square, which is a fantastic shopping and entertainment hub. There, you'll find a wide range of boutiques, restaurants and cultural events to explore and enjoy.  Additionally, nearby Missouri City offers its own charming attractions. You can visit its historic district and take in the beauty of the scenic parks. With shopping centers, recreational facilities, and entertainment options just a short drive away, there are plenty of things to do.Additionally, Riverstone o...
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By Rosie Crow, Exceeding Expectations. Delivering Results
(Serving Sugar Land, Richmond, Rosenberg, Missouri City)
Welcome to the New Territory Market Report for May 2023. I’m excited to share the latest data with you. It's a hot seller's market in New Territory, and that's great news for sellers out there because the market is firmly in their favor. *Source: TAR Market Viewer and HAR MLS data.In May, the number of active listings stood at 14. With a limited inventory available, buyers are eagerly competing with other buyers for the chance to secure their dream home in this sought-after community.The number of homes sold in May were 13, reflecting the robust demand and the swift pace at which properties are changing hands. This high level of sales activity signifies a market that is extremely HOT!One of the most compelling indicators of New Territory’s seller’s market is the low months of inventory,...
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By Rosie Crow, Exceeding Expectations. Delivering Results
(Serving Sugar Land, Richmond, Rosenberg, Missouri City)
New Territory is a beautiful 3,200-acre master-planned community in the heart of Sugar Land. It offers many benefits that make it an exceptional place to live. One of its most notable features is the abundant amenities available to residents. Located in West Sugar Land, New Territory has 42 subdivisions and comprises 450 acres of parks, recreation centers, lakes and greenbelts. With more than 4,600 homes surrounded by picturesque lakes, New Territory is home to excellent Fort Bend ISD schools, churches, restaurants and retail stores. The neighborhood is also close to major highways like U.S. 59, Highway 6, Highway 90A, and Grand Parkway, all providing easy access to Houston.How would you describe the homes and price ranges in New Territory?New Territory offers diverse housing options, i...
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By Rosie Crow, Exceeding Expectations. Delivering Results
(Serving Sugar Land, Richmond, Rosenberg, Missouri City)
I am thrilled to share some sweet and amazing news! Sugar Land, TX was recently named 5th in Top 100 best places to live in America by Livability.com! As a REALTOR® and resident of this beautiful city, I can't express how happy I am about this well-deserved recognition. Sugar Land, TX Top 100 Best Place to Live in the US in 2023 - LivabilityFrom its beautiful neighborhoods to its thriving economy, Sugar Land truly has it all. The community's commitment to education is evident in its top-rated Fort Bend ISD schools, providing a nurturing environment for families. The city's impressive array of parks, trails and recreational facilities make it an outdoor enthusiast's paradise.  Whether strolling through Sugar Land Town Square or enjoying the numerous shopping and dining options, there is ...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
What Does an Economic Slowdown Mean for the Housing Market?According to a recent survey, more and more Americans are concerned about a possible recession. Those concerns were validated when the Federal Reserve met and confirmed they were strongly committed to bringing down inflation. And, in order to do so, they'd use their tools and influence to slow down the economy.All of this brings up many fears and questions around how it might affect our lives, our jobs, and business overall. And one concern many Americans have is: how will this affect the housing market? We know how economic slowdowns have impacted home prices in the past, but how could this next slowdown affect real estate and the cost of financing a home?According to Mortgage Specialists:Throughout history, during a recessiona...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
Unexpected Tips for Better Home StagingPutting a home on the market can be a stressful experience. Sometimes it seems like homes sell almost before you can get them listed, while others appear to languish due to shifts in the economy and buyer enthusiasm. Fortunately, there are ways that you can increase the likelihood of your home selling even if the market isn’t at its best. One of these options is to improve your home staging so that potential buyers will be wowed by the property and want to make it their own.Some people view home staging as simply making sure that everything is neat and orderly so that buyers can see the home at its best. While this is important, it’s not the only thing that you can do to improve the appeal of your home. Here are a few unexpected ways that you can m...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
The Average Homeowner Gained 64K in Equity over the Past Year If you own a home, your net worth likely just got a big boost thanks to rising home equity. Equity is the current value of your home minus what you owe on the loan. And today, based on recent home price appreciation, you're building that equity far faster than you may expect here's how it works.Because there's an ongoing imbalance between the number of homes available for sale and the number of buyers looking to make a purchase, home prices are on the rise. That means your home is worth more in todays market because its in high demand. As Patrick Dodd, President and CEO of CoreLogic, explains:Price growth is the key ingredient for the creation of home equity wealth. . . . This has led to the largest one-year gain in average h...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
Reducing DIY Project WasteThere are a number of reasons why you might choose to take on a DIY project. You may decide to do something yourself because you think it will be an easy project, or because you enjoy working with your hands. You might even consider doing a DIY project because you think it would save you a lot of money over hiring a professional to do the same thing. Regardless of your reasoning, there’s one thing about DIY that a lot of project guides and instruction sets leave out: what to do with everything that’s left over once you’re done with the project.DIY waste can be a real concern, since depending on the project there might be a lot of waste produced. Given the nature of the materials involved with most DIY projects, you shouldn’t just throw away everything that you ...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
The One Thing Every Homeowner Needs To Know About a RecessionA recession does not equal a housing crisis. Thats the one thing that every homeowner today needs to know. Everywhere you look, experts are warning we could be heading toward a recession, and if true, an economic slowdown doesn't mean homes will lose value.The National Bureau of Economic Research(NBER) defines a recession this way:A recession is a significant decline in economic activity spread across the economy, normally visible in production, employment, and other indicators. A recession begins when the economy reaches a peak of economic activity and ends when the economy reaches its trough. Between trough and peak, the economy is in an expansion. To help show that home prices don't fall every time there's a recession, take...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
How Todays Mortgage Rates Impact Your Home PurchaseIf you're planning to buy a home, its critical to understand the relationship between mortgage rates and your purchasing power. Purchasing power is the amount of home you can afford to buy that's within your financial reach. Mortgage rates directly impact the monthly payment you'll have on the home you purchase. So, when rates rise, so does the monthly payment you're able to lock in on your home loan. In a rising-rate environment like were in today, that could limit your future purchasing power.Today, the average 30-year fixed mortgage rate is above 5%, and in the near term, experts say that'll likely go up in the months ahead. You have the opportunity to get ahead of that increase if you buy now before that impacts your purchasing powe...
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