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Chiriboga Realty LLC Blog

Wednesday, October 4, 2017   /   by George Chiriboga

How to Buy a Home with Zero Down in Houston TX

If you are unsure about whether or not you can buy a home, please read below about the different ways to buy a home.
You, like many people never buy the home of their dreams simply because they don't think they have enough money for the down payment and closing costs. They've been told that they need to have some money saved for closing costs  and the mandatory downpayment (3.5%, 5%, 10%, 20%, etc). Well, this simply isn't true completely.
So why have so many people told them this?
Quite honestly, it's because selling homes to people with 3.5%, 5%, 10% or 20% down is easier than selling homes to people who have little or no money for a down payment. Most agents would rather go after the "easy sale" than try to help people who have special needs.
This report is specially designed for people with good or decent credit and sufficient stable income, but who just don't have much money for a down payment.
Option 1: First Time Home Buyer Programs
Some Housing Development A ...

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Tuesday, August 15, 2017   /   by Gilbert Garza

Fairview District Underway in Montrose

The planning of the new Fairview District development has been underway since 2015 and construction began at the beginning of 2017.  If you are in the area you know some big changes are happening with all of the closed off areas, large orange cones everywhere, and just kind of a messy construction zone that is currently unappealing to go through.  It will all be worth it once this entire area is complete.  Sketches of the completed project give us a glimpse of a modern neighborly feel with more restaurants, retail, and exercise spots being brought to the area along with office spaces.  The idea is to emphasize the pedestrian character of the neighborhood but with ample parking. Houstonians may know what City Centre looks and feels like.  This will be something similar but will be a more small intimate urban experience. It will consist of four new buildings with rougly 60,000 square ft. and a five story parking garage.  The parking garag ...

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Thursday, March 9, 2017   /   by George Chiriboga

100% Financing for Medical Doctors, Dentists and Veterinarians

Most doctors are looking for loans with low interest rates that enable them to put very little or a zero down payment, not use their student loan debt if they have any in their debt ratio, use future income rather than current or past income, and yet enable them to move in before they start their job.

What is so special about the PhysicianLoans program?
It is a great loan for doctors regardless of whether they are just out of medical school, in residency, or physicians who have been in practice for many years.

Special Home Loans for Medical Doctors, Dentists and Veterinarians
100% Financing - No Money Down
No PMI - Lower Monthly Payments
No Pre-payment Penalty
Move in up to 90 days prior to starting your next position


If you have more questions, please do not hesitate to Email us or contact us at 713-589-3234 for more information.

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Wednesday, November 9, 2016   /   by George Chiriboga

Can I buy a home from the listing agent?

Yes, in the state of Texas, you can buy a home from the listing agent but you need to be informed about some important differences about employing the listing agent to buy your home. In the state of Texas, the listing agent represents the seller and has the legal obligation to put the interests of the seller first above the buyer's and his/her own.

This type of representation creates an Intermediary Agency Agreement. Under this type of agreement:

1) The listing agent needs to be upfront with you and let you know that he can't give you any opinions nor advice. Basically, you are on your own. 

2) The listing agent needs to inform the seller and get his/her consent in writing to do this, as conflicts of interests can occur.

3) The above written consent must state source of  compensation.

4) The listing agent can not disclose to you that the seller will accept a price less than the asking price, unless authorized in writing to do so by the seller.

5) The listing ...

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Wednesday, November 9, 2016   /   by George Chiriboga

Get the best foreclosure deals

In today's market, many buyers are still eager to find a foreclosure bargain. Or that is what they think until they start searching. Soon, they learn that only savvy buyers will get the best deals.

Understanding how banks negotiate foreclosure deals is a must and it is useless to send low ball offers on bank owned homes that have been on the market for a few days. When the bank has not had the opportunity to expose the property in the marketplace long enough, they will be reluctant to take a low ball offer. Most banks are aggressive with their pricing but they won't give the property away.

Banks do not sell the property themselves. They are handled by their Asset Management Companies. These companies list the home for what they think the home is worth, and they receive guidelines about when to start reducing the price. It typically happens between 21 to 30 days.

If you want to send a low offer, just sit an wait and check back on the property in a few months to see if it is sti ...

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