1110 George Street  |  Rosenberg  |  $228,000

Several inputs were used to determine the asking price, including:

• Values of other properties in the area that are currently on the market.
• Estimations of Current Value from publicly available sources such as data aggregation websites.^*
• Trends in Market Value from Fort Bend County Central Appraisal District appraisals   for the past several years.^{* ^}
• Actual Cost Values of recent quotations for property insurance.^*
• Estimated value of a larger than average lot (75% larger) as compared with other properties in the market area.
• Estimations for materials and labor to convert some non-living square footage into livable square footage.
• The anticipated increase in market value of converting those same non-living spaces into living spaces.
• Estimations for materials and labor to repair, replace, or improve some systems — some of which are in good condition or under warranty.
• Estimations for improvements that a home investor might perform, including an allowance for a reasonable profit.
• ^* Available data was used, but these sources may lag behind the market by a few months to more than a year.
   
  ^{^} Over the past few years, values in the market area have increased by 40%, or more.

Regardless of the inputs we used, the calculations we made, or the approaches we took, the resulting number always landed within a narrow range, and we set our asking price accordingly.

If you are interested in the property, you may certainly make an offer for any other amount.

Call us. Let's talk.
 

If you are looking for the asking price, you can find it in the Values section.

Among the many services performed by real estate professionals, they primarily:

• guide the buyer during the process
• provide the buyer with market knowledge
• locate properties that might be of interest to the buyer
• schedule and perform showings to the buyer
• negotiate with the seller
• coordinate with third-parties such as Lender(s), Attorney(s), and the Title Company

Since you are here, you have already located or are interested in this property.

Instead of an agent, the Sellers are directly showing this property to interested buyers.

The Sellers are also willing to discuss and negotiate a deal directly with potential buyers.

As for coordination with various professionals, the Sellers (at their expense) will work with an attorney to write the Resale and Purchase Agreement and will include the Buyer in that process. Furthermore, the Sellers will coordinate with the Title Company and keep the Buyer in the loop.

However, if the Buyer decides to involve a 3rd-party lender, inspectors, surveyors, and the like, then the Buyer (or their agent) will be expected to coordinate with those parties.

It may sound intimidating, but it is a fairly straightforward process and can take less than 60 days when 3rd-party professionals are not involved.

If the Buyer(s) chooses to engage professional help, the Sellers will work directly with agents. However, the Buyer will be entirely responsible for any related fees and commissions that arise.

Yes. After entering a contract, external professionals (inspectors, surveyors, etc.) can then be scheduled for access to the property.

The Sellers will incorporate a completed TREC   Form 55-0: Seller’s Disclosure Notice   and all related addendums, relevant documents, and supplemental information into the Resale and Purchase Agreement.

The Buyer(s) will have time to evaluate and respond to the findings of any inspections, appraisals, or disclosures without fear of significant financial losses or forfeitures.

The Sellers are transferring the property on an AS-IS / WHERE-IS / AS-SEEN basis. Repairs, improvements, enhancements, or treatments — either structural or cosmetic — WILL NOT be completed or reimbursed by the Sellers prior to the closing of this transaction, EXCEPT, and to the extent, any perils are reimbursed through insurance.

The costs of performing inspections, appraisals, surveys, etc. shall be entirely the responsibility of the Buyer(s) unless otherwise negotiated with the Sellers in advance.

1. Option and contingency requests will be considered by the Sellers but are generally discouraged, especially if not accompanied by incentives.
2. The Sellers are likely to counter any such requests with special terms.
3. The Sellers are more amenable to the following options and contingencies:
   1. Buyer’s Termination Option — allows the Buyer(s) to unconditionally terminate the transaction for a pre-determined number of days following contract signing and acceptance. This option is part of the standard resale agreement   .
   2. Buyer’s Financing Contingency — this contingency   determines the path that the transaction will take when financing is not secured within pre-determined time periods.
   3. Buyer’s Sale or Move-Out Contingency — this contingency   allows the Buyer(s) to cancel the transaction if they are unable to sell their current property.
4. The Sellers are less likely to agree to these options or contingencies:
   1. Lender's Appraisal Contingency — provides for a contingency   pending the outcome of a lender's appraisal.
   2. Temporary Residential Lease Option — allows one party (Buyer(s)   or Sellers  ) to lease the property from the other party either before or after the transaction closes.
   3. Other Contingencies, especially any non-standard requests.

1. The Sellers expect to initially receive earnest money in the amount of at least 1.25% of the agreed upon sales price for a transaction closing within 60 days of the effective date of the Resale and Purchase Agreement.
2. For each additional day the closing date extends beyond 60 days, then an additional 0.01% in earnest money is required.
3. Payment of Earnest Money will be made to the Escrow Agent. The acceptable forms of payment will be provided by the agent.
4. Under certain circumstances, the full amount of earnest money is refundable; while in other cases, all or part is not.
5. If the transaction completes, then all of the Earnest Money is usually applied to (subtracted from) the total amount due upon closing.

1. The following funding sources WILL BE accepted by the Sellers:
   1. CASH ONLY (or cash equivalents)
   2. MORTGAGE / PRIVATE 3^rd-PARTY LENDER(S) (other than governmental loan programs)
   3. FHA, VA, TEXAS VETERANS LAND BOARD or OTHER GOVERNMENTAL LOAN PROGRAMS
2. The following types WILL NOT be accepted by the Sellers and are NOT NEGOTIABLE:
   1. OWNER (SELLER) FINANCING
   2. RENT-TO-OWN / LEASE-TO-PURCHASE
   3. LEASE / RENTAL

The total amount of closing costs can vary depending on how the agreeement is structured, how the transaction evolves, and whether or not 3rd Parties are involved, among other factors.

It is impossible to reasonably predict the total costs for this transaction prior to an agreement being completed. However, expect the costs to add a few thousand dollars to the total.

1. The Sellers are unconditionally offering to be responsible for the following costs:
   1. Prorated Property Taxes from 01-January of the year in which the transaction closes and through the transaction closing date.
   2. Sellers’ Attorney Fee(s) — for preparation and Review of the Resale and Purchase Agreement and related documents, plus Sellers’ legal counsel throughout the transaction.
   3. Under certain conditions, the Sellers will cover the Buyer's legal expenses only when the Sellers' attorney is able to provide or assist the Buyer in a reasonable and ethical way. In most cases, this is likely to involve assistance in explaining details of the agreement or documents and not in advising the Buyer on legal matters as doing so may involve a conflict of interest.
2. The Sellers request that the Buyer(s) consider covering the following costs:
   1. Prorated Property Taxes from the transaction closing date through 31-December of the year in which the transaction closes.
   2. Title Insurance / Title Research
   3. Any and all costs involved in securing third-party financing, including all external professionals, services, fees, etc. that the lender may require.
   4. Professional Fees for services such as inspections, appraisals, surveys, etc.
   5. Buyer's Representation by a Real Estate Professional, if desired.
   6. Buyer's Independent Legal Counsel, if desired or required.

Depending on the structure of the agreement, there may be other costs included at closing that are not listed above. There are also many resources that can be found online that discuss typical closing costs in Texas.