Kevin Read - Homes In Sugar Land

One concern for banks and investors who purchase mortgage backed securities is the quality of the appraisal. If the appraisal is below actual market conditions the bank has a lower risk of lost revenue. However, if an REO property was appraised too high then upon auction or sale of this property a higher revenue loss is essentially guaranteed. To combat this problem Kirchmeyer & Associates is partnering with Group9 Insurance Solutions to offer appraisal insurance for banks and investors to cover this financial loss.

At first glance this insurance might not seem helpful to home owners. However, home owners currently have issues selling their homes for two reasons. First, banks are reluctant to loan money to particular individuals fearing they will default on the loan. Second, in many cases the appraisals are coming in under the contract price. This prevents banks from providing loans unless larger down payments are made to cover the difference in contract and appraised value. In addition some appraisers are fearing law suits by banks if their evaluations are too high so they tend to evaluate conservatively.

The new insurance coverage will now allow banks to insure against loss due to poor appraisals hopefully freeing up banks to increase their loan amount, and re-leaving some fears of appraisers halting their conservative approaches. For more details click HERE.

Homes In Sugar Land – Riverstone

Riverstone located in Sugar Land is a planned unit development community that will have over 6000 homes once completed. It will cover over 3700 acres consisting of townhomes, single-family homes, custom homes, resort-quality amenities, excellent schools and a multitude of retail shops. The cost of homes covers a broad range allowing anyone seeking a planned community several options. One particular neighborhood within Riverstone is The Terrace at Riverstone containing 147 homes with an average near 5000 square feet. Prices begin in the upper $400’s and top out at just under $1 million. Another neighborhood is Crossing Cove at Riverstone with 172 homes priced in the $300’s and an average size of 3900 square feet.

Riverstone utilizes numerous builders including Darling, Toll Brothers, Westin Homes, Meritage Homes, Sterling Classic Homes, and Christopher Sims Custom Homes just to name a few. For a complete list of builders please visit http://www.rivestone.com

Riverstone is mainly outside the city limits so taxes are covered by Districts. The tax rates within Riverstone are the following:

All Sugar Land Addresses and Missouri City Addresses in Stonebrook

MUD # 128, 129, 149 .70
LID # 15, 19 .80
Fort Bend County .49976
Fort Bend ISD 1.34000
= 3.33976

Missouri City Addresses except Stonebrook

MUD # 115 .50
Fort Bend County .49976
Fort Bend ISD 1.3400
Missouri City .5284
Houston Community College .09222
= 2.96038

At Homes In Sugar Land (Country Club Lifestyle Realty) we are fully integrated into Riverstone and can help provide you with the most up-to-date best information available. Heck, one of our owners actually lives there!

Homes In Sugar Land – Sweetwater and Sweetwater Estates

Sugar Land has numerous neighborhoods suiting every type of home owner but several are highly valued. One such community is Sweetwater and Sweetwater Estates. The Estates is a small community consisting of only twenty homes and these giants of a home average just over 10,000 square feet. Most of these homes back up to some portion of the Sweetwater Country Club Pecan or Cypress Golf Courses giving them magnificent views. That majority of homes were built around 2000 but there are a few empty lots still available for those with the ability to design and build a prestigious beautiful home in Sugar Land.

The second community is Sweetwater consisting of 566 homes with an average size of 500 square feet. Prices range from the low $300’s to just over $1 million. Several of these homes also back up to a Sweetwater Country Club course but they are rarely gated with far less privacy than The Estates.

All of the houses within these communities in Sugar Land fall under the Fort Bend Public School System. These schools have exemplary ratings by the state and as such are highly competitive. Clements High School is so popular that families move to the area solely for the quality of education they provide. In addition their athletics are also top notch with the golf team having the ability to practice and play at Sweetwater Country Club.

If you wish to know more about Sweetwater, Sweetwater Estates, or Sugar Land and other neighborhoods within the area please visit our website. There is a large amount of information on the city and other surrounding neighborhoods. At Homes-In-Sugar-Land (aka Country Club Lifestyle Realty) we strive to provide home buyers and sellers with first class service. That not only includes negotiation skills and real estate knowledge, but we consider ourselves the social and community experts.