Star Tex Power Field is now underway in Sugar Land Texas. The home plate installation ceremony this week was orchestrated by city council members, Johnson Development and several special guests. The new stadium tagged at $27.9 million is expected to be ready in April 2012. The stadium is located near the corner of Highway 6 and Highway 90 near the Imperial Sugar Redevelopment project.  The stadium project will be funded with a portion of sales tax revenues that may only be used for economic development purposes. According to the city no general fund tax dollars will be spent on the stadium. An independent report by Sports & Leisure International estimated the stadium will generate annual economic activity estimated at $7.7 million. Over the next 30 years the stadium is expected to gene... 04/09/2011

Construction at the Imperial Sugar Redevelopment Continues Johnson Development will begin the preliminary phase of the Char House renovation at the former Imperial Sugar Refinery during the next 4 months. A majority of the tanks, pipes, smoke stacks and other refinery equipment will be removed from the building during the rennovation. The exterior of the Char House will be left in tact to preserve the historical community icon, while the large concrete smoke stack will be removed for safety reasons and to allow for flexibility of the added build-out space. Construction is also currently underway on the nearby Sugar Land minor league baseball stadium sponsored by Star Tex Energy approved last year by city council. The Imperial Sugar Redevelopment has been the center of heated attention ... 04/08/2011

I came across a foreclosure listing on the MLS while searching for properties for my investors. This was a familiar property I encountered a couple of years ago on the market. First it was a listing, then a short sale, now a foreclosure 2 years later. 2 years ago I was driving through this community and noticed the open house signs placed out along the streets to direct traffic. I decided to stop in and take a look and entered the house and nobody was there supervising or hosting. Not the idea of an open house that I'm used to. There were other people wandering around inside the house and more families pulling up in the driveway. I toured the house which the owners still occupied and I looked for the agent's card or contact information inside the house usually on the kitchen counter. A... 04/02/2011

Here is your weekly interest rate update: Conventional 30 year Mortgage: 4.875% Credit score:740 LTV:80% Loan Amount:$200k APR: 5.5% FHA 30 year:4.5% Credit Score:640 LTV:96.5% loan amount:$200k APR:5.5% Conventional 15 year:4% Credit score:740 LTV:80% Loan Amount:$200k APR:4.875%   Call me today if you are thinking of refinancing or buying a home, for the best mortgage rate possible.  03/30/2011

I recieved this email from another agent last week and thought I would share. I'm not sure how much of a difference it makes. Im averaging $25 per day of gas on my daily activities, so its worth a shot. I don't know what you guys are paying for gasoline.... but here in California we are paying up to $3.75 to $4.10 per gallon. My line of work is in petroleum for about 31 years now, so here are some tricks to get more of your money's worth for every gallon:   Here at the Kinder Morgan Pipeline where I work in San Jose, CA we deliver about 4 million gallons in a 24-hour period thru the pipeline.. One day is diesel the next day is jet fuel, and gasoline, regular and premium grades. We have 34-storage tanks here with a total capacity of 16,800,000 gallons.   Only buy or fill up your car or ... 03/28/2011

USDA Loans are mortgages for Homes that are found in Rural areas.  If you are thinking of buying a home in a rural area you can not beat this loan option.  Here are the highlights for: You will not need a down payment.  That's right 0%!!!  FHA loans require a down payment of 3.5% and a conventional can require 5% or more.  And the seller can pay all or some of your closing costs.  This would allow you to get in the home with the least amount of money possible. You will not have any monthly mortgage insurance.  This will give you an even lower monthly mortgage payment then a conventional loan or a FHA loan. USDA loan is a government backed loan.  To qualify for a USDA loan you must meet the income requirements and the home must fall in the designated Rural area.  You would be surprised t... 03/24/2011

Now Available: Foreclosure home for sale in Sugar Land. This is a 3bedroom, 2 bath single story home that is approximately 1800 square feet. 2010 Tax Appraisal value is $143,380List Price is $99,900The home does need work inside, any savy investor can have the home ready in about 3 weeks. Interior needs paint and carpet with some drywall repair required. Estimated repair costs are about $6,000 for capet, paint, and drywall repairs. Typical lease rates in this community for this home average about $1300 per month. Typical home sale price for this home is about $129,000 in the current market. I have an investment property already in this neighborhood I puchased 3 years ago for the going market rate and leased at $1500 per month. I think this is another great opportunity for an investor. I... 03/23/2011

Here is your weekly interest rate update: Conventional 30 year Mortgage: 4.75% Credit score:740 LTV:80% Loan Amount:$200k APR: 5.25% FHA 30 year:4.375% Credit Score:640 LTV:96.5% loan amount:$200k APR:5.25% Conventional 15 year:3.875% Credit score:740 LTV:80% Loan Amount:$200k APR:4.625%   Call me today if you are thinking of refinancing or buying a home, for the best mortgage rate possible.  03/23/2011

New Territory is an amazing home development in Sugar Land Texas.  It is part of Fort Bend County, which was recently named the 2nd fastest growing county in Texas.  This is an amazing place to live.  Whether you live in Houston or Sugar land you can not beat New Territory for a place to call home. 03/09/2011

Here is your weekly interest rate update: Conventional 30 year Mortgage: 4.75% Credit score:740 LTV:80% Loan Amount:$200k APR: 5.25% FHA 30 year:4.5% Credit Score:640 LTV:96.5% loan amount:$200k APR:5.375% Conventional 15 year:4% Credit score:740 LTV:80% Loan Amount:$200k APR:4.5%   Call me today if you are thinking of refinancing or buying a home, for the best mortgage rate possible.  03/09/2011

HOME SALES IN NEW TERRITORY - March Update As a fellow homeowner in New Territory, I know how important it is to you to keep informed on the current value of your home and how the recent home sales are affecting the value of your property. I have the expertise and the tools to provide and assist you with your real estate needs, whether we are looking to sell or buy a home here in New Territory. And I am happy to provide you with the following information:  For the month of February 2011, there were:       East of Hwy 99 (on Walker Station side)    West of Hwy 99 (on Brazos ES side)   Home for Sale    28    27   List Price    $199,980 - $540,000    $160,000 - $650,000   New Listings    6    9   Under Contract    6    8   Homes Sold    3    5   Sale Price    $254,170 - $297,500    $147,50... 03/08/2011

  I get about 20-30 emails per day for "Great Investment Property" listings. Most of them take 2-5 seconds to glance at before they get deleted. I love the headlines: "Great Investment Property" and the description for a "once in a lifetime opportunity". Honestly have you ever stepped back and asked yourself what makes this a great investment property? I love asking agents this all the time when they approach me with their listings. An agent will describe the property, the list price, and every physical aspect they can think of. Problem is, most cannot justify what qualifies it as a "great investment" like they claimed. But still some agents continue their proclamation: "This property is a great investment because...." OK Mr or Mrs Agent will you personally guarantee results on this inv... 03/03/2011

Here is your weekly interest rate update: Conventional 30 year Mortgage: 4.75% Credit score:740 LTV:80% Loan Amount:$200k APR: 5.25% FHA 30 year:4.5% Credit Score:640 LTV:96.5% loan amount:$200k APR:5.375% Conventional 15 year:4% Credit score:740 LTV:80% Loan Amount:$200k APR:4.125%   Call me today if you are thinking of refinancing or buying a home, for the best mortgage rate possible.    03/02/2011

Fort Bend County has shown to be the 2nd fastest growing county in Texas per the 2010 Census.  It now has a population of 585,375 and has grown by 65% since 2000.  This is no surprise for those of us that live here in Fort Bend County.  The greatest part of Fort Bend County is the great mix of different nationalities.  Fort Bend County is made of: 23.7% Latinos 36.2% Anglos 21.1% African American 17% Asian This group of people allow for a great mix of culture.  And allows for a diverse group of restaurants and churches.  And Fort Bend County is not done growing.  Judge Bob Hebert believes that the population will get to 1 million residents by 2020.  Within Fort Bend County there were cities with major growth of their own: Katy 87% Arcola 57% Sugar Land 24% Also, Montgomery County came i... 02/24/2011

When getting a mortgage make sure you know what to do and not to do.  This post will deal with what not to do.  Here are the top 5 ways to get your loan denied.  Disputed Accounts  If you have an account on your credit report that you are disputing, you may not get approved for a mortgage.  You must either have it resolved or you must have it removed.  For directions on how to get your disputed account resolved and updated on your credit report, check out: Disputed Account. Open or Applying for New Credit DO NOT APPLY FOR  NEW CREDIT!!!  Once you have applied for a mortgage, do not apply for or open any new credit.  This is for two reasons. Once you are pre-approved for your mortgage it is based on the payments you have.  So if you go and finance a new TV, that payment may get your loan... 02/15/2011

When getting a mortgage it is important to know all your options.  The FHA 15yr mortgage maybe the best option for YOU!.  Over the last couple years FHA loans have become very popular.  They have more lenient guidelines such as allowing lower credit scores (down to a 580).  And they allow higher debt to income ratios, meaning you could buy more home then if you were using a conventional mortgage.  Not to mention they only require a 3.5% down payment.  One more benefit of the FHA loan is the aggressive 15 year mortgage they offer.  Here are some of the HUGE benefits of the FHA 15yr Mortgage: Interest Rate When choosing between a 30yr mortgage and a 15yr mortgage, you need to know the difference.  A 15yr mortgage has a higher monthly payment since you are paying the loan off in a short ti... 02/07/2011

To all my Asian Chinese friends, clients, customers and Realtors, I would like to wish you and your family a very Happy Chinese New Year and I hope this year of the Rabbit will bring everyone good health, prosperity, peace and happiness to all!!!!    Besides English, I also speak Chinese Mandarin and Cantonese and Chinese dialects as in Teochew and Hokkien. If you are thinking of buying or selling a home, I can help. Call me at (832) 472-2113 or email me at Patrick@PatrickLim.com .   02/02/2011

HOME SALES IN NEW TERRITORY - February 2011 Update As a fellow homeowner in New Territory, I know how important it is to you to keep informed on the current value of your home and how the recent home sales are affecting the value of your property. I have the expertise and the tools to provide and assist you with your real estate needs, whether we are looking to sell or buy a home here in New Territory. And I am happy to provide you with the following information: For the month of January 2011, there were:       East of Hwy 99 (on Walker Station side)    West of Hwy 99 (on Brazos ES side)   Home for Sale    27    23   List Price    $207,000 - $540,000    $159,899 - $650,000   New Listings    6    12   Under Contract    4    5   Homes Sold    6    2   Sale Price    $176,600 - $550,000    ... 02/02/2011

Here is your weekly interest rate update: Conventional 30 year Mortgage: 4.75% Credit score:740 LTV:80% Loan Amount:$200k APR: 5.25% FHA 30 year:4.375% Credit Score:640 LTV:96.5% loan amount:$200k APR:5.375% Conventional 15 year:3.875% Credit score:740 LTV:80% Loan Amount:$200k APR:4.5%   Call me today if you are thinking of refinancing or buying a home, for the best mortgage rate possible.  02/02/2011

Here is your weekly interest rate update: Conventional 30 year Mortgage: 4.75% Credit score:740 LTV:80% Loan Amount:$200k APR: 5.25% FHA 30 year:4.5% Credit Score:640 LTV:96.5% loan amount:$200k APR:5.375% Conventional 15 year:4% Credit score:740 LTV:80% Loan Amount:$200k APR:4.5%   Call me today if you are thinking of refinancing or buying a home, for the best mortgage rate possible.  01/26/2011