Wednesday, January 25, 2012

Lake Conroe Facts

Are you heading to Lake Conroe this weekend?  Here are some facts that you might find interesting:  Highway 105 crosses at the southern edge of the lake, FM 1375 on the northern edge, and FM1097 slices through the middle.  The length of Lake Conroe is 19 miles, while the width is 5 miles.  Planning for the water reservoir came about after a 7 year drought in the 1950's.  Building the dam started in 1968 and the project was completed in 1973.  The project was a joint venture with the City of Houston, which has rights to 2/3 of the water supply in the reservoir.  This explains why, during the drought of 2011, the City of Houston was permitted to drain off water from an already low lake because they needed the water supply.  November 20, 2011 the Mayor's office announced that the City of Houston would suspend the release of water.  Now we watch and wait for the water to rise.

Can projections be made to adequately give us a time frame of how long it will take our parched lake to return to normal?  No!  January 10th, 2012 the San Jacinto River Authority posted a report titled, "Lake Conroe's Level Rebounds."  Blake Kellum, the Lake Conroe Division Manager, reports that 2-4 inches of rainfall that week had risen Lake Conroe's level approximately 3/4 of a foot to an elevation of 193.79 mean sea level (normal pool is 201msl).  This report can be found at www.SJRA.net under "Quick Links" select "Lake Conroe - Lake Report"  The San Jacinto River Authority holds fast to any predictions of what length of time for us to see a normal lake level will be false.  It all depends on how much rain, how often we have rain, and how fast the rain falls. As a matter of fact, simply while writing this blog the website has reported a rise of the lake to 194.07msl!  This is good news, check the website often for up to date information and reports.

If you are planning on bringing your boat be sure to check the San Jacinto River Authority website www.SJRA.net  for the list of Public Boat Ramps Open.  Currently they are listing Kagle Recreation Area, Lakeview, and Stow-A-Way Marina as Open boat ramps.  There is also a google map tab on the website to help you locate the open and also the closed ramps.  You will find phone numbers for many of the ramp sites.  I suggest calling before you arrive to confirm information.

Now that we have covered the facts of Lake Conroe let's take a moment to review some of the facts of Real Estate in the Conroe, Montgomery and Willis market areas that have communities on the lake front.  After reviewing Sold statistics from the summer 0f 2006  and the last 6 months I am finding that property on the lakefront is lowered by approximately $15 - $20 per square foot.  Those statistics were gathered from a prestige golf course community, with properties situated on Lake Conroe.  Does this mean that Buyers can automatically think all Sellers will reduce their asking prices?  No!  A Buyer needs an experienced Buyer's Representative to help them compare Sold statistics in the neighborhood in order to place a reasonable offer and negotiate a purchase.  Many of the Luxury home sites are reducing the selling price by thousands of dollars.  While more modestly price homes, that are priced correctly on MLS are selling right on the money of the list price in MLS.  Do not assume that you can automatically place a low offer and have it accepted by the seller.  This is where the knowledge from your Realtor® becomes very important.

I would love to be your Realtor® for the Lake Conroe area in Conroe, Montgomery or Willis.  Let's talk about whether you are looking for a second home with characteristic and extreme get away quietness from the hustle and bustle of city life ... maybe a log home community tucked away in the tall pines of the Sam Houston National  Forest (Wildwood Shores), or perhaps you telecommute and would like the views of the forest while not being quite as far away (Corinthian Point).  Are you looking for a maned gated community off 1097 (Point Aquarius)?  Do you want golf course, social clubs and lake amenities (April Sound or Bentwater)?  Perhaps some where you could live year round with reasonable commuting drives into the City of Houston (White Oak Landing or Longmire on the Lake),  These are just a few of my suggestions.  We need to sit down and talk about your Dream Home on Lake Conroe so that I can help you shop for that special location!

Standing by to be your Realtor® ...Call now Judy Reynolds at 936-203-7761!

Saturday, January 7, 2012

Tax Deductions and Home Ownership

January 7, 2011 .... it's time to begin those dreaded tax forms.  So where do we go from here?  First things first:  New Turbo Tax and Quicken programs have been purchased from Staples.  Did you know it is easy to claim those rebates from Staples online?  That part is simple and can be finished in a matter of minutes.

Now here is another perk to owning your home versus renting your dwelling space.  There are marvelous deductions when it comes to home ownership.  Information will be based on http://www.irs.gov/publications/p530/ar02.html  Let's take a look:

4 Primary Deductions:
1.  Real Estate Taxes
2.  Sales Taxes
3.  Home Mortgage Interest
4.  Mortgage Insurance Premiums

The above IRS link spells out exactly what can and cannot be deducted.  Read through it carefully.  Certainly Quicken makes filling easier,  if you have questions seek advise from a professional.

To be continued...

Thursday, January 5, 2012

File Your Homestead Exemption Now

The time is now to File your Homestead Exemption. You may apply for homestead exemptions on your principal residence. Homestead exemptions remove part of your home's value from taxation, so they lower your taxes. Additional information for rules governing the Homestead Exemptions can be found on the Texas Comptrollers website, http://www.window.state.tx.us/taxinfo/proptax/exmptns.html    For those of us in Montgomery County, Texas who need the forms they can be found at http://www.mcad-tx.org/html/forms.html There are some changes this year if you are new to filing so pay special attention to the documents that must be copied and sent with the form. If you are ready to search for property in Conroe, Willis, The Woodlands, or Spring your search can begin at www.JudyReynolds.net  Let's get you moving this year while interest rates are low!

Wednesday, January 4, 2012

Know risks when forgoing inspection contingency

Know risks when forgoing inspection contingency The article is a must read if you are even considering saving a few dollars in a Buyer's transaction. Did you know that even new homes need an inspection? It's amazing but contrators for builders actually make mistakes. Yes I am being sarcastic. However, when an inspector does find, for example, wiring issues or plumbing issues then everything is documented and photographed (hopefully your inspector is taking snapshots). If you are purchasing a home in the Conroe, Lake Conroe, The Woodlands, or Spring areas be sure to search for property on my website . I will walk you through the transaction and make sure you have a list of Inspectors in our area.

Monday, January 2, 2012

 
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This docking station is at Cypresswood and I-45 in Spring, Texas, located in the Walgreens parking lot. It's the first one I have ever seen. So we pulled forward just to gawk and read about it. More information can be found www.evgonetwork.com I do have to add that as we sat there a pick up pulled forward to gawk just like we were doing. How long do you think it will be before this is the mode of travel? Search for homes in Spring, Texas at http://www.JudyReynolds.net If you are specifically searching Green homes try choosing Discovery Trails as the subdivision.

Sunday, January 1, 2012

Twenty Twelve

As I pronounce, January 1, 2012, the words "Twenty Twelve," have a ring that is music to my ears. This year holds new promise to my career as I begin my position at Register Real Estate. Shannon Register, my Broker, has a contageous excitement for real estate. She has already provoked new ideas for me to use in marketing my Conroe/Lake Conroe areas. I will also be expanding marketing into the southern area of Montgomery County and the North Harris County area of Spring. Easy home searches can be performed by the consumer at http://JudyReynolds.net and when contacted, my quick response will remain constant. Let Twenty Twelve bring blessings to us all and the music of success ring in all of our ears!