5 Bedrooms, 2.5 Baths
Home Size: 3,113 sq ft
Lot Size: n/a sq ft
Year Built: 2000
Offer Price: Low 120′s!!!
Approximate Value: $190,000
Equity: $65K + (35%)
Area:US-59 and FM-2759
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713.952.3200
Hablamos Espanol
5 Bedrooms, 2.5 Baths
Home Size: 3,113 sq ft
Lot Size: n/a sq ft
Year Built: 2000
Offer Price: Low 120′s!!!
Approximate Value: $190,000
Equity: $65K + (35%)
Area:US-59 and FM-2759
These beautiful homes are just a “handful” of what is on the market – If you would like to see ALL Cypress homes under $130K, please click on the link below and schedule a showing.
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(all data current as of
2/4/2012)
Listing information deemed reliable but not guaranteed. Read full disclaimer.

3 Bedrooms, 2.5 Baths
Home Size: 2,020 sq ft
Lot Size: 7,575 sq ft
Year Built: 1977
Asking Price: $74,000
Approximate Value: $116,000
Equity: $42,000 (36.20%)
Area: Stuebner Airline and Louetta


4 beds, 2 baths
Home Size: 2,550 sq ft
Lot Size: 8,280 sq ft
Year Built: 1976
Asking Price: $97,900
Approximate Value: $130,000
Equity: $32,000 (24%)
Area: Spring Branch


3 beds, 2 baths
Home Size: 1,406 sq ft
Lot Size: 5,400 sq ft
Year Built: 1983
Asking Price: $70,000
Approximate Value: $108,000
Equity: $38,000 (35%)
Area: Spring Branch



3 beds, 2 baths
Home Size: 1,658 sq ft
Lot Size: 7,222 sq ft
Added: 12/28/09, Last Updated: 02/01/10
Property Type: Rental
MLS Number: 18807444
Community: Brazoria County
Tract: Winfield At Silver Lake
One of a kind home for lease in a culdesac in the heart of Pearland. Hardwood floors in the living room with dramatic fireplace. Open, functional floorplan that flows great. Lovely kitchen, perfect for entertaining complete with all new energy efficient appliances (white) including the refrigerator. Also provided: new washer and drier (gas). Large master bedrom with vaulted ceilings and new plush carpeting. Master bathroom with double sinks, separate tub and shower and great closet space. Hurry!
Listed with Signature Real Estate
3 beds, 2 baths
Home Size: 1,973 sq ft
Lot Size: 15,307 sq ft
Added: 01/02/10, Last Updated: 01/26/10
Property Type: Single-Family
MLS Number: 93647524
Community: North
Tract: Kenswick Sec 6
Stunning Residence in a private cul-de-sac has been meticulously maintained and updated by its original owner. Red brick facade, mature trees and an immaculate front yard provide an inviting curb appeal. Once inside, the home is full of character: Functional floor plan – Large living space with woodburning fireplace and laminate floors; open island kitchen with ceramic floors perfect for entertaning. The back yard is to die for with its screened-in outdoor living space. Dont miss it!
Listed with Signature Real Estate
3 beds, 2 full 1 part baths
Home Size: 2,377 sq ft
Lot Size: 0 sq ft
Added: 12/02/09, Last Updated: 01/23/10
Property Type: Single-Family
MLS Number: 37575523
Community: Ft Bend East
Tract: Quail Valley Thunderbird W S
Handiman Special! Two story SHORT SALE in Quail Valley Thunderbird in close proximity to Highway 6 and great shopping, schools, golf and more. Property needs some cosmetic TLC but priced over $35k below market value to reflect condition. Big back yard backs up to creek with no back neighbors.
Listed with Signature Real Estate
3 beds, 2 full 1 part baths
Home Size: 2,090 sq ft
Lot Size: 5,700 sq ft
Added: 01/21/10, Last Updated: 01/21/10
Property Type: Single-Family
MLS Number: 67938429
Community: Northeast
Tract: Atascocita Shores
Immaculate lakeview residence in Atascocita Shores: Lovely golf course community – Lake Houston and wonderful sunsets are one street and you can admire them from the great deck. Excellent curb appeal + Remodeled island kitchen with updated cabinetry and Corian countertops. Laminate wood floors throughout the first level. Modern architecture with its sunken living room, dramatic ceilings + lots of natural light. Huge master with access to the deck. Upstairs bedroom with balcony overlooks the lake
Listed with Signature Real Estate
4 beds, 2 full 1 part baths
Home Size: 2,698 sq ft
Lot Size: 10,715 sq ft
Added: 01/20/10, Last Updated: 01/20/10
Property Type: Single-Family
MLS Number: 22927553
Community: Northeast
Tract: Canyon Gate At Park Lakes Se
Exquisite Energy Efficient Residence built by Chesmar in the prestigious gated community of Canyon Gate at Park Lakes. Wonderful & functional Clarinda floor plan with master down. Lovely kitchen has been upgraded with granite countertops, stainless steel appliances and premium tile floors. Dramatic two story living room with architectural windows and cozy carpeting. Beautiful master bedroom with crown molding and vaulted ceilings + Master Bath Suite. Priced to Move!
Listed with Signature Real Estate

3 beds, 2 baths
Size: 1,658 sq ft
Lot Size: 7,222 sq ft
Added: 12/28/09, Last Updated: 01/13/10
Property Type: Rental
MLS Number: 18807444
Community: Brazoria County
Tract: Winfield At Silver Lake
The price of this listing was last reduced on 1/14/2010 by 5%
One of a kind home for lease in a culdesac in the heart of Pearland. Hardwood floors in the living room with dramatic fireplace. Open, functional floorplan that flows great. Lovely kitchen, perfect for entertaining complete with all new energy efficient appliances (white) including the refrigerator. Also provided: new washer and drier (gas). Large master bedrom with vaulted ceilings and new plush carpeting. Master bathroom with double sinks, separate tub and shower and great closet space. Hurry!
Listed with Signature Real Estate

4 beds, 2 baths
Size: 2,131 sq ft
Lot Size: 0 sq ft
Added: 12/21/09, Last Updated: 01/07/10
Property Type: Single-Family
MLS Number: 24594834
Community: Ft. Bend West
Tract: Stratford Park Village One
Stunning home by Ryland kept in immaculate condition – Inviting Curb Appeal, Luxurious formal dining with wood floors to the right, On the left is a wonderful island kitchen perfect for entertaining complete with a large breakfast nook. Beautiful ceramic floors laid in brick pattern in the open large living room with lovely wood burning fireplace and high ceilings. Vaulted ceilings also in the master suite complete with master bath retreat. No back neighbors! Won’t Last..
Listed with Signature Real Estate

3 beds, 2 baths
Size: 1,658 sq ft
Lot Size: 7,222 sq ft
Added: 12/28/09, Last Updated: 12/28/09
Property Type: Rental
MLS Number: 18807444
Community: Brazoria County
Tract: Winfield At Silver Lake
One of a kind home for lease in a culdesac in the heart of Pearland. Hardwood floors in the living room with dramatic fireplace. Open, functional floorplan that flows great. Lovely kitchen, perfect for entertaining complete with all new energy efficient appliances (white) including the refrigerator. Also provided: new washer and drier (gas). Large master bedrom with vaulted ceilings and new plush carpeting. Master bathroom with double sinks, separate tub and shower and great closet space. Hurry!
Listed with Signature Real Estate
3 beds, 2 baths
Size: 1,973 sq ft
Lot Size: 15,307 sq ft
Added: 01/02/10, Last Updated: 01/04/10
Property Type: Single-Family
MLS Number: 93647524
Community: North
Tract: Kenswick Sec 6
Stunning Residence in a private cul-de-sac has been meticulously maintained and updated by its original owner. Red brick facade, mature trees and an immaculate front yard provide an inviting curb appeal. Once inside, the home is full of character: Functional floor plan – Large living space with woodburning fireplace and laminate floors; open island kitchen with ceramic floors perfect for entertaning. The back yard is to die for with its screened-in outdoor living space. Dont miss it!
Listed with Signature Real Estate
3 beds, 2 full 1 part baths
Size: 2,377 sq ft
Lot Size: 0 sq ft
Added: 12/02/09, Last Updated: 12/02/09
Property Type: Single-Family
MLS Number: 37575523
Community: Ft Bend East
Tract: Quail Valley Thunderbird W S
Handiman Special! Two story SHORT SALE in Quail Valley Thunderbird in close proximity to Highway 6 and great shopping, schools, golf and more. Property needs some cosmetic TLC but priced over $35k below market value to reflect condition. Big back yard backs up to creek with no back neighbors.
Listed with Signature Real Estate
Transactions involving bank foreclosures come with their own original set of difficulties, and that’s not even counting obstacles created by institutional red tape and incompetence. So it’s only natural that when Buyers are looking to purchase REO foreclosures (assets owned and liquidated by banks), plenty of questions arise. As they should. Given that we love answering questions, it made sense to put together a list of the 10 questions most frequently asked by home buyers and demystifying them with some straight forward, plain speak answers. So, without further ado:
Q: Where can I get a list of foreclosure properties and how much does it cost?
The Foreclosure Secret will tell you in no uncertain terms where I stand when it comes to online services pimping foreclosure lists of publicly available information. Bottom line: 99.8% of bank foreclosures are listed on the MLS by real estate agents, which means the information is available to everyone and anyone.
Q: How long does it take banks to respond to an offer on a foreclosure property?
This is an answer you will hear often when dealing with banks: It Depends. Most banks will respond within 48-72 hrs but some may take as long as two weeks. Patience is definitely a virtue when dealing with this institutions. Long waiting periods stem from bank staff being slammed with a volume of properties they not accustomed to handling.
Q: Can I have an inspection once I’m under contract to purchase the foreclosed property?
Absolutely YES! In the past few years we have been involved in a few hundred transactions with bank owned property and every single one of them we’ve been granted an inspection period. The length of time varies from bank to bank but it’s usually 5-10 days, which is plenty of time to perform a thorough inspection.
Q: Do all foreclosures need a lot of repairs?
It Depends
. Some properties are in move in condition, some require a facemask to access, most need some cosmetic TLC like paint, carpet and light fixture replacement, appliances. However, in most cases, the deal that you get on these properties makes up for these repairs and then some.
Q: Do I have to offer the asking price?
You are under no restrictions to offer any amount. If the question is “What would you need to offer to be the winning bid”, the answer is “It depends on the property”. If the property has been on the market forever and the bank is motivated to move it off its books, they’ll negotiate. On the other hand, if the property has 10 offers on its debut day on the market, chances are the winning bid would have to be at or over full price. Supply and Demand.
Q: Do I need a preapproval letter to make an offer on a bank owned foreclosure?
The preapproval letter is ANY Buyer’s passport into the housing market, but this is especially true when they’re purchasing foreclosures. All banks require preapproval letters attached to the offer for it to be considered valid and submitted. Best strategy is to get pre-approved for a mortgage prior to looking for a home so you know your purchasing power.
Q: How much earnest money is required on a foreclosure?
Typically banks will specify the required amount of earnest money in the listing, but in the Houston foreclosure market I’ve never seen it be less than $1000 for average priced properties (up to about $150k). Higher priced properties require higher deposits.
Q: Can I negotiate repairs or price reductions after the inspection?
Bank owned homes are sold “as-is” so any repairs needed in the home are best reflected in the original offer. But sometimes, there might be issues uncovered during the inspection that are not evident to the naked eye. i.e. A/C not working, termite issues etc. In these cases, it is perfectly fine to go back to the Bank and request the issues repaired or an allowance issued to cover the cost. In general, banks prefer giving allowances to repairing issues but sometimes they prefer neither and simply turn down the request. At that point, the buyer can walk away from the deal or continue on.
Q: Can I purchase bank owned foreclosure using same financing as a resale home?
In most cases, foreclosures can be purchased using conventional financing terms as any other property. The only exceptions occur when the condition of the property is so poor that the lender will refuse to finance the property. However, if the property simply needs cosmetic attention: paint, carpet replacement etc, banks will not have a problem issuing a mortgage on it.
There you have it: 9 Common Questions about Foreclosures, Answered. We’d love to add to this list. Do you have any questions about buying Houston Foreclosures? Ask them in the comments and we’ll provide straight answers for you.
Photo Credit: Oberazzi
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Erion Shehaj helped us buy our first home this summer. During the entire home buying process, we found Erion to be very knowledgeable, efficient, and client oriented. He spent considerable time working with us to find the right house. Erion (and his wife) were upfront about the homes we viewed and gave us an unbiased picture of all the properties. After each house hunting trip, he would quickly complete additional research (recent sales/listings) for us to review.
Sarah and Jas
I tried for 3 months to find a foreclosure home and get a contract without any success. I found Erion online and contacted him. Within a couple of weeks he found me a house that I purchased and flipped within 60 days. He was always responsive to my many phone calls and emails and never made me feel as if he was too busy for me. Great experience. Ready for another investment...
Shellie Long
Welcome and please make yourself at home. My name is Erion and I am the broker owner of Signature - the local, family owned company I founded with my wife Nelia in 2006. Our business is built on providing advice, service and representation that gets five star ratings from our clients. I am a UH Alumni with degrees in Accounting and Finance. Most importantly, I'm always here to help. If you need anything, call me on my cell at (713) 922-2702
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