Round Rock, Austin and Georgetown real estate and homes for sale in Texas - Russell Phillips, REALTOR® Russell Phillips REALTOR(r) for Round Rock, Austin and Georgetown, Texas real estate - NUMBER1EXPERT™ Russell Phillips NUMBER1EXPERT(tm) for Round Rock, Austin and Georgetown, Texas real estate
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Russell Phillips, REALTOR®, real estate agent and broker for Round Rock, Austin and Georgetown Texas home listings, property and land for sale - NUMBER1EXPERT(tm)
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First Time Homebuyers: Round Rock, Austin and Georgetown Texas home buying, real estate listings, and homes for sale in Williamson and Travis County, TX
Welcome > For Buyers > First Time Homebuyers ...


Buying Your First Home? REALTORS® Are Your Professional Guides. Make Sure You Choose a Top Expert. 

You might be a bit afraid or intimidated by the whole process of buying your first home. As a top Round Rock, Austin and Georgetown real estate expert, it's my job to guide you, from beginning to end. 

I will take the time to go through each and every step of the buying process. There are no dumb questions! 

Together, we will consider: 

- How much can you really afford? 

- How to qualify for a mortgage. 

- How much cash you should put down. 

- How to buy a home with little or nothing down. 

- What it takes to get approved for financing. What banks and other financial institutions are looking for. 

- How much your payments will be. 

- The tax advantages of buying. 

- Is renting or buying better for you? 

Tell me a bit about your situation below. I'll get right back to you. There is absolutely no charge, and I offer this to you with no strings attached. 

New to the home buying process? Tell me your concerns. Ask me questions. It's my job to help! There's no obligation, and I promise to get back to you quickly... 

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Real Estate Tips
First Time Buyers >Insuring Your Home

Many home buyers are concerned about whether they have an insurable interest in the property before the actual closing. The answer is an unqualified "yes". Although the buyer is not yet the recorded owner of the property, he or she has an insurable interest in the property as soon as the agreement of sale is executed by both the buyer and seller.

Should you get hazard insurance before the closing? It depends. Buyers do not usually insure a property until the title passes to them from the seller. However, it's wise to know what the agreement between you and the seller stipulates with regard to insurance.

Most agreements state that the property will be insured for a specific amount. This is very important to both parties. From the buyer's point of view, it is also critical that an adequate sum or full replacement value be stipulated. Watch out for agreements which read "as now insured". This is an all-too-common practice which usually indicates that the seller does not to want to increase inadequate insurance coverage.

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Real Estate Trivia
Q 
What does the term ARM stand for?

A 
An ARM is an Adjustable Rate Mortgage, a loan where the interest rate is tied to an economic index that fluctuates with the market.
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Russell Phillips, REALTOR®, real estate agent and broker for Round Rock, Austin and Georgetown Texas home listings, property and land for sale - NUMBER1EXPERT(tm)

Russell Phillips
Moreland Properties

823 S. Austin Avenue
Georgetown, TX. 78626
512-698-RUSS (7877)
512-868-1771 x182
Fax: 512-233-2250
Email: russ@moreland.com

In his first year as a residential real estate agent, he was awarded the prestigious title of “Rookie Realtor of the Year” from both Moreland Properties AND his Board of Realtors. The very next year, he came up just shy of being the Top-Producer in his office! His background also includes development, with a beautiful lakefront project. In addition, he currently serves as a Planning and Zoning Commissioner. Russell attributes his success to a solid work ethic, an understanding of the market, and the care and concern he holds for each client in a very personal transaction.

Equal HousingGRIREALTOR


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