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  • Keller Williams Realty Northeast - The Michael O'Neal Group Blog

    Friday, February 22, 2019   /   by Michael O'Neal

    What Is Escrow? How It Keeps Home Buyers and Sellers Safe

    What is escrow? In real estate, an escrow account is a secure holding area where important items (e.g., the earnest money check and contracts) are kept safe by an escrow company until the deal is closed and the house officially changes hands.
    Escrow is also a contractual arrangement in which a third party—usually the escrow officer—maintains money and documents until the deal is done.
    How escrow works
    The escrow agent is a third party—perhaps someone from the real estate closing company, an attorney, or a title company agent (customs vary by state), says Andy Prasky, a real estate professional.

    The third party is there to make sure everything during the transaction proceeds smoothly, including the transfers of money and documents. Escrow protects all the relevant parties in a real estate transaction by ensuring that no funds from your lender and property change hands until all conditions in the agreement have been met.
    Along the wa ...

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    Monday, January 21, 2019   /   by Michael O'Neal

    Crawfish Season! 11 Top Spots in The Houston Area

    HOUSTON — Crawfish season is cookin’ again and H-Town is happy. Some of the hottest crawfish spots in the area are already seeing crowds. Where are the best places to enjoy a heaping pile of spicy mudbugs and all the fixings?  We have the top 11, courtesy of VisitHoustonTexas.com

    1. Calhoun’s Crawfish Co.

     The Baytown staple was a clear crowd favorite in VisitHouston’s 2018 poll. Their secret to success? Their very own seasoning, which gives the crawfish a juicy, never dry taste. Add corn, mushrooms, cajun sausage or potatoes for an additional price. Calhoun's Crawfish Co. is open Friday & Saturday from 11:00 a.m. - 9:00 p.m. On Sundays the restaurant opens at noon and closes when the crawfish are gone
    2. Crawfish Shack

    Many votes were cast for this favorite by locals who loved the authentic Cajun taste.  Their original location is in Crosby and there’s also one in Magnolia. Whether you eat there or get your crawfish at th ...

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    Friday, January 11, 2019   /   by Michael O'Neal


    Sluggish December sales and limited housing supply can’t slow down overall real estate activity for the year

    HOUSTON — (January 9, 2019) — The Houston real estate market set new records in 2018 despite uncertainty across the region when the year began, with many survivors of Hurricane Harvey still rebuilding their homes and lives. Single-family home sales for the full year surpassed 2017’s record volume by nearly four percent. However, as 2019 gets underway, housing inventory remains constrained – still sitting below its more balanced pre-Harvey levels.
    According to the Houston Association of Realtors’ (HAR) 2018 annual report, single family home sales rose 3.8 percent to 82,177 while sales of all property types totaled 98,323, a 3.7-percent increase over 2017’s record volume. Total dollar volume for full-year 2018 jumped 21.5 percent to a record-breaking $28 billion.
    “We entered 2018 cautiously optimistic that the H ...

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