Washington Corridor Newsletter October 2013 Edition

What’s the buzz on the Washington Corridor?

Hmmm… Yummy. I am always happy to hear about Austin based restaurants coming to Houston, especially to the Heights!! No other place in Houston feels more like Austin than the Heights to me. Guess I am not the only one. “Keep Austin Weird” and I mean that in a good way for those of you that don’t get to Austin often.

Torchy’s Tacos Keeps Expanding, but It Just Got Torched in Houston

TorchysTacosTorchy’s Tacos, which began several years ago out of a trailer in Austin, is busy with expansion plans. A new spot in Allen opened a couple of weeks ago and, per the Dallas Biz Journal, the SMU location has a sign out front promising it will be “opening soon.”

And the Lakewood Advocate reported Torchy’s is also planning a new spot in the Casa Linda Shopping Center, although it won’t open until possibly the end of summer.

But Torchy’s move into Houston got a little touchy recently.

Alison Cook of Houston went to the Torchy’s hoping to “replicate an idyllic interlude” that she experienced under the oaks in Austin at the original Torchy’s. But she found sub-par tacos and a manager willing to fight to the death to get his menu back from her (he’s just “organized”).

Well, Torchy said “bring it” in the comment section of the negative review, and then offered a free taco to any Houstonian who brought a copy of the post.

See, commenting on blogs isn’t a waste of time. Get to writing people. Channel that hostility.

The comments in the post got everyone pissed and throwing tacos at each other and bitching about how Austin is too “weird” to have good tacos anyway. Then they started boasting about their city’s new tag line: Keep Houston Normal.

Article from Dallas Observer by: Lauren Drewes Daniels

– YOUR Inner Loop Real Estate Team FEATURED LISTING!!!!
1803, 1805 & 1807 JOHNSON
2206 & 2208 HUTCHINS
Stunning three story contemporary Townhouse in Sabine and Washington East.  The property features 2 bedrooms plus Loft or option for a third bedroom, 3/1 baths, open Chef kitchen on the second floor.
Freestanding 2 Story, 3/2.5, 2-car garage home designed to be architectural & exquisite, inside & out, appealing to buyers who want to live in a modern, unique residence that will provide an elegant lifestyle. Absolutely wonderful 3 bedroom, 3 and 1/2 bathroom condo. Each bedroom with a bathroom. Approximately 2739 sq ft of luxurious space featuring hardwood floor, tile, and carpet.
For Sale From: $350,000
MLS# 93382889
MLS# 33895117
MLS# 18649745
For: $374,900
MLS# 51220482
MLS# 68694310
For Sale: $470,000
MLS# 69716114
– Real Estate News

Put it in Reverse

coupleHave you heard about reverse mortgages, but wondered if they were for you? If so, here’s a rundown on what they are and whom they can benefit.

They are called reverse mortgages because instead of an individual paying a lender, the lender pays the homeowner while repayment of the loan is deferred. Sometimes they are also called life mortgages. A reverse mortgage differs from other loans in that to qualify, there are usually no income requirements or credit checks. Additionally, the state of your health can not affect your participation.

Typically, borrowers 62 and over who own their homes outright are eligible for reverse mortgages. These loans can be a huge benefit as they convert some of the homes equity into tax-free money without your selling the home or relinquishing the title. The money from a reverse mortgage can be used any way you choose: for monthly living expenses, a vacation, remodeling, or any other financial needs you have.

There are often four payment choices in reverse mortgages:
1) Lump sum
2) Monthly amount for a set period
3) Line of credit
4) A combination of any of the above

The amount of money you can receive may be affected by your areas lending limit, your homes value, interest rates, and your age (or the age of the youngest spouse). Your reverse mortgage repayment typically is deferred to when your home is sold, you move out, or upon the death of the last surviving borrower.

Many people of retirement age own their homes outright but cant afford to maintain their retirement without the assets tied up in their homes. For those individuals, a reverse mortgage may be the perfect solution. But keep in mind that interest accrues over the entire life of the loan, and will have to be repaid after your home is sold. The good news is, as long as you live in the home and pay the property taxes, you can never outlive a reverse mortgage. If you’re interested in a reverse mortgage, give me a call at PHONE NUMBER. Ill be glad to go into more detail. And as always, there’s no obligation.

SNMC“A friend of a friend is someone we would like to know. Our satisfied clients are our best resources for new business. In this very competitive business of real estate mortgages, service makes the difference. Our service is second to none and has earned us a valuable source of referrals. Please give us an opportunity to earn your business. We are confident you will be very happy!”

2420 Washington Avenue, Houston, TX 77007
Allen Harry, NMLS #259568, Co. NMLS # 3116

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