Raylene Lewis


Raylene Lewis is a happily married Realtor. Her family is comprised of a loving husband, two children, a 5 year old boy and a 3 year old girl, 2 dogs, and a Parrot. Raylene has been selling realestate for the last 8 years with Century 21 and sold 123 property units in 2008. Raylene loves being a Realtor and a Mommy, and as such, she is constantly on a mission to get things done!

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Call: 979-218-2235

Raylene Lewis


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Buying Real Estate Category

Renting a Home in College Station vs Buying One

Renting in College Station VS. Buying in College StationThe biggest advantage of renting a home versus owning one in College Station is that, as a tenant, you are not responsible for fixing something if it breaks. Since it is not your property and thus not your responsibility, you have virtually no home maintenance or updating costs.

A home owner must usually stay in their home for a minimum of 3 years to recoup their expenses and break even when they go to sell their home. A tenant has the advantage of being able to move whenever their lease ends without having to sell their current property and pay closing costs. The cost of selling your home can result in a loss of a substantial amount of money if a home buyer moves after only a year or two of occupancy.

If you don’t know if you are going to be in one area Read the rest of this entry »

Posted by Raylene Lewis | Discussion: 2 Comments »

Buying a Home in Bryan College Station: Knowing When You’re Ready & The Lender

Buying a Home, College Station Tx, Raylene Lewis RealtorBuying a home in Bryan, College Station is a fun and exciting process.  If you are prepared, and have the right professional helping you, it will also be low stress.  A home is the place where you can be yourself, showcase your personality, and spend much of your time for the next several years.

Your home will likely be the most expensive thing you will ever buy, and you want to make sure you find a place that fits your family’s needs, has a good chance of appreciation in value, and does not place you in a stressful situation that you can not afford.

To help you determine if you are ready to buy a home, my first suggestion is to ask yourself a couple of questions:

When you think you are ready, the first place to start is to find out how much of a monthly mortgage payment you can afford.  It is best to find out what you can afford before you start looking at homes. This way you know you are in the right price range and not wasting your time looking at something you can’t have.  This also means that you haven’t missed out on something that was with in your budget and perfect for you!

To accomplish this goal, you will need to visit with a lender. This does not have to be the person you will end up using to complete your home loan, (you will shop around for that later).  You just need a lender to pull your credit score (once) and consider your debt-to-income ratio. 

Your Debt-to-Income ratio is a comparison of your pre-tax income to housing and non-housing expenses.  Examples of Non-Housing expenses are things that are long-term debts, like child support, a car payment, a large credit card bill, or student loans.  The lender will also look at the cash amount that you have available to place towards a home, what your purchasing expenses (closing costs for buying the home) will be and your past credit history.

The loan amount you are approved for does not always determine what price range you will be buying in, but it is a good place to start.  Sometimes the lender will approve you for more than you feel comfortable, so you really need to pay attention to what your total expenses will be every month (your monthly payment) with that loan amount.

Typically, a good rule of thumb is that your monthly mortgage payment should be no more than 31% of your gross income and your mortgage payment combined with your non-housing expenses should be no more than 43% of your total income. 

In Bryan College Station, a good way to ball-park estimate what your monthly payment would be based on the price of the home, is to assume it is around 1%. For example, when you are considering a home that is $150,000 you can roughly estimate your monthly payment to be around $1,500 a month with taxes and insurance on a 30 year loan.  Beware of online mortgage calculators that tell you what you can afford, as most do not consider taxes and insurance.  

Happy Buying!

Articles on Home Buying, Raylene Lewis, Realtor


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Selling Your College Station Home Pre-Foreclosure: The Hardship Letter

Short Sale College Station TexasA hardship letter is just one of many documents that would be required by the lender when beginning the short sale process.

The point of the hardship letter is for the Seller to notify their lending institution of why they can no longer make payments on their property.

There are many reasons why a Seller can no longer pay for the home they are living in.

A few examples include:

The Seller needs to make sure that their hardship letter is reflective of their unique Read the rest of this entry »

Posted by Raylene Lewis | Discussion: 3 Comments »

Pricing a Bryan College Station Home in Today’s Market

There is a big question going on right now on how to correctly price homes for sale in Bryan, College Station given the current state of the market and the economy in general. Everyone has heard that the local area here has not been hurt nearly as bad as the rest of the nation and that is 100% true.

Largely because of Texas A&M University, and because our home prices have never been grossly inflated from their true value, the market in College Station has remained strong.

The problems that I have seen with getting a home sold are predominately 1) the current buyer can not purchase the home they want because they have to sell their out-of-area home first or 2) the current buyer can no longer get approved for the amount they wanted to spend on a home, thus they are not upgrading to a nicer property, and hence no sale.

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Posted by Raylene Lewis | Discussion: 1 Comment »

5 Common Misconceptions about Real Estate in Bryan College Station

1) “All Realtors have access to the same things so it doesn’t matter who I list with.”— The truth is that every Realtor is unique. Since we are independent contractors, we choose what marketing tools pay for and incorporate into our business marketing plan for the houses we sell. Realtors also offer a variety of different services. A few examples include: where and how the property will be marketed, what times the Realtor will make themselves available, what additional services for the client’s convenience are provided, what tools are used to capture buyers looking for homes, and what tools are used convert those buyers to a sale. Read the rest of this entry »

Posted by Raylene Lewis | Discussion: 1 Comment »

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