All About Texas Real Estate

By RPDFW @ Salas Home Team, #1 Team in Real Estate Specialty Services
(Realty Preferred DFW)
¿Está buscando convertirse en un comprador de vivienda por primera vez?Aquí hay 3 cosas que quizás no sepa acerca de contratar a un agente de bienes raíces.👇1.- No te cuesta nada. ¡Los agentes de bienes raíces obtienen una comisión del vendedor, no una tarifa de usted!2.- Cada agente tiene su especialidad. Busque un agente que se especialice en ayudar a los compradores de vivienda primerizos a encontrar su nueva cuna.3.- Asegúrate de vibrar con tu agente inmobiliario. ¡Son su defensor en el proceso, allí para representarlo a usted y sus necesidades!¿Tiene alguna pregunta sobre la contratación de un agente de bienes raíces? Sigamos con la conversación en los comentarios.¡No espere más para convertirse en comprador de vivienda por primera vez!Hablemos hoy.
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By RPDFW @ Salas Home Team, #1 Team in Real Estate Specialty Services
(Realty Preferred DFW)
Are you looking to become a first-time homebuyer?Here are 3 things you might not know about hiring a real estate agent.👇1.- It doesn’t cost you anything. Real estate agents get a commission from the seller, not a fee from you!2.- Every agent has their specialty. Look for an agent that specializes in helping first-time homebuyers find their new crib.3.- Make sure you vibe with your real estate agent. They’re your advocate in the process, there to represent you and your needs!Have any questions about hiring a real estate agent? Let’s keep the conversation going in the comments.Don't wait any longer to become a first-time homebuyer!Let's talk today. 
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
The 3 Factors That Affect Home Affordability If you've been following the housing market over the last couple of years, you've likely heard about growing affordability challenges. But according to experts, the key factors that determine housing affordability are projected to improve this year. Selma Hepp, Executive, Deputy Chief Economist at CoreLogic, shares:. . . with slowly improving affordability and a more optimistic economic outlook than previously believed, the housing market could show resilience in 2023.The three measures used to establish home affordability are home prices, mortgage rates, and wages. Here's a closer look at each one.1. Mortgage RatesMortgage rates shot up to over 7% last year, causing many buyers to put their plans on hold. But things are looking different tod...
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By Dorie Dillard Austin TX, NW Austin ~ Canyon Creek and Spicewood/Balcones
(Coldwell Banker Realty ~ 512.750.6899)
Agents, do you know what top 5 skills sellers are looking for in an Agent? 2023 is here and sellers are looking to agents for a certain skill set to sell their home along with a high level of proficiency. They know just putting a home in the MLS is not going to illicit 10 offers. That era has come and gone.The market has shifted and sellers are interviewing with 5 top skill sets in mind:u Marketing! What comprehensive plan have you created?u Ability to sell within a timeframe.u Competent advice on competitive pricing.u How will you identify the buyer and capture their attention?u Home improvement advice for best pricing.   Are you ready to address these needs of today’s sellers? Your reputation of the “trusted, get it done agent” should exemplify all these skills. If they don’t, then br...
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By Patricia Feager, MBA, CRS, GRI,MRP, Selling Homes Changing Lives
(DFW FINE PROPERTIES)
🤩Happy Friday! Things have resumed back to normal or at least better in Flower Mound, TX than it started on Monday! I finally got mail delivered today. I did not receive any cards, letters from friends or family, or money either. The two advertiser magazines that were delivered are headed for the dump (whenever the Garbage Services resume). Whew! Texans are glad the severe winter weather is over! Not a single snow flake was added to the deep snow since the last time I posted about the terrible weather we had that caused everything to shut down. My snow shovels are down from the attic but have not been used since I left Illinois in March 1997. Did you know that today, February 3 is NATIONAL WEAR RED DAY? Go red for Women is the American Heart Association's national movement to end heart ...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
Why You Shouldn't Fear Todays Foreclosure HeadlinesIf you've seen recent headlines about foreclosures surging in the housing market, you're certainly not alone. There's no doubt, the stories in the media can be pretty confusing right now. They may even make you think twice about buying a home for fear that prices could crash. The reality is, the data shows a foreclosure crisis is not where the market is headed, and understanding what that really means is mission critical if you want to know the truth about what's happening today. Here's a deeper look.According to the Year-End 2022 U.S. Foreclosure Market Report from ATTOM, foreclosure filings are up 115% from 2021, but down 34% from 2019. As media headlines grab onto this 115% increase, its more important than ever to put that percentag...
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By Tracy Lee Parker, Buy*Sell*Rent
(RE/MAX DFW Associates)
Luxury Homebuilder in Royse City Texas High end living has come to Royse City Texas ! This is a builder who has been building in Texas for many years but has developed  this new high end, architecturally designed home with very modern floorplans & eye catching exteriors that everyone loves.  These particular homes are in Royse City on one acre lots, giving you the country feel but close to everything!  Chef Inspired Kitchens Luxurious Owner Suites & Baths  Striking Exteriors  Sophisticated Interiors  Safety & Energy Efficient Features  They have two February ready to move in homes that range from:  4-5 Bedrooms 3-4.5 Bathrooms 3 car Garages 3410 -4259 square feet 1-1.5 Stories $799,000-$876,000 Their modern design really caught my eye when I visited the model  the minute I walked in the...
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By James Potenza New Home REALTOR®, Don't go to the builder without a new home Realtor
(Houston New Home REALTORS - Potenza Team)
How to Navigate the Houston New Construction Housing Market with Current Interest Rates. TIP: Find a builder that offers cash to help buy down your interest rate. Contact James Potenza 800-301-9122  james@newhomejames.comHouston is one of the fastest-growing cities in the country, attracting both new residents and new construction. As a homebuyer in Houston, it can be overwhelming to navigate the housing market and determine the best option for your situation, especially when interest rates are constantly fluctuating.In this post, we will examine the current interest rates in Houston and how they impact the cost of buying a new construction home. We'll also provide some tips for securing the best interest rate possible and making informed decisions when purchasing a new home.First, let'...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
Why It Makes Sense To Move Before SpringSpring is usually the busiest season in the housing market. Many buyers wait until then to make their move, believing its the best time to find a home. However, that isn't always the case when you factor in the competition you could face with other buyers at that time of year. If you're ready to buy a home, here's why it makes sense to move before the spring market picks up.Spring Should Bring a Wave of Buyers to the MarketIn most years, the housing market goes through predictable seasonal trends in activity. Winter is typically a quiet point in the year, while spring sees a surge of buyers begin their search. And experts project that this year will be no exception. Right now, buyer demand is low due to a combination of normal seasonal trends and ...
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By Patricia Feager, MBA, CRS, GRI,MRP, Selling Homes Changing Lives
(DFW FINE PROPERTIES)
This is my submission for the February 2023 Challenge hosted by Debe Maxwell, CRS with Brian England from ActiveRain. The objective for this challenge is to introduce you to where I live and work. If you ever flew to or from DFW International Airport, there is a very good chance you flew over my house. To drive to the Town from DFW International Airport it takes about 17 minutes or 3 miles north of the Airport, 20 miles NW of Dallas, and 25 miles NE of Fort Worth. What you eventually come to when you drive down 2499 or Long Prairie Road from DFW Airport is the intersection of 2499 (Long Prairie Road) and 3040 (Flower Mound Road). To the right of the cross roads, is the Mound which I photographed below. During spring, it is covered in wildflowers. Before sunrise on Easter Sunday morning,...
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By RPDFW @ Salas Home Team, #1 Team in Real Estate Specialty Services
(Realty Preferred DFW)
Cerrar una casa: ¿cuánto tiempo lleva?Comprar una casa es emocionante, pero puede parecer que lleva una eternidad pasar de la oferta a la mesa de cierre.En promedio, toma de 30 a 45 días llegar a la mesa de cierre, y eso es una situación perfecta. A veces puede cerrar más rápido o más lento, pero tenga en cuenta de 30 a 45 días al firmar un contrato de venta.El proceso para cerrar una casaEl proceso de cierre de la casa es complejo. No solo debe encontrar la casa que desea comprar, sino que también debe resolver su financiamiento. Aquí hay un resumen rápido de la línea de tiempo típica.Obtenga una aprobación previaComience el proceso obteniendo una aprobación previa con un prestamista. Esto le dice cuánto puede pagar, en qué términos y condiciones debe cumplir.Una carta de preaprobación...
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By RPDFW @ Salas Home Team, #1 Team in Real Estate Specialty Services
(Realty Preferred DFW)
Closing on a House – How Long Does it Take?Buying a house is exciting, but it can feel like it takes forever to get from the offer to the closing table.On average, it takes 30 – 45 days to get to the closing table, and that’s in a perfect situation. Sometimes you may close faster or slower, but keep 30 – 45 days in mind when signing a sales contract.The Process to Close on a HouseThe house closing process is complex. Not only must you find the house you want to buy, but you must sort out your financing. Here’s a quick rundown of the typical timeline.Get Pre-ApprovedStart the process by getting pre-approved with a lender. This tells you how much you can afford, on what terms and the conditions you must satisfy.  A pre-approval letter also gets your foot in more doors with sellers. Most s...
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By Lorrie Semler, REALTOR® in the Dallas area. Call/text 972-416-3417, Real Service. Real Results. Real Estate
(United Real Estate)
Real Estate Market Trends for Addison, TX:  January 2023 Residential Real Estate For Sale in Addison TexasThe total number of currently available residential properties for sale in Addison, Texas is 17, while there were 27 last month.  Thirteen are pre-owned and 4 are new construction at Addison Grove. Currently for sale, there are: 5 single family homes (ranging in price from $599,000 - $1,040,000) No half-duplexes 6 condos ($279,000 - $599,500) 6 townhomes ($444,000 - $769,990) Thirteen of the 17 available homes have been on the market for longer than 30 days.  The average number of days on the market for the “active” status, pre-owned homes is 65 days, as compared to 143 last month. The median number of days on the market is 51 days, compared to last month’s 75 days.   New listings i...
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By David Krichmar, DaveYourMortgageGuy.com
(www.DaveYourMortgageGuy.com - Legend Lending)
Conventional 30 year Mortgage: 5.75%Credit score:740LTV:75%Loan Amount: $300kAPR: 6.295%FHA 30 year: 5.5% Credit Score:740LTV:96.5%loan amount: $300kAPR: 6.415%Conventional 15 year: 5%Credit score:740LTV:75%Loan Amount: $300kAPR: 5.085%Rates are Subject to ChangeCall me today if you are thinking of refinancing or buying a home, for the best mortgage rate possible.   
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By James Potenza New Home REALTOR®, Don't go to the builder without a new home Realtor
(Houston New Home REALTORS - Potenza Team)
Mortgage rates, inflation and lack of affordable inventory interrupt Houston’s seven-year run of record-breaking home sales. TIP: Use a new home builder that is offering cash to buy down the interest rate.  Contact James Potenza james@newhomejames.com for a list of builders.      HOUSTON — (January 11, 2023) — Despite charging through a pandemic with no let-up in sales, Houston real estate could not withstand the powerful economic headwinds that began swirling in 2022 and ultimately ended a long and much-admired record-setting run. On top of limited affordable housing inventory, mortgage rates were perhaps the biggest culprit, rising throughout most of the year as the Federal Reserve drove a steady campaign of interest rate hikes to tame soaring inflation. The move prompted many consume...
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By Dorie Dillard Austin TX, NW Austin ~ Canyon Creek and Spicewood/Balcones
(Coldwell Banker Realty ~ 512.750.6899)
    An important right as a taxpayer in Texas is you may protest, to the appraisal review board (ARR), if you disagree with the appraisal district value. In fact you can protest any of the districts actions concerning your property. You have the right to appeal the ABR findings if you are dissatisfied with the outcome.   Any of the ARB decisions can be appealed to the state district court in the county in which the property is located. Depending on the facts and the type of property, you may be able to go a step further and appeal to the State Office of Administrative Hearings (SOAH) or to binding arbitration.                                      u When should you file a property tax protest? Appraisals should be sent to you on or before May 1st of the year in question. You have until ...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
Homeownership Builds Your Wealth over Time   Some Highlights If you're thinking of buying a home this year, be sure to factor in the long-term benefits of homeownership. On average, nationwide, home prices appreciated by 288.7% over the last 32 years. That means homeowners grow their net worth significantly in the long term. Homeownership wins over time. Lets connect so you can start your homebuying journey today.      
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By Rose King, Friendswood / Pearland / Houston Bay Area
(David Tracy Real Estate)
New-construction inventory in Houston is getting better, so you know what that means… there are good deals to be made!According to Stewart Title Chief Economist Ted Jones, there are now an estimated 470,000 unsold new homes under all states of construction in the United States. This is up 21% over last year, and it is the largest inventory seen since March of 2008.In our area, most builders have a lot of unsold homes under construction or ready to move into, compared to a year ago when there were hardly any inventory homes available.This is great news for Houston area buyers. But, if you are thinking about purchasing a new-construction home, there is something important you should know. You NEED to use a Realtor to help you with the purchase!Please don’t visit the model home without che...
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By RPDFW @ Salas Home Team, #1 Team in Real Estate Specialty Services
(Realty Preferred DFW)
P: "¿Me devuelven el dinero en garantía si mi hipoteca se cancela el día del cierre?"R: ¡Depende! En primer lugar, póngalo por escrito. Su contrato decidirá si le devolvemos ese dinero o no.En la mayoría de los casos, puede esperar que le devuelvan su dinero en garantía si hay problemas con la inspección, la tasación, el título o la hipoteca de la vivienda. Pero si no cumple con los plazos (o cambia de opinión), ¡es posible que no lo haga!¡Estén atentos para más preguntas y respuestas sobre todas sus preguntas sobre bienes raíces!
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By RPDFW @ Salas Home Team, #1 Team in Real Estate Specialty Services
(Realty Preferred DFW)
Q: "Do I get earnest money back if my mortgage falls through on closing day?"A: It depends! First of all, get it in writing. Your contract will decide whether or not you get your money back.In most cases, you can expect your earnest money back if there are issues with the home inspection, appraisal, title, or mortgage. But if you don't meet the datelines (or change your mind),  you might not!Stay tuned for more Q&A on all your real estate questions.    
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