Ector County, TX Real Estate News

By The Legacy Group, The LegacyGroup of CrossCountry Mortgage
(CrossCountry Mortgage)
Veteran’s Home Loans for Odessa TexasIf you are reading this, you or a family member have likely served in our military.  First off, we would like to say a sincere “Thank You” for your service!  We recognize that not only do our Veterans sacrifice by serving, but their families do as well-, and we owe you all a debt of gratitude!One of the best benefits Veterans and their families receive due to their service to our great country is the VA home loan benefits.  We are going to outline just a few of these significant benefits in this article for you. Here are some of the major benefits you may receive by using your VA home loan benefits:*100% financing available- one of the very few loans available with no down payment!*Lower rates available than most loan programs- which saves you money ...
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By The Legacy Group, The LegacyGroup of CrossCountry Mortgage
(CrossCountry Mortgage)
Veteran’s Home Loans for Odessa TexasIf you are reading this, you or a family member have likely served in our military.  First off, we would like to say a sincere “Thank You” for your service!  We recognize that not only do our Veterans sacrifice by serving, but their families do as well-, and we owe you all a debt of gratitude!One of the best benefits Veterans and their families receive due to their service to our great country is the VA home loan benefits.  We are going to outline just a few of these significant benefits in this article for you. Here are some of the major benefits you may receive by using your VA home loan benefits:*100% financing available- one of the very few loans available with no down payment!*Lower rates available than most loan programs- which saves you money ...
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By The Legacy Group, The LegacyGroup of CrossCountry Mortgage
(CrossCountry Mortgage)
Veteran’s Home Loans for Odessa Texas!!If you are reading this, you or a family member have likely served in our military.  First off, we would like to say a sincere “Thank You” for your service!  We recognize that not only do our Veterans sacrifice by serving, but their families do as well-, and we owe you all a debt of gratitude!One of the best benefits Veterans and their families receive due to their service to our great country is the VA home loan benefits.  We are going to outline just a few of these significant benefits in this article for you.Here are some of the major benefits you may receive by using your VA home loan benefits:*100% financing available- one of the very few loans available with no down payment!*Lower rates available than most loan programs- which saves you money...
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By The Legacy Group, The LegacyGroup of CrossCountry Mortgage
(CrossCountry Mortgage)
100% financing with Odessa, TX USDA Loans, Texas area 100% financing USDA home loans.  100% financing on USDA mortgage loans are available for home purchasing in Odessa, Texas.  A 0% down payment option for home buyers looking to purchase a home in Odessa, Texas is available.  A significance to home buyers is the ability for them to keep their cash reserves rather than spend it on a down payment for a new home.  The government has a special USDA loan  program that will assist home buyers with this.   An important part to home buyer success is the post closing cash reserves they will receive.   It would be a great benefit to  a home owner to have at least 6 months of reserves such as hot water heaters, air conditioning and heating units, a washer and dryer, among other appliances like a ...
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By Donna Edwards
(Donna Edwards Realty)
Learn the Facts I have been hearing false rumors going around about a transfer tax on all real estate sales. The claim is that the Affordabel Care Act includes a 3.8% tax on all real estate sales. Not so. Real Estate Scenarios and Examples The act does include a 3.8% tax on some investment income, it will effect the majority of home sales, especially in the Odessa & Midland TX home sales. The tax applies only to people with adjusted gross income of $200,000 ($250,000 for a joint return). Also, as a homeowners, if you sell your principal residence, you will continue to receive the exclusion of $250,000 of gain on the sale of the home ($500,000 for married couples). Learn the Facts from NAR about the 3.8% real estate “sales tax” in the health care bill. If you want to know the truth about...
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By Donna Edwards
(Donna Edwards Realty)
Selling Your Odessa Home In Today's Market As a full time licensed Odessa TX realtor, my marketing plan gives your home extensive advertising & enormous exposure. My knowledge in the market is essential to correctly pricing a home. Timing and price are very important when selling your home. I will help you determine your best price for your home. Not only will your home be advertised locally, but also on the industry's top siearch engines to provide your home unparalleled global exposure. By knowing what buyers are searching for allows me to focus marketing your home to the right buyers. My digital marketing innovative online tools can provide maximum exposure to your home. A customized virtual office website with buyer friendly features along with a personalize single property website ...
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By Donna Edwards
(Donna Edwards Realty)
When Selling Your Home The tempation is strong; when interviewing agents you focus all of your attention on how much they charge and what they claim the house is going to sell for. In reality you may be getting less than you bargained for. Some real estate agents recommend you do little if anything to get your home ready for sale. This could work if you price the listing to look like a bargain. However, most buyers in today’s market are nervous and picky. They aren’t in a hurry and they want a house that’s move-in ready. An agent who is looking for a fast sale might steer you away from doing any fix-up work. It takes a lot of time and coordination to get a home properly prepared for sale in today’s market. Some agents don’t want to take on the effort, or haven’t the vision to see the ho...
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By Donna Edwards
(Donna Edwards Realty)
A Rare Find In Odessa TX Question from Buyer- Are there any owner financed homes in Odessa TX? Owner financed homes are a rare find in Odessa TX. Out of all homes for sale in the MLS, only about 1/2% or less offer this finance option. With this in mind your chooses are limited; so you will need to throw out the “wish list” and focus on “must have”. I am assuming that your are focusing on homes financed by the seller becauseyou have been turned down for a mortgage loan. Today’s owners who are willing to finance are expecting larger down payments ($15,000 & more), charge a higher than market interest rate and many will only finance short term (usually only 2-3 years). This means that you will not only have to make monthly payments but you also need to get credit worthy because your loan n...
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By Donna Edwards
(Donna Edwards Realty)
$1,000s... Don't leave money on the table when selling your home in Odessa TX PROFESSIONAL QUALITY PHOTOS Don’t want to de-value your home? Consider better photos. Listings with great photos get more online attention and command higher asking prices. And yet, only a very small percent of agents incorporate higher-end wide angle photography into their marketing. Surprisingly, even when marketing homes in the upper price range, they don’t always invest in quality photos to showcase these homes. Real estate listings that use photographs taken by the higher-end 24mm WIDE ANGLE cameras tend to do better than those that use photos from cheaper point-and- shoot cameras. As The Wall Street Journal 10/4/2010 reports, “listings with nicer photos gain anywhere between $934 and $116,076.” Wide angl...
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By Donna Edwards
(Donna Edwards Realty)
Do you need a Realtor as a Buyer Agent? – Odessa TX Realtor REAL experience Sure, titles are nice but what they mean to you is more important. I may not have super powers but I can see into the future (okay, sometimes!) As an Odessa TX Realtor I am constantly looking out for your best interesest – I anticipate things before the happen. I oftain see an issue with a Odessa home for sale or financing that could cause a problem at settlement. That’s where my experience as a Texas Real Estate Broker comes in. I’ll attend to the dozens of small details now before they can turn into something big later on. You can rely on my real estate education and experience in Odessa TX Real Estate to give you the best service possible. Really. REAL connections As your agent, I’ll recommend key people and ...
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By Donna Edwards
(Donna Edwards Realty)
What to expect when you get a home inspection in Odessa Texas Odessa City Code & The Inspection Report The home inspector bases his report on the current building code that the city of Odessa has adopted . It is common to find a large number of items on the inspection report simply because of the home’s age. In Odessa & Midland TX the majority of homes were built in the 1950′s and 1960′s. Regardless if you are buying a home that is 60 yrs old or built last year, it is likely the home is going to have some building code deficiencies. The reason is that building code requirements changes regularly. Homes are only required to meet the requirements set in place at the time it it’s construction* and don’t have to keep up with the ever changing standards (aka grandfathered). *If changes are m...
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By Donna Edwards
(Donna Edwards Realty)
Who To Hire? In Texas, all home inspectors are required to be licenced by the Texas Real Estate Commission. Don’t worry if you don’t know of any. As a buyer client, you will be provided with several as part of the Donna Edwards Team Concierge Package. What To Expect? The home inspectors job is to find things wrong with the house you are buying. Believe me he will find plenty of the common home inspection items. Every house has issues. If you want a new house, you should buy one; otherwise expect some imperfections. It is important to remember during this process that the purpose of the inspection is for your own personal knowledge of the current condition of the home you are buying. It is not a pass or fail test nor a laundry list of items you should expect the owner to repair. Should I...
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By Donna Edwards
(Donna Edwards Realty)
What to Expect from Your Odessa Home Inspection When buying a home in Odessa TX, regardless if you are a first time home buyer or buying your 2nd home (or+), I highly recommend a professional home inspection. The expense is around $300 – 350 (and worth every penny). Home inspectors are trained and licensed professionals who specialize with a general knowledge of all aspects of the home and it’s operating systems. If the inspector sees an issue that needs a more expertise, they will refer you a specialist. Here Is a List of Common Items Found On a Home Inspection Interior and exterior missing brick morter rotted facia/soffit boards cracked & peeling paint Plumbing loose or unsecure toilets slow drains Service HVAC heater or a/c not meeting minimum temperature change gas leaks Dishwasher ...
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By Donna Edwards
(Donna Edwards Realty)
Ask the Agent: Buying a Fixer Upper in Odessa TX Since my rent just went up again at my apartment and it is impossible to find a house to rent in Odessa, do you think it is a good idea to buy now?   Buying a Fixer Upper in Odessa TX You are not alone. Many people find it difficult to find a house to rent in Odessa. If you can buy a home, now is the time. Interest rates are low and home prices are stable. Here are some things to consider… Do You Qualify for a Home Loan? The first key thing is do you qualify for a home loan. Unless you have enough savings to pay cash (most people do not) than you will first want to know if you can qualify for a loan and how much they will lend you based on your credit score, current debt and income. Start with a Low Down Payment Second, buying a fixer upp...
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By Donna Edwards
(Donna Edwards Realty)
Selecting a tree for your new Odessa home. Chinese Pistache Tree It's not always as easy as making a trip to the local home and garden center. Our area has unique qualities that require taking a good look at what will grow successfully in Odessa. When it comes to selecting a tree for our Odessa TX area there are many factors to consider. A great resource for selecting a tree is the Texas Forest Service website - Texas Tree Selector. It also details how to plant your tree once you get it home.   Things to consider before you buy Soil Conditions at your home - Alkaline Soil - Our soil is very alkaline and any plant you purchase must be hardy for our type of soil. Annual Rainfall in West Texas - Drought Tolerent - Due to are arrid environment and current water situation; having a tree that...
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By Donna Edwards
(Donna Edwards Realty)
I recently had a buyer client who is looking to search for a home for sale in Odessa TX. She and her husband are in the process of getting qualified for a home loan. They have a good idea about how much they want to calculate their monthly house payment but are a little confused about how the price of the house will affect their overall payment. This is a very common concern when the house they really want is, for instance, $5,000 more than what they had thought they wanted to spend. All of this is with the assumption that the buyer can afford a price they are considering; if not they need to get realistic and shop for a home within their means. The truth is, sometimes it is actually cheaper for someone to purchase the “right” house for a few thousand more. In the big scheme of things i...
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The West Texas Astronomers is a local club / organization for Odessa, Midland and area West Texas.  I tended a monthly meeting of the West Texas Astronomers.  As usual they provided many interesting Space Update presentations.  Topics this month included short videos: Ray Bradbury NASA International Space Station Space Exploration Trip to the Surface of Mars Giant Astroids Brown Dwarfs and more The public is always welcome to visit ... monthly meetings are held the 2nd Monday of the month Museum of the Southwest - Marian Blakemore Planetarium 1705 W Missouri Avenue Midland, Texas
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By Donna Edwards
(Donna Edwards Realty)
Selecting a tree for your new Odessa home. It's not always as easy as making a trip to the local home and garden center. Our area has unique qualities that require taking a good look at what will grow successfully in Odessa. When it comes to selecting a tree for our Odessa TX area there are many factors to consider. A great resource for selecting a tree is the Texas Forest Service website - Texas Tree Selector. It also details how to plant your tree once you get it home. Things to consider before you buy Soil Conditions at your home - Alkaline Soil - Our soil is very alkaline and any plant you purchase must be hardy for our type of soil. Annual Rainfall in West Texas - Drought Tolerent - Due to are arrid environment and current water situation; having a tree that is drought tolerent is...
Comments 2
By Donna Edwards
(Donna Edwards Realty)
I recently had a buyer client who is looking to search for a home for sale in Odessa TX.  She and her husband are in the process of getting qualified for a home loan. They have a good idea about how much they want to calculate their monthly house payment but are a little confused about how the price of the house will affect their overall payment. This is a very common concern when the house they really want is, for instance, $5,000 more than what they had thought they wanted to spend. All of this is with the assumption that the buyer can afford a price they are considering; if not they need to get realistic and shop for a home within their means. The truth is, sometimes it is actually cheaper for someone to purchase the "right" house for a few thousand more. In the big scheme of things ...
Comments 0
REAL experience  Sure, titles are nice but what they mean to you is more important. I may not have super powers but I can see into the future (okay, sometimes!)  As an Odessa TX Realtor I am constantly looking out for your best interesest - I anticipate things before the happen. I oftain see an issue with a Odessa home for sale or financing that could cause a problem at settlement.  That's where my experience as a Texas Real Estate Broker comes in.  I'll attend to the dozens of small details now before they can turn into something big later on. You can rely on my real estate education and experience in Odessa TX Real Estate to give you the best service possible.  Really. REAL connections   As your agent, I'll recommend key people and services to keep your transaction on track. I'll adm...
Comments 0
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