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How To Get Your Home Updated To Sell With No Budget

Are you ready to sell your home? You may be wondering what steps you need to take to get prepared to sell your home.  Most sellers want to sell their home quickly and inexpensively. It can be very costly when you add up all expenses such as home repairs, closing costs, home staging, and other fees.  Fortunately, there are ways…

How To Qualify For A Loan For Your First Home

Shopping for your first home is an exciting time!  You dream of touring beautiful properties and looking online at all the new listings, picturing in your mind how it would feel to live in your dream home.  As fun as this process is, you may have many questions and wonder where you should start. You should know that before you…

How To Reap The Benefits of Giving

‘Tis the season for end-of-year giving! Holidays can often tug at the heart-strings and bring about charitable giving.  Defined, Philanthropy is the desire to promote others’ welfare, expressed primarily by the generous donations of money to good causes.  There’s a difference between philanthropy and charitable giving.   Charity aims to relieve the pain of social problems, whereas philanthropy seeks to…

Three of the Smartest Ways To Secure a Home

Your home, and the belongings inside and outside, are your most costly investment.  There are many ways you can secure a home.  Most importantly, you want to do all that you can to protect your home and keep your family safe. Learning how to burglar-proof your home is something that you should not put off. There are many affordable home…

The Best Parks In DFW To Be Near

The year 2020 was certainly an interesting year full of discovery.  We learned to appreciate the little things in life and not take them for granted.  Many families realized what it was like to work from home and also homeschool children.  We took on new hobbies such as baking, gardening, and home makeover projects.  Spending so much time at home…

Relocate To The Most Affluent Communities In DFW

It may surprise you to learn that some of the most affluent communities can be found right in the Dallas-Fort Worth metroplex.  The saying that everything is bigger in Texas has been around for what seems like an eternity.  This saying most likely originated because of the enormity of the state’s geographical area.  Texas is the largest of the 48…

How To Bring Families Together In A Multigenerational Home

Family is everything.  We spend our entire lives being cared for and caring for our family.  Now more than ever, middle-aged Americans find themselves a part of what’s known as the “sandwich generation.”   As a result, a multigenerational home is necessary when faced with caring for children while simultaneously caring for aging parents.  Several factors may include health issues,…

How To Stage Your Home For Your Best ROI

If you’re ready to sell your home, you are probably expecting to do cosmetic updates and repairs that are needed.  You want to get as close to your asking price as you can, which means you will need to make the property as appealing to potential buyers as possible.  It helps to stage it into something similar to properties out…

7 Steps You Need To Know To Prepare For Closing Day

So you are ready to buy your dream home, and closing day may be nearing.  If that’s you, Congratulations!  The real estate closing process can be an unsettling time for both the buyer and seller, as money will be changing hands.  It helps to understand the process so you will know what to expect.   What Is A Home Closing? Your…

How to Make the Best Use of Home Office and Learning Space

As a result of the pandemic, more people than ever are working remotely from home.  This has created a demand for the ideal work space design.  To add to the challenge, there is now a demand for homeschool learning space.  Big corporations are realizing the cost savings and acquiring the technology to allow employees to work remotely while supervising children…

How To Get Prepared To List Your Home

Are you thinking of putting your home up for sale?  Perhaps this is the first time you will list your home, or the first time in many years, and you aren’t sure what to expect.  This checklist will have you prepared to get your house ready to sell. 1.  Start preparing your home to sell by addressing your finances. Call…

10 Things First Home Buyers Need To Know

Buying your first home is one of the biggest investments you will ever make in a lifetime.  It can also be a very emotional experience.  It takes time and dedication to prepare your finances for this big step. Millennials currently make up 38% of first home buyers entering the market, according to the National Association of REALTORS® Home Buyers and…

The Best Communities To Live In DFW

Are you looking to relocate to or move within the Dallas-Fort Worth metroplex?  Whether you prefer big city excitement or quiet suburban life, you’ll find some of the best communities to live in, all within the DFW area.  You can either enjoy a mix of Texas cowboy culture of Fort Worth or the trendy city life of Dallas.  In the…

5 Reasons Why You Need To Move to Dallas-Fort Worth

If you’re looking for a new place to live, the Dallas-Fort Worth (DFW) metropolitan area of Texas is one of the hottest locations for residential living and investments. Known as the biggest metropolis in the South, there is something for everyone to enjoy. From exciting nightlife to amazing restaurants, the Dallas-Fort Worth area also claims the best shopping and champion...

Your Summer Landscape And How To Boost It

Summer is officially here! You may want to consider curb appeal and how your summer landscape can add value to your home. Landscaping and gardening is often a project that many people enjoy working on during this season. Your landscape is a large part of the first impression that homebuyers experience, so you’ll want your summer landscaping and gardens to…

What Should I Know About Early 401K Withdrawal?

Do you find yourself becoming tempted to cash out or take an early 401K withdrawal during the uncertain times we are currently facing?  The new CARES Act may help provide some relief for many American families and small businesses who choose early 401K withdrawal.  But should you do it?   What if you just need more cash flow right NOW? Even…

The Most Secure Places to Live in North Texas

There is good news about North Texas because it is growing, not slowing. With more wide open spaces than builders can keep up with, there’s no shortage of choice for people desiring less congestion. The Urban Scene in North Texas is Changing A movement among demographics has just begun. As a result, the younger, less at-risk population may prefer city…

Forbearance On Home Mortgages

What You Need To Know About Forbearance on Home Mortgages People all across the country are facing financial hardships during the current COVID-19 crisis. Inquiries about Forbearance on Home Mortgages are soaring. It’s understandable that people are concerned. In just three week’s time (between Mar 15 – Apr 4), 17 million U.S. citizens filed for unemployment benefits according to the…

Your Savings and Down Payment

Your First Step Toward Buying a Home When preparing to buy a home, the first thing many homebuyers do is look at the real estate ads in newspapers, magazines and listings on the Internet. Some potential buyers read how-to articles like this one. The next thing you should do – before you call on an ad, before you talk to…

Items You Need When Applying For a Loan

Have These Items Ready When You Apply For a Loan It used to be that lenders mailed out verifications to employers, banks, mortgage companies, and so on, in order to verify the data supplied by borrowers. Nowadays, the interest is often in speed and getting answers quickly so alternate documentation has become more widely used. Alternate documentation means that underwriting…

Types of Mortgage Lenders

Mortgage Bankers Mortgage Bankers are lenders that are large enough to originate loans and create pools of loans, which are then sold directly to Fannie Mae, Freddie Mac, Ginnie Mae, jumbo loan investors, and others. Any company that does this is considered to be a mortgage banker. Some companies don’t sell directly to those major investors, but sell their loans…

WHAT’S A FICO®?

What is a FICO® Score? FICO® stands for Fair Isaac & Company and is the name for the most well known credit scoring system, used by Experian. The credit bureau’s computer evaluates a complete credit profile and assigns a score, which is used to estimate credit worthiness. Each of the three bureaus (Experian, Trans Union, Equifax) employs its own scoring…

The Advantages of Different Types of Mortgage Lenders

What kind of lender is best? If you ask a loan officer, “What kind of lender is best?” the answer will be whatever kind of company he works for and he will give you a list of reasons why. If you meet the same loan officer years later, and he works for a different kind of lender, he will give…

Which ARM is the Best Alternative?

How would you like a mortgage loan where you did not have to make the whole payment if you did not want to? Or would you like a loan with an interest rate about 1% below a thirty-year fixed rate mortgage and pay zero points? Or a loan where you did not have to document your income, savings history, or…

Why Do You Need Title Insurance?

Title Insurance. It’s a term we hear and see frequently – we see reference to it in the Sunday real estate section, in advertisements and in conversations with real estate brokers. If you’ve purchased a home before, you’re probably familiar with the benefits and procedures of title insurance. But if this is your first home, you may wonder, “Why do…

The Functions of an Escrow

Buying or selling a home (or other piece of real property) usually involves the transfer of large sums of money. It is imperative that the transfer of these funds and related documents from one party to another be handled in a neutral, secure and knowledgeable manner. For the protection of buyer, seller and lender, the escrow process was developed. As…

Required Reporting to the I.R.S.

Sellers of real property will have certain information regarding the sale reported to the Internal Revenue Service. This required reporting is a consequence of the Tax Reform Act of 1986; it is intended to encourage taxpayer compliance and aid in audit and enforcement efforts by the I.R.S. To help you better understand this subject, the Land Title Association has answered…

Understanding Preliminary Reports

After months of searching, you’ve finally found it — your perfect dream home. But is it perfect? Will you be purchasing more than just a beautiful home? Will you also be acquiring liens placed on the property by prior owners? Have documents been recorded that will restrict your use of the property? The preliminary report will provide you with the…

Statements of Information

What’s in a name? When a title company seeks to uncover matters affecting title to real property, the answer is, “Quite a bit.” Statements of Information provide title companies with the information they need to distinguish the buyers and sellers of real property from others with similar names. After identifying the true buyers and sellers, title companies may disregard the…

Creative Financing

Creative financing: You’ve heard of it, and, as a seller, the idea sounds pretty attractive. But, do you know everything you need to know about carrying back a second; essentially, about becoming a lender? You better know the same things that financial institutions know – you better know about lender’s title insurance. It’s time to sell your $150,000 home, a…

Understanding Title Insurance

What is title insurance? Newspapers refer to it in the weekly real estate sections and you hear about it in conversations with real estate brokers. If you’ve purchased a home you may be familiar with the benefits of title insurance. However, if this is your first home, you may wonder, “Why do I need yet another insurance policy?” While a…

Understanding Foreclosures

It is an unfortunate commentary, but when economic activity declines and housing activity decreases, more real property enters the foreclosure process. High interest rates and creative financing arrangements are also contributing factors. When prices are rapidly accelerating during a real estate “bonanza”, many people go to any lengths available to get into the market through investments in vacation homes, rental…

Common Ways of Holding Title

How Should I Take Ownership of the Property I am Buying? Real property can be incredibly valuable and the question of how parties can take ownership of their property is important. The form of ownership taken — the vesting of title — will determine who may sign various documents involving the property and future rights of the parties to the…

Mello-Roos

In purchasing your new home, your future monthly payments will be made up of principal, interest, real property taxes, and insurance. But what is the tax for the Community Facilities District, otherwise known as a Mello-Roos District? The Land Title Association (LTA) has answered some of the most commonly asked questions about the Mello-Roos Community Facilities Act. What is a…

Mechanic’s Liens

The Mechanics’ Lien law provides special protection to contractors, subcontractors, laborers and suppliers who furnish labor or materials to repair, remodel or build your home. If any of these people are not paid for the services or materials they have provided, your home may be subject to a mechanics’ lien and eventual sale in a legal proceeding to enforce the…

Condominium and PUD Ownership

Builders, in an effort to combat the dual problem of an increasing population and a declining availability of prime land, are increasingly turning to common interest developments (CIDs) as a means to maximize land use and offer homebuyers convenient, affordable housing. The two most common forms of common interest developments in many states are Condominiums and Planned Unit Developments, often…

5 Key Steps to File Your 2020 Tax Return

KISS* and Get a Refund To file your 2020 tax return, you can still file on Tax Day, April 15th, but it is best not to wait until the last minute if you can help it. Uncle Sam just began processing tax returns on January 27th. But, that’s no reason to stress. It comes and goes every year and wealways…

What is a Short Sale Anyway?

An increase in foreclosure rates will inevitably bring with it an increase in short sales. But what is a short sale? A short sale happens when you sell your house for less than your remaining mortgage balance, the proceeds of which go to the lender and in return the lender forgives the remaining balance. Selling your home as a short…

Getting the Highest Price in the Shortest Time

In order to get the highest price in the shortest time, you need to know how to market your home. The better you market your home, the more offers you will get. And the more offers you get, the more choices you have to get the price and terms you want. The most important factor of marketing your home is…

Setting the Price

The price is the first thing buyers notice about your property. If you set your price too high, then the chance of alienating buyers is higher. You want your house to be taken seriously, and the asking price reflects how serious you are about selling your home. Several factors will contribute to your final decision. First, you should compare your…

Considering Offers

When reading an offer, keep in mind that you are out to get the best price AND the best terms for you. If you focus solely on the price, you may overlook terms that could be favorable to you as a seller. Some terms that may work in your favor: higher-than-market-interest in a second mortgage for your home the buyer…

Know Why You are Selling

If you know exactly why you are selling then it is easier for you to follow the right plan of action for getting what you want. If you are a seller who needs to close a sale as quickly as possible, then you should know that getting the highest price possible is not one of your priorities. It does not…

Making a Good First Impression

If you want buyers to be interested in your home, you need to show it in its best light. A good first impression can influence a buyer both emotionally and visually, thus prompting them to make an offer. In addition, what the buyer first sees is what they think of when they consider the asking price. A bad first impression…

Thinking About Buying a Foreclosure?

With the housing bubble burst and the subprime mortgage crisis, millions of homeowners found themselves unable to make their mortgage payments. Many found themselves owing more on the house than the home was worth. Many just walked away from their homes. As a result of these complicated issues, millions of homes were foreclosed. While this isn’t the only reason for…

Getting a Legitimate Lender and Getting Pre-Approved

It used to be that buyers could go house shopping and when they have found their dream home, then they go to get pre-approved. However, in today’s market, that has proven to be one of the least effective methods in landing the dream home. Most lenders can pre-qualify you for a mortgage over the phone. Based on general questions about…

Importance of Inspection

As a buyer, you are entitled to know exactly what you are getting. Don’t take anything for granted, not even what you see or what the seller or listing agent tell you. A professional home inspection is something you MUST do, whether you are buying an existing home or a new one. An inspection is an opportunity to have an…

Build a Plan of Action and Get Ready

Buying a home will probably rank as one of the biggest personal investments one can make. Being organized and in control will contribute significantly to getting the best home deal possible with the least amount of stress. It’s important to anticipate the steps required to successfully achieve your housing goal and to build a plan of action that gets you…

Will Home Purchases Soar in 2020?

With the uncertainty of political outcomes of 2020 and how they could affect the housing market, mortgage rates may still remain lower for longer.But, that’s not the only reason to stay tuned to market shift! Who’s Purchasing Homes? Even with the minimalist mindset that is rapidly becoming the new normal, it is predicted that Millennials age 23-38 are more…

Why You Should Not Make Any Major Credit Purchases

Don’t go on a spending spree using credit if you are thinking about buying a home, or in the process of buying a new home. Your mortgage pre-approval is subject to a final evaluation of your financial situation. Every $100 you pay per month on a credit payment could cost you about $10,000 in home eligibility. For example, a car…

Use a Buyer’s Agent

It’s important that you choose an experienced agent who is there for you. Your agent should be actively finding you potential homes, keeping you informed of the entire process, negotiating furiously on your behalf, and answering all of your questions with competence and speed. First, find an agent who represents you and not the seller. This is beneficial during the…

National housing values fall fastest since 2012

Perth is leading a national downturn, with residential property values across Australia falling by the heftiest rate since 2012. The CoreLogic Hedonic Home Value Index, released on 1 August, shows dwelling values across Australia slipped 0.6% in July to 1.6% lower over the past 12 months – the largest annual fall in five years. In Perth, house values dropped 0.8%…

Which Trend For This Fall-Winter?

When it comes to real estate, it’s all about location. But when it comes to staging a home to sell the highest possible price, the importance of location applies to more than just the street. The placement of your furniture and accessories can make or break a room and potentially even a sale. Why it matter? The look and feel…

Easy Steps To Prepare Your Family Dinner Table

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10 Facts About Wines You May Want To Know

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