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You get what you pay for
In Texas, the realtor commission is normally paid by the Sellers. The Realtor listing the property, handling the marketing, the showings, the negotiations, and varies miscellaneous tasks, splits the commission with the buyer's agent. Commisions are Read More...
FDIC and prepayment of assessment by banks
Today the FDIC approved pre-payment of the FDIC assessment banks pay for years 2010, 2011, and 2012 beginning in 2010. There will be no special assessment for 2009. Initial reaction from commentators ranged from whether cost will be passed on to consumers, Read More...
Property Related Proposed Constitutional Amendments 2009
We have several proposed amendments to the Texas Constitution on the November 3rd ballot. Four of them are property related. Amendment 2: Deals with taxation of a residence homestead solely on the value as a homestead rather than highest and best use. Read More...
About Texas, for the newcomers
Go to www.KatyDreamHomes.com , in the upper right hand corner click the " About Texas" button and there you have it. Information on thngs to know when moving to Texas. If you haven't guessed it yet, we are trying to keep you coming back. Read More...
Waiting, Foreclosures and Short sales
Thoughts from a Realtor on " it is Monday again and I am still waiting with anticipation of Tuesday with more promise. " Short sales, Reo's/Foreclosures are a larger part of real estate now but for those of us who were not involved in real Read More...
Changes in 2 of Texas' laws
School has started in Texas and this year we have 2 laws with more teeth Texas House Bill 55 was signed by the Govenor in June 2009. The new law prohibits the use of a wireless communication device within a school crossing zone. The exception: use of Read More...
Credit Tip
This tip came from a Lender contact for my Clients. For those considering purchasing or refinancing a home, " DO NOT PAY OFF ALL YOUR CREDIT CARDS THEN CLOSE YOUR ACCOUNTS!" This would mean that you HAVE NO CREDIT and therefore cannot purchase Read More...
$8000 Home Buyer Tax Incentive
OCTOBER 16, 2009 Since the time required to close on a home has increased, brand the above date into your mind. Unless things change, and they could. this is the latest possible date to go under contract and still expect to close before the buyer incentive Read More...
Who are all these supposed real estate experts?
I read an article this morning which stated, the realtor works for the seller of a home and the home inspector works for the realtor. They advised hiring your own expert inspector. Who is this expert? Yes, a seller hires a realtor to work for them in Read More...