Are Cash Offers Really King?: Financing in a Residential Transaction
This article addresses financing in a residential transaction, with special attention given to FHA/VA financing. A key concept in a transaction relates to the money that makes up the sales price. A buyer may say, “I will pay you $400,000 cash for your house.” The thought of the buyer is that there is something magical…
Texas Existing-Home Sales, Prices Increase as Inventory Shrinks Faster than Ever
Texas’ existing-home sales increased 2.5 percent month over month (MOM) to 29,000 transactions in May but remained more than 2,000 sales below peak levels reached at the start of the year. The average home stayed on the market for just one month, a record-low duration since the series started in 1997. “Mortgage rates are still…
Understanding Home Loans
Are you looking to buy a home, but confused on what payment options are available to you? Not sure how much you’re able to borrow? Maybe you’re just curious about how home financing works? If you answered yes to any of these questions, then this is the perfect article for you. A home loan, or…
Misaligned Price or Housing Bubble?: What is Causing Rising Home Prices and When “Normal” Will Return
Why are homes prices continuing to rise and when will they go back down? Luis Torres, Research Economist at the Texas Real Estate Research Center at Texas A&M, tackles these questions and more on this episode of Welcome to the Top. Listen now at www.WelcomeToTheTop.com or wherever you like to stream podcasts.
Ten Must Do Activities in the Collin County and DFW Area
Now that summer is here, you’re probably wondering what day trip you’ll take your kids on, or maybe you need a getaway of your own. Staying inside probably isn’t an option, because, let’s be honest, last year was enough. Luckily for you, the Collin County and DFW area offer tons of fun. Keep on reading…
Attention Property Managers
Are You Ready to Get Better At: Attracting Superior Owners and Tenants Marketing and Leasing Tenant Screening Compliance and Inspection Accounting and Financial Reporting Keeping Current with Hot Topics and Trends Understanding Eviction Procedures Providing Maintenance, Access, and Support If you answered “yes,” then you need to be actively participating with CCAR’s Property Management Committee.…
Collin County Home Prices Continue to Rise with the Summer Heat
The Collin County Association of Realtors (CCAR) reports that in May, Collin County homebuyers continued to pay over list price as they competed for limited homes, raising Collin County’s most popular price point by $200,000. In May, homes remained on the market for 67.9% less time than the year prior and sold for 105.7% of…
Legal Landmines of 2021: Recording Devices and Facebook Ads
What are the top legal landmines of 2021 and what do you need to do to make sure you are safe? Trista Curzydlo, J.D. identfied two at CCAR’s Blast Off 2021, and agent beware- your Errors and Omissions Insurance does not promise coverage on these liabilities. Private conversations are a thing of the past when…
When HOAs Overstep Private Homeownership Rights
Homeowners Associations (HOAs) are established in residential communities to oversee, manage, and maintain the neighborhood. For homeowners in an HOA, this usually comes with a price: rules and regulations. If you buy a house within an HOA, you’re automatically a member. This means you’re also agreeing to the handbook of covenants that comes with owning…
A Bar-Raiser for Professionalism: Your C2EX What, Why, & How’s Answered by Hagan Stone
What is the Commitment to Excellence (C2EX) Program? Why was it created and how do real estate professionals benefit from the program? Listen as Hagan Stone, 2019 NAR Commitment to Excellence (C2EX) Committee Chair, provides these answers and more.