There are five key factors to consider in determining if a short sale is the right strategy for DFW homeowners: equity, house value, homeowner’s individual financial situation, the lender’s flexibility, and impending foreclosure. Length of ownership: Seven years is generally the tipping point. Until then, the homeowner probably hasn’t built up sufficient equity to pursue a … Continue reading Factors to Consider for a Short Sale in Dallas
There are several reasons why short sales fail. Here are some common situations that can make the process challenging for a short sale agent: Divorce or Separation Many couples who are separated or divorce are not on good terms nor will agree to cooperate to help the other with the sale. Do not take a … Continue reading Reasons Why Short Sales Fail
Many real estate professionals, including investors and agents, in the DFW area have creative solutions to help homeowners avoid foreclosure. Although some are legitimate and very successful, you should always be caution to avoid a scam. Read this article from the Dallas Observer about the massive mortgage scam that affected more than 70 homeowners … Continue reading Dallas Foreclosure Scam
Recent updates from the IRS have recently shaken major markets across the board. The 2018 Federal Tax Reform, which includes new limits on itemized deduction and mortgage interests, is also projected to have significant reverberations in Texas’s real estate sector. The most substantial changes are in the tax brackets and rates, particularly on property taxes. … Continue reading How the 2018 Federal Tax Reform Affects Texas Homeowners and Buyers
Are you attending the GPHNS Homeownership Fair this Saturday, September 8th? Don't miss out on this opportunity to learn about all the home programs that the City of Grand Prairie Housing & Neighborhood Services provides. This is a FREE event for anyone interested in learning about #homeownership, the importance of #budgeting and #credit or managing your #debt. They are also providing a #landlord meeting, lunch, and activities … Continue reading 2018 Homeownership Fair
Are you looking for a new home? If so, have you considered all your options at length? More often than not, when picturing your new home, you envision a well-disposed, serene, neatly furnished and superbly designed dwelling. How can you get exactly what you want in your new home? Should you go for a move-in … Continue reading Move-In Ready Vs. Fixer-Upper: Which One to Buy?
Use these home improvement hacks to give your home the transformation you never knew it needed. Not only will these transform your home, but you will see a great return on investment from each of these projects. Invest in Gutter Protection Gutter protection is a must-have to keep homeowners off ladders and to eliminate gutter … Continue reading Home Improvement Hacks