4 Expenses Homebuyers Should Keep in Mind

01/29/2016 | Author: Jaime Lee from Texas Association of Realtors

“When starting your house hunt online, you’ll see that most real estate websites let you search by price range. But a real estate purchase will cost you more than just the sale price. Here are four costs you’ll want to consider before submitting an offer.
1.Downpayment Some lenders require borrowers to pay up to 20% of the loan at closing. It may take a while to save up that much, but paying a chunk of your loan up front will lower your monthly payment.
2.Mortgage insurance If you don’t pay at least 20% of the purchase price as a downpayment, your lender will probably require you to pay private mortgage insurance (PMI) that protects the lender if you default on the loan.
3.Closing costs Buyers and sellers can negotiate how much each party pays at closing. Unless the seller agrees to pay all of the closing costs, you’ll be responsible for paying a portion of these fees.
4.Monthly payment Your payments will cover principal, interest, taxes, and insurance. You may have other recurring expenses, such as HOA dues and home maintenance, to factor into your budget.

When you’re ready to become a homeowner, contact a Texas REALTOR® to determine how much you can realistically afford and which costs you can negotiate. ”

Corner Post Real Estate is here to help you plan and navigate thru the Home Buying process!
Katie Clark
830-305-0699

Navarro Crossing

Things are still growing in Seguin. Below is the article Seguin Economic Development posted today…. Enjoy!!!!

Navarro-Crossing-to-bring-duplex-condominiums-to-Seguin–Texas.html?soid=1107990347452&aid=axwy10YJSds

To Stage or Not to Stage…

Thinking of Selling? Have your house Listed? Staging a home is recommended by Realtors often; some clients choose to and some don’t. Does it help? Here is an article posted by NAR on the Texas Association of Realtors on February 16, 2015…you decide…

Does Staging make a home sell for more?

01/29/2015 | Author: Editorial Staff

If you want to increase the price that buyers offer for your listing, staging the property might be the way to do it. According to NAR’s recently released 2015 Profile of Home Staging report, 32% of buyer agents surveyed said staging a home can increase the amount buyers are willing to offer by 1% to 5%. Sixteen percent said it could increase offer prices by 6% to 10%.

According to the report, the median dollar value to stage a home is $675, and 62% of seller agents offer the service to their sellers. If you want to give staging a shot, but do it on a budget, start with these five tips:
1.Try a theme for each room, like a reading nook or movie theater.
2.Remove personal items so buyers can picture themselves in the home.
3.Rework items a homeowner already has rather than making new purchases. This could be as simple as rearranging the furniture to highlight a room’s feature, or using old frames to display new artwork.
4.Paint the walls neutral colors.
5.Get a third party to suggest changes if you’re concerned about a seller having a negative reaction to your ideas.

Selling Steps

The Market is moving quick and things are about to get busier!!!! Here is the process your will be guided through with a licensed Realtor.
Give us a call and we would be honored to help you out.

The Selling Process Shared from TAR website 2/13/115

Selling a home can be complicated—you’re not only selling one property but likely trying to find a new place to live. Here are some steps to take to ensure you’re prepared.

Find a Texas REALTOR®

Why? A Texas REALTOR® will save you time and money by setting the correct price for your home, marketing and showing your property, advising you about the pros and cons of offers submitted for your home, helping you negotiate favorable terms, and , and negotiating on your behalf. Ask your friends and relatives for their recommendations, or use the Find a Texas REALTOR® search.

Sign a Listing Agreement

The listing agreement allows the Texas REALTOR® to sell your home during a given period and compensates him when your home sells. The amount of compensation, the length of the listing period, and other terms in the agreement are negotiable.

Set a Price

If you ask too much, you may not find a buyer. If you price the home too low, you’ll cheat yourself out of money. Websites with quickie value estimators aren’t the way to determine the value of your home. Go to the only people with the data and the expertise to accurately read your market: Texas REALTORS®.

Market Your Property

In preparing your home for viewing by prospective buyers, remember that people buy on emotions. Your home has to feel right, or buyers will look elsewhere. Look at your home objectively and listen to suggestions from your agent about ways to make your home more appealing, such as cleaning, de-cluttering, removing personal items like pictures, making cosmetic repairs, etc. And talk to your Texas REALTOR® about his or her plans to advertise your listing and show your property.

Consider Your Options

When a buyer makes an offer, what do you do? Your Texas REALTOR® will help you review it and understand the pros and cons. If you’re lucky enough to have more than one offer, he or she will discuss your options to do what’s best for you. Once an offer is accepted by you and the buyers, the buyers will perform inspections and finalize the deal.

87% of all homes qualify for some sort of down payment assistance program and over 90% of all DAP’s across the country are funded

Check out the link below to see if you qualify. Then give us a call. The market is active and moving out there!!!!!

Qualifying Programs

New HEB to be Built!!!!

Howdy! I get stopped quite a bit and asked how the economy in Seguin is looking and every time I go to answer; I have an addition to add to the growing opportunities come to this area…..

Shared from the Seguin Economic Development Page 1/28/15

Grocery store to provide new jobs, economic bonus for Seguin

(Seguin) — The construction of a new HEB store in Seguin is apparently more than just expanded products and more elbow room.

HEB General Manager Danny Crowson says the construction of the new store is in response to a growing customer base.

“I’ve been in this store for 14 years and felt like I knew just about every customer that came in here, but in the last six months, it’s been unbelievable to me. I go down on the sales floor on Saturdays and Sundays. I see new faces. I see younger people, a lot more younger folks are coming through the store than what they used to. When I came to this store 14 years ago, I believe our customer count was somewhere around 20,000 customers a week and now, we’re in excess of 30,000 customers a week (that) come through this store — 31,000 sometimes and as many as 32,000 customers in a week’s time come through this store. This town is growing and certainly things are changing,” said Crowson.

Crowson says the growing pains and changes in customers, however, aren’t only limited to Seguin. He says the local store attracts customers from all over.

“We have a lot of folks that travel 30-35-40 miles to shop in Seguin. Obviously, there’s other reasons to come to Seguin other than just groceries but we have a lot of customers in the Nixon, Stockdale area, Gonzales even though there is a new HEB there, there’s still lots of folks that come in here form Gonzales, Luling and San Marcos. We have a lot of folks that live right outside of San Marcos that come here and shop in this store and of course, it gets difficult to get around in New Braunfels during the summer time when all of the river people show up. There’s lots of folks that really live closer to New Braunfels, but don’t like the hassle and come into Seguin as well,” said Crowson.

Crowson says the new store, of course, will also mean\ the need for more employees at the store.

“One of the things that we will be doing is obviously — we’ve got about 249 — what we call partners — working at HEB today. We will be well in excess of 300 partners whenever the new store opens. So lots of new opportunities for jobs,” said Crowson.

A variety of positions are currently available. However, a large number of employees are expected to be hired during the summer. Those wishing to apply for a position are asked to submit their information to www.heb.com

Questions to ask about your first home inspection

Hello! Things are really moving out there. Contact us soon if you are thinking of Selling or Buying! We would love to help you out.

Poster from Texas Association of Realtor’s webpage:

01/02/2015 | Author: Jaime Lee

You’ll learn a lot about home inspections as a first-time homebuyer. Here are a few Inspection 101 questions that your Texas REALTOR® can answer when it’s time to look under the metaphorical hood of your first house.

Who pays for it?
As the buyer, you choose the inspector, pay him directly for the inspection, and the inspection report he generates is yours. If you don’t already have a home inspector in mind, ask your friends and family members for a referral, or your Texas REALTOR® may be able to recommend someone. Whoever you chose must be licensed by the Texas Real Estate Commission.

What does an inspector do?
An inspector will conduct an “objective visual examination of the physical structure and systems of a house, from the roof to the foundation,” according to the American Society of Home Inspectors. The inspector will go through the entire house and make note of any damage, need for repairs, or maintenance issues, and then give you a copy of the completed report based on his findings. It’s important to know that there could be defects a home inspector will not find and wouldn’t be expected to find if the defects are in areas with limited or no access.

When should I get an inspection?
Your Texas REALTOR® will discuss including a termination-option period in your contract to purchase the home. This is an amount of time during which you can conduct inspections, negotiate with the seller for repairs, and still have the option to terminate the contract.

Where should I be during the inspection?
You don’t have to be at the property during the inspection, but it’s in your best interest to be there. Your inspector may not mind if you accompany him and ask questions as he checks everything out, but be sure to ask first.

Why should I have this done?
Buying a home is probably the largest investment you will ever make, so you want to know as much as you can up front. A home inspector will point out items that need regular maintenance and identify any problems.

After your inspection is complete, talk with your Texas REALTOR® to determine if there are any issues you want to ask the seller to address before you move forward. A Texas REALTOR® has experience with the home-buying process and will make recommendations that are right for you.

Three great programs being supported!!!

Happy Tuesday!!!!
Below is a link that talks about a 100% Loan to Value Loan (LTV), Tax savings for short sales and Loan programs for first time home buyers!!!
Enjoy!

Posted from The National Real Estate Post 12/6/15
Awesome New Programs!!

Tax Extensions Passed

Polychron on passage of tax extensions
Posted in Legislative, by NAR on December 17, 2014

National Association of Realtors® President Chris Polychron has issued the following statement on key legislation passed by Congress:

“The package of tax extensions approved by the U.S. House and Senate, and headed to the President’s desk for signature, includes important provisions that will help distressed homeowners and commercial property investors with transactions made during 2014. NAR applauds Congressional leaders in both chambers for their effort to pass this legislation before adjournment.

“Realtors® strongly supported the bipartisan Mortgage Forgiveness Tax Relief Act, which was included in the package to prevent underwater borrowers from paying taxes on any mortgage debt forgiven or cancelled by a lender in a workout or after their home was sold for less money than was owed. We are grateful to Sens. Debbie Stabenow, D-Mich., and Dean Heller, R-Nev., and Reps. Tom Reed, R-N.Y., and Charlie Rangel, D-N.Y., for championing the provision.

“The legislation also includes one-year extensions of the 15-year depreciation schedule for leasehold improvements and the deduction for improvements to energy efficient commercial buildings.”

Scams to Avoid when Buying a home!

Hope everyone had a blessed Christmas and is ready for a New Year!!
While we are preparing we have to “keep our eye on the ball”.
Below is an article from Texas Association of Relators:

12/19/2014 | Author: Ward Lowe

A new family moved in next to us, and my wife and I stopped by to welcome them. They asked us when trash pickup is (Friday), if the city will fix the broken streetlight next to their driveway (yes), and if the guy who “walks” an imaginary dog through the neighborhood is dangerous (no).

Then they asked a strange question: They wanted to know how much we paid to file our homestead exemption.

A scam that’s been around for years
They received a letter in the mail containing lots of data about their property from a company offering to file their homestead-exemption paperwork—for the low, low price of $35. Being first-time homebuyers, they didn’t know that there is no fee for filing your homestead exemption in Texas. You download the form from the state and file it with your local appraisal district; it doesn’t cost anything.

But wait … there are more
I’d heard about that homestead-exemption scam; we received a similar letter when we bought our house. Lucky for us, our Texas REALTOR® had explained how to file the exemption. She also said to call her if we received any other official-looking letters asking for fees for anything related to the sale of our house. That came in handy when we got an invoice a few days after closing from a deed-retrieval service, charging us $87 for a copy of our deed. She told us to throw away the so-called invoice—we would be getting a copy from the title company.

As far as real estate scams go, these may be small potatoes, but when you’re buying a house, every dollar helps