Myths about Real Estate

I love trivia… he’s useful information that helps understand some myths about Real Estate posted from NAR website on 2/26/15

Myth Article

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

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.

Seguin Aerial Video

Happy Friday!!! I am enjoying this wintery weather. It makes me appreciate the upbringing I had and enjoy our active spring days and the warmth of our summer.

Seguin is in the spotlight again. The Seguin Economic Development Board did an outstanding job showcasing our wonderful town!!!
Enjoy and stay warm!!!

Seguin Shines

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.”

Central Texas Technology Center Expansion

U.S. Commerce Department awards $1.25 million EDA grant for CTTC expansion
Date: March 19, 2014

The U.S. Secretary of Commerce Economic Development Administration (EDA) has awarded a $1.25 million grant to fund expansion of the Central Texas Technology Center (CTTC). The expansion will enhance workforce training in science and technology in support of the region’s goal of expanding its manufacturing and industrial base.

The project is a collaborative effort between the cities of Seguin, New Braunfels, Seguin Economic Development Corporation, the New Braunfels Chamber of Commerce, New Braunfels Industrial Development Board (4B), and Alamo Colleges. The initiative received $4 million in funding from voters in the New Braunfels 2013 Bond Program. The New Braunfels Industrial Development Board has committed $320,000, and the Seguin Economic Development Corporation is supplying $600,000 towards the estimated $6.2 million project total.

“We are gratified to receive the support from the EDA and our congressional representatives,” said New Braunfels Mayor Gale Pospisil. “Successfully obtaining funding for this essential project is a great example of a partnership between entities in our region achieving a common goal, with mutual benefits, by working together.”

The CTTC provides vital workforce development for the cities of New Braunfels and Seguin as well as Comal and Guadalupe counties. Enrollment capacity has been exceeded and the expansion will effectively double the Center’s current size in order to accommodate additional students by adding general instructional space, biology and chemistry labs, student support areas and faculty offices.

“The CTTC has played a critical role by providing training for such Seguin businesses as Caterpillar, Continental, CMC Steel and Alamo Group,” said Phil Seidenberger, President of the Seguin Economic Development Corporation Board of Directors and Chairman of the CTTC Advisory Board. “A technical training center such as the CTTC is an attractive benefit for companies looking to relocate or expand in our area. Many industries today require advanced technical skills training and subsequently, offer higher wages. The CTTC fulfills that need for these businesses and our local workforce.”

EDA grants are awarded through a competitive process based upon the application’s merit, the applicant’s eligibility, and the availability of funds. More information on EDA’s grant process and investment process can be found at http://www.eda.gov

Posted by: Sami Kuhn