Monthly Archives: August 2017

    • You Can Make a Difference for Those Affected by Hurricane Harvey

      Hurricane Harvey has caused a great deal of destruction along our coast.

      Now, following the devastating storms that have hit our state, many people are wondering how they can aid those who’ve been affected.

      First of all, there are many different organizations that are collecting relief effort funds. The mayor of Houston, himself, has begun collecting funds at the Great Houston Community Foundation. GoFundMe and the Salvation Army are both also accepting donations.

      There are also ways you can aid those affected through non-monetary means. Blood donations are needed at the American Red Cross, and AirBnB has opened up an urgent accommodation site that allows you to open your home to those who may have lost theirs.

      Area food banks, too, are accepting donations of food and money.

      “These relief efforts are truly saving lives.”

      This certainly is not a comprehensive list of the ways you can help. We merely wanted to provide you with a starting point. However, for a more complete list of ways to aid those affected, simply click here.

      Finally, we would like to extend our sincerest thanks to those who have already given their time and effort to this cause, and especially to those who have risked their lives in doing so.

      We appreciate the resources, time, and money given by so many of you, already,  to those in need. These relief efforts are truly saving lives. In this time of great hardship, please keep those affected in your thoughts, prayers, and daily efforts. May God bless Texas.

      If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.

      Written by -- CLIENT BRAND --
    • Why Full Disclosure Is Best

      In the state of Texas, there are certain disclosures that you are required to provide as a seller unless your home is brand new or in an estate. These disclosures cover anything and everything that has gone on in the home, from water damage to mold to any other mechanical or cosmetic issue. You’re also required to disclose any environmental dangers that a home possesses.

      There are certain federal disclosures that also apply no matter where you live. For example, if you own a home that was built prior to 1978, you must comply with The Residential Lead-Based Paint Hazard Reduction Act of 1992 and provide an addendum on your contract.

      “Full disclosure protects you legally.”

      When in doubt, disclose. Full disclosure will protect you from future legal claims as a seller and give you more confidence in purchasing as a buyer. I’ve seen several sellers in the past fail to disclose certain things and end up being held liable for more than the cost of the home because of it.

      If you have any questions about disclosures or anything else related to real estate, give me a call or send me an email. I look forward to hearing from you.

      Written by -- CLIENT BRAND --
    • What Is the Cost of an Appraisal?

      How much will your appraisal cost? This is a question many people wonder at some point in their real estate transaction.

      The cost of a home appraisal is typically paid in advance by the homebuyer after acceptance. This usually happens once the inspection is completed to satisfaction.

      However, fees will vary. This variation is largely dependent upon location, complexity of the appraisal, and to some degree, market demand.

      In our San Antonio area, residential appraisal fees will typically cost between $350 to $500. If a property is a farm, ranch, acreage, or is complex in another way, this amount can be a little more.

      So, how is an appraiser selected? This is something that will depend on your lender and that you can ask them about ahead of time. However, most lenders tend to either keep a list of trusted appraisers or will make use of an appraiser management company.

      “You should ask your mortgage lender about the cost of appraisal as soon as possible.”

      However, after the Dodd-Frank era, it has since been necessary that lenders rotate their certified area appraisers.

      While they are aware of the stakes for both the buyer and seller, an appraiser cannot base their appraisal strictly on the sales price.Appraisers will look at comparable homes to help them determine value.

      Low appraisals can happen. At that time, however, you have a couple of options. You can either renegotiate the contract or, in some cases, you may get a second opinion.

      Ultimately, if you are curious about the cost of a home appraisal, this is something you should ask your mortgage lender about as soon as possible so that you can accurately factor it into your closing costs.

      If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.

      Written by -- CLIENT BRAND --
    • Could Another Market Meltdown Happen Soon?

      With housing prices slowing down, a lot of people are asking themselves if there is a meltdown coming in the housing market. After the crash in 2007, we had a few really bad years. Since 2010 however, the market has been on a strong run.

      The San Antonio real estate market is pretty stable with mostly single-digit appreciation levels on an annual basis. Inventory is still pretty low, however, for both resale homes and bank-owned properties. During a slowdown, you’ll see an increase in the number of bank-owned properties. That hasn’t happened yet.

      “The market is cyclical and there will always be ups and downs.”

      Will another meltdown happen soon? It’s hard to say. What we do know is that the primary factor that led to the last meltdown, bad lending, has since been corrected. Lending guidelines are much stricter now. However, the market is cyclical and there will always be ups and downs.

      Your best bet is to get with us so we can help shield you from these wild swings in the market. If you have any questions for us about this topic or anything else related to real estate, give us a call or send us an email. We look forward to hearing from you.

      Written by -- CLIENT BRAND --