New Regulations in Texas Real Estate – North Texas Real Estate Tips

 

New Regulations in Texas Real Estate – North Texas Real Estate Tips

 

The Consumer Financial Protection Bureau of Texas recently passed a new set of regulations that affects any real estate transaction within its jurisdiction. These new rules are aimed at preventing abuse of lending practices that put homeowners at risk. Aimed at protecting buyers from the predatory practices that harmed many homeowners in the past, these new regulations are making the loan process both easier and safer for Texas residents.
These regulations were formerly known as the Truth in Lending Act as well as the Real Estate Settlement Procedures Act and they are geared to helping new homeowners. What do these new regulations for Texas loan processes really mean to you? Here are just a few summary points to help you understand how these new laws help you.

 

New Regulations in Texas Real Estate – North Texas Real Estate Tips:

 

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Earlier processing of loan forms

Whereas buyers used to have to wait until the closing period to see their paperwork, the new regulations for Texas Real Estate mandate that the buyer must receive their forms earlier. This prepares the buyer to have enough time, up to three days before processing so that they have enough time to review all the legal documents.

 


 

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Simplified forms

Real Estate loans have now been made easier to read and comprehend using the all-new Loan Estimate. Replacing what used to be the Good Faith Estimate disclosure and the Truth-in-Lending disclosure, this new form gets numbers and facts about your loan in front of you in a manner that’s easier than ever to understand.

 

 


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Extended closing times

Longer periods of time for closing have now been allowed between the initial Loan Estimate to the Closing Disclosure. These new regulations have set a timeline for the process of closing, and it gives buyers more time to review and oversee their loan. The new regulations also allow for new forms to protect the buyer, and because of this reason many new buyers opt to wait a few days before signing.

 

 


 

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These new Texas regulations help shield buyers from changes in interest rates or adjustments to their loan. This can help prevent any last minute changes to their loan, that can lead to mistakes or problems later in their load process.

 

 

 

 


Because each situation is different you would be wise to do the proper legwork and research when reviewing your loan documents. This helps you avoid some of the more predatory methods that many of the loan companies may have gotten away with in the past. If you are interested in buying a home in Texas or completing any real estate transaction, it’s best to review the new regulations in Texas to see how you can take advantage of the new rules and procedures in place to help protect buyers.

 





Homes for Sale by Zip Code

Keller

76148
76244
76248
76262

Southlake

76092

Colleyville

76034

Westlake

76262

Saginaw

76179

North Richland Hills

76180
76182

Trophy Club

76262

Hurst

76053
76054

Flower Mound

75022
75027
75028

How to Write an Effective Offer Letter – North Texas Real Estate Tips

 

How to Write an Effective Offer Letter – North Texas Real Estate Tips

 

When you are interested in purchasing a new property or even your own, composing an effective offer letter can make all the difference. Because of the frequency and number of offers that any buyer may receive, your letter should be written in an effective and easy way to understand. This can help you stand apart from the masses of offer letters that will come across the perspective agent’s desk, and can make the difference when you want to buy the dream home for the price you want. Here are just a few tips to writing an effective offer letter, so that you can improve your chances of success

 

How to Write an Effective Offer Letter – North Texas Real Estate Tips:

 

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Humanize your proposal

Writing an offer letter that goes beyond the numbers and figures can help convey the right emotional connection to the reviewer. This is why you shouldn’t be afraid to humanize your offer letter by sharing your family needs and current situation. Help connect to the reader by sharing some of the more emotional facets of your family and how the home can help benefit them.

 


 

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Flattery gets you places

Impressing the seller can help sway the odds in your favor, and one of the more effective ways to do this is to be flattering. Complementing the seller on their choice of tiles or flooring can really go the extra mile to help your offer letter stand out.

 

 


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Don’t whine or complain

An effective offer letter should not have sob stories or reasons why you sold your previous home. The seller wants to know that choosing you is a feel-good solution and not one out of pity. You want the seller to read your letter and pick you with a positive feeling as opposed to out of guilt or sympathy.


 

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Be grammatically correct

The last thing your seller wants to see in their offer letter is improper grammar or misspelled words. Take the time to review your letter or have someone spell check or proof read your offer to ensure that it makes sense and is legible.

 

 

 


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Talk about the features of the home

Sharing how your family can utilize spaces or features of your new home can really connect with your buyer on an emotional level. This emotional connection can surpass figures because no seller wants their home to go to someone that doesn’t care about their home. They want their home to be enjoyed and loved in the same manner as they might have once used or loved it.
Don’t be afraid to go into detail about features or aspects of your home that may be useful, but don’t overdo it. Keep it simple and short and remember that your seller is probably wading through many different letters, to reach your desired results.

 

 

 


Some of these very low cost upgrades can really turn your home into a real head turner. Don’t forget that a few dollars invested in your home to freshen up its look can make all the difference when you are trying to sell your home.

 





Homes for Sale by Zip Code

Keller

76148
76244
76248
76262

Southlake

76092

Colleyville

76034

Westlake

76262

Saginaw

76179

North Richland Hills

76180
76182

Trophy Club

76262

Hurst

76053
76054

Flower Mound

75022
75027
75028

Low cost big impact updates for home sellers – North Texas Real Estate Tips

 

Low cost big impact updates for home sellers – North Texas Real Estate Tips

 

Selling your home is always a big choice, after all it may have been where many of your memories were formed. If you are selling your home, you want to make sure that you’ve put in the right amount of work to maximize the profit or closing amount for your home. When it comes to getting the most for your home, there’s several low cost big impact upgrades you can perform quickly to make the right impression to perspective buyers.
They say that first impressions can never be made twice, and while it’s cliché there’s a definite degree of truth to this. Many of these small upgrades can really make the difference to impress your new buyers. When you are considering selling your home, think about just a few of these low cost ideas to change and upgrade your home for pennies on the dollar.

 

Low cost big impact updates for home sellers – North Texas Real Estate Tips:

 

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Upgrade your doors

Change some of the more worn-out and used doors with new ones, even if it means you are just repainting. This can give your sellers a good feeling about the home, as they will be interacting with the doors with your home most of the time. Doors and doorknobs need to feel solid and new for your buyers to have a positive first impression of you home, thereby increasing the chances of getting your listing price.

 


 

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Upgrade your cabinets

Cabinets are a big factor to buying any new home, because the last thing people want to do is buy a home that needs cabinet repair. Check out your local hardware store or even a handyman to see what kind of DIY projects can refresh your cabinets quickly and cheaply. Cabinet doors and knobs can be upgraded to really give your kitchen space a huge boost for any buyer interested in your home.

 

 


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New layer of paint

It’s remarkable to see how a fresh layer of paint can freshen up a room or completely change the look of your home. Visit your local hardware store and pick out a fresh can of interior paint or even exterior weatherproof paint to give your home a new and updated look.

 

 

 


 

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Freshen your fixtures

It’s a proven fact that items that people interact with the most are bound to form the strongest impressions, and fixtures are definitely one of those items. Change out your old tired fixtures for new ones to give your home a truly updated look.
Shell out a few bucks on light switches and faucets, showerheads and more and watch the interest in your home skyrocket.

 

 

 


Some of these very low cost upgrades can really turn your home into a real head turner. Don’t forget that a few dollars invested in your home to freshen up its look can make all the difference when you are trying to sell your home.

 





Homes for Sale by Zip Code

Keller

76148
76244
76248
76262

Southlake

76092

Colleyville

76034

Westlake

76262

Saginaw

76179

North Richland Hills

76180
76182

Trophy Club

76262

Hurst

76053
76054

Flower Mound

75022
75027
75028

Tax tricks for homeowners – North Texas Real Estate Tips

 

Tax tricks for homeowners – North Texas Real Estate Tips

 

The recession has definitely affected homeowners, leading them to seek out tax tricks to help save where they can. Many of empty nesters and soon to be retirees are missing out on their capital gains exclusion when they look to sell their primary residence. Some of these exclusions can range between $250,000 and $500,000, which is a huge mistake to overlook.
Owning a home isn’t as easy as many people initially think, because there are so many tax regulations and rules to understand and navigate. Before you try any of these tax tips, it’s a good idea to seek out the opinion of a professional. Tax mistakes can be costly, and the consequences dire if you make some of the more common mistakes made by homeowners.
There are some exceptions for this exclusion, but unless you work in the nursing industry, some of these tax tricks can maximize your return and hard earned money.

 

Tax tricks for homeowners – North Texas Real Estate Tips:

 

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Property tax guidance

If your real estate tax numbers seem questionable, there’s no reason why you shouldn’t seek out professional help. Assessments online are easier than ever, and there are many people who slash their liability through the use of such services.

 


 

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Minimize your carbon footprint

Raising the energy efficiency of your home can not only save you money on your heating and electric bill, but it can save you come tax time. There are several federal and state tax exceptions for homes that qualify, and improvements to your home like energy rated windows or increased insulation can really pay off.

 

 


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Remodel your home

File every receipt used for home improvement away, giving you a solid paper trail to show grounds for your adjusted cost basis. With the right amount of legwork, you can increase your capital gains when it comes to tax time.

 

 

 


 

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Own a out-of-state home

These smart thermostats can help you maintain an even temperature and save you lots of money in the long run. This can be especially true if you are out of the house for long periods of time, because warming up a completely cold home will cost a lot more than maintaining it over the day. Smart thermostats can also feature a host of new technology to help you maintain and manage your home temperature. Many of the newer units use smart phone applications to help you dial in and manage your home no matter where you are.

 

 

 


 

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Gifting your home

Whether you have a children or not, gifting your vacation home or an estate you don’t want to maintain can give you a huge tax break. Giving the home to charity can also give you the tax relief you are after, and you can get the tax deduction up front. If you are less concerned about the upfront tax break, you can gift the home to a charitable remainder annuity trust that will pay you from this annuity for life.

 

 


Before using any of these tips make sure to seek out the opinion of a professional to ensure you are not going to make a critical mistake.

 





Homes for Sale by Zip Code

Keller

76148
76244
76248
76262

Southlake

76092

Colleyville

76034

Westlake

76262

Saginaw

76179

North Richland Hills

76180
76182

Trophy Club

76262

Hurst

76053
76054

Flower Mound

75022
75027
75028

Southlake Bike Helmet Requirements in Southlake Texas – New Laws in Southlake, TX – Southlake New Laws

 

Southlake Bike Helmet Requirements in Southlake Texas – New Laws in Southlake, TX – Southlake New Laws

 

There are big changes to the Southlake bike helmet rules on the docket for approval at the November 3, 2015 Southlake Council Meeting. These proposed changes to the requirements apply for all children from 14 years and under to age 17 years and under, and are aimed at improving safety. Based on medical research revolving bike helmets to prevent head trauma or even death, these new bike helmet requirements will help children stay safe while riding their bikes.
The Southlake Department of Public Safety has made this a hot topic, believing that change in the city requirements can significantly reduce injuries. Prevention and education are big parts of these proposed changes to the bike helmet laws, and will help foster an environment where Southlake children can ride in safety.

 

Southlake Bike Helmet Requirements in Southlake Texas – New Laws in Southlake, TX – Southlake New Laws:

 

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Wear a Bike helmet

 

One of the single biggest ways to keep your child safe when riding a bike is wearing a properly rated safety helmet. In the event of a bike crash, this helmet will help keep your child’s head safe from trauma and possibly save them from a fatal incident.
When you are deciding on a new helmet, allow the child to pick out a style and design that they enjoy or like. It will help increase the chances of them being safe whether they are riding a bike, scooter or skateboard.

 


 

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Find the right size

 

Wearing a helmet is only good if it fits properly and covers the child’s head and the crown of his or her skull. Always make sure that your child’s helmet is the right size and sits level, and does not tilt or shift sideways. The helmet should fit just above their eyes and over their ears, and the straps of the helmet should form a V over their ears.

 

 

 

 


 

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Help your child learn how to put on their own helmet correctly, and make sure they know to always wear it when riding their bike or scooter. Always supervise your children and watch over them when they are riding to ensure they are following all the laws of the street to keep them safe.
Bike helmet safety doesn’t begin or end with your child either, make sure to always wear one yourself even if you didn’t as a child. They will learn from watching and seeing your habits, so wear one when enjoying a bike ride with your child.

 

 

 


 

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Night riding can be safe if you invest the right amount of time in training and the right materials to improve visibility in the dark. Make sure your child wears reflective strips and stays away from traffic when riding at night.
Other ways you can keep your children safe is to wear bright clothing and install the proper reflectors to keep them safe at night. Teach your children how to pay attention to cars and always check the street before attempting to cross.

 

 

 


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