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Danny's Real Estate Blog

I hear this on just about every single listing appointment I have: 'I think my house is worth X'. My first question following is always 'Why do you think it's worth that?'. The immediate answer is usually 'I've done my own research, and that's what I think it's worth.' That's when I know how the rest of this appointment is going to play out, and just another reason why Realtors are necessary even in an age of so much information.

Texas is a non-disclosure State. If you don't know what that is, pay attention.

The final amount a home sells for is not disclosed to third party websites in Texas. No matter how much you want to believe the appraisal district, tax rolls, or the dreaded unreliable Zillow, it's something you are unable to find on the

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There are reasons why contingent offers can sometimes be less appealing than offers which may not be as much money. A contingent offer comes with a whole new set of 'outs' for the buyer, and potential headaches for the seller. As I mentioned previously, moving the closing date can come at a cost, so having the sale of a house tied to the sale of another can cause issues.

The Domino Effect isn't some new theory. Everyone knows it. I had a situation in late 2016 where the domino effect came into play, and it wasn't good. My clients were selling a home and purchasing an inventory new construction home. Closing dates were set. This is where it gets hairy, so pay attention. The buyer of my clients home also had a house to sell. Their home was under

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If you've thought about buying a home, but maybe didn't have all the money you'd need to do so, there may be an alternative for you. There are down payment assistance grants available if you meet certain criteria, as well as special programs for Texas Heroes. This is all through the Texas State Affordable Housing Corporation. You do have to be eligible for these programs, and not all will qualify.

Loans and Down Payment Assistance

TSAHC provides low, fixed-rate mortgage loans and home down payment assistance grants to help qualified home buyers purchase a home. These loans and home down payment assistance programs are available anywhere in Texas through a network of lenders and provide the following benefits:

  • A 30-year fixed interest rate
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As mentioned in a previous blog entry, the closing date is a deadline. It's the day the ownership of a property is conveyed from one owner to another. Extending the date can have a few financial consequences, however, so here's a few things to be aware of which may change if it happens.

Prepaid Interest

This is the one you buyers may be ok with. The further back in a month the closing date falls, the less prepaid interest one must bring to closing. Here's the kicker: as far as when your first mortgage payment is concerned, you finish out the month in which you close, then skip a month. The first payment isn't due until the following month. So while one may bring hardly any prepaid interest to closing by closing on March 31, the first payment would

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I can't believe i'm even about to write this blog. Hiring help should never have to come with any sort of disclaimer about not getting screwed. Like any other industry, there are some bad apples who seem to give the rest of us a bad name. Like any relationship in life, if there's no trust, it won't work. Alas, I think this needs to be said, and as you've never seen me hold back on anything, here goes.

There seems to be a misunderstanding that we Realtors are just out to make a quick buck off the backs of our clients, take off after closing counting our HUGE COMMISSION CHECKS (Thanks Bravo and HGTV for this nonsense), never talk to them again, and just hit repeat. Far from the case. I don't have enough space to get into the 'what Realtor's do for their

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Everyone wants to get as much money as they can for their home. We're all capitalists when it comes to selling what's most likely our largest investment. Most people are inclined to take the highest sales price without giving two looks to the terms of the deal. Seasoned Realtors, such as yours truly, know the devil is in the details. Remember those whole appraisal things? Let's take a closer look at the finer details of contracts.

It's natural to just look at the sales price. I mean, if someone is offering that much money, i'm going to get more out of it right? Not always. There are numerous things in the contract which add up and cost money. There's the typical seller paid expenses, such as title policy, survey, home warranty, HOA resale certificate,

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Buying a home is a wonderful and exciting time. It's one of the most rewarding parts of my job to tell a buyer they're going to be a homeowner. But as quickly as that joy comes, it can turn into a nightmare if one of any number of simple mistakes occur. There are numerous things you should avoid doing once you put a home under contract to avoid losing out on everything, and here's some of the key items.

Don't Make Any Major Purchases

I know it's tempting to see your dream refrigerator on sale while you're under contract, but making a large purchase is a no-no unless you do it with reserve cash. Any increase in credit card debt can cause your monthly payment to rise, which can throw your Debt To Income Ratio all out of whack. This could cause you to

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When an offer is made on a home, there is a are several specific dates in the contract to which attention is required. Option periods, financing approval, but there is also a day written into paragraph 9 called the Closing Date. Specifically, it says:

So what does that mean? It means that's not a suggested date, as some lenders and realtors seem to suggest. It's an 'on or before' date to which the contract cannot be extended without approval from both parties to the contract. This is often the subject of negotiation and, if you're the one making an offer on the home, you better know if your mortgage lender can meet that deadline before you submit the offer. It's no secret why I always suggest being fully approved before even going out looking for a

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For anyone who's a fan of the popular TV Series 'How I Met Your Mother', you might remember one of Barney Stinson's rules was 'New is Always Better'. In real estate, that can be true as well. Buying a new construction home certainly has its perks, as well as a few downsides, but i'm here to help guide you along the way in this process. It's not the same kind of process as buying a resale home. At the bottom of this blog, I also will have a link to a new construction version of the MLS, which is built right into my website.

On one hand, you are the first person to ever live in that home. Unless you were building what's called an 'inventory home', it was built for you, designed by you, and may have a few custom touches just for you. On the other hand,

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If you've never bought a home before, you may not know there's a difference in mortgage lenders. I'm not just talking about between companies, but the types of lenders. Most people know their banks have mortgage lenders they can walk in and see. But there's also mortgage brokers, who are just a bit different in some ways than the bank lenders. So which one is right for you? Let's take a look at the differences (and similarities) to them.

Bank Lenders

Bank lenders are, as you guessed it, the mortgage lenders who work for a bank. Walk into any Chase, Wells Fargo, Bank of America, and you'll probably find one or two in the branch. Most people will go to the bank with which they have accounts in place. This can be an effective way to streamline your

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