Buyer

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Buyer We’re in the Option Period! What Does That Mean? The negotiating is done, the contract is signed… but don’t open the champagne yet, we’re just getting started! The day after the contract is signed by all parties the termination option period begins. This is a time, set up in the contract, that is can be used by the buyer to have the property fully […]
Buyer Tips and Tricks for a Stress-Free Move! Pack a suitcase for every member of the family as if you are going on a trip for a week. This will enable you to have each person’s necessities (Clothes, toiletries, towels, etc) for the first few days in the new home without stressing over which box to dig through. Don’t forget to pack a […]
Buyer Isn’t a property survey just a drawing? Why is it important? A property survey is a professional drawing and report that shows the boundaries, property lines, building setback lines, structures, and easements of a specific piece of real estate. Basically, it looks like an aerial sketch drawing of your property and defines what’s yours and what isn’t. The surveyor uses metes and bounds and the legal […]
Buyer What is a Home Inspection, and do I need one? If we’re talking about a home inspection that means that a buyer has put an offer in on a home, it was accepted, and they are officially under contract. Woo-hoo! Now, they are in the option period part of the contract. This is where the home inspection comes into play. A home inspection is a […]
Buyer Is Buying a Fixer Upper Worth It? Compared to a completely updated home, you can save tens of thousands on the overall price of a home that needs a little work. This savings trickles down to a smaller monthly payment and a smaller down payment which can be very attractive for your wallet! When thinking about buying a fixer-upper, first consider money, […]
Buyer Are Smart Homes Smart? Smart home technology is the new upsell in real estate. Thousands of properties sell every day that have smart devices. Smart features allow a person to control devices remotely or allow its built-in intelligence to work for them through a preset program, IFTTT, or context-awareness. These smart controls are available on devices throughout your house […]
Buyer House then Marriage or Marriage then House? Have you thinking about getting married? Is your goal to buy a house? Are you wondering if it’s better to buy before or after the wedding? Here are some things to consider if you live in Texas. If buying is on your radar it’s always best to get your ducks in a row and know […]
Buyer I’m Going to Need to See Some ID! Once you get to the closing table with your Realtor you would think everybody knows who’s who by now, right? Well kind of, but now you have to prove it. When signing documents to transfer real estate in Texas all signers must present an acceptable form(s) of identification. The minimum requirement is a current government-issued […]
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Buyer What Makes a Room a Bedroom? If you’ve been around real estate much in your life I’m sure you’ve heard the comment that if a room doesn’t have a closet it can’t be considered a bedroom. Well, that’s actually not true, at least in San Angelo! There is no single definition for a bedroom in Texas. In 2001 Texas adopted the […]
Buyer Contingency Contracts There are a few ways to buy a house before or while selling your current home. The most common way is by using a contingency contract. A contingency contract is basically a normal purchase contract, but it is contingent or dependent on the buyer selling another property, usually, it’s their current home. These contracts aren’t […]
Buyer What is a Homestead Exemption? Homestead Exemption = Saving $$ If you’ve purchased a home and it as your primary residence, then you should file for a homestead exemption with the Tom Green County Appraisal District to save money on your property taxes. Within San Angelo city limits, we are taxed on 3 things that make up our overall property taxes: County tax, City tax, […]
Buyer The Final Walk Through The final walk through is done by the buyer typically right before closing to make sure that everything is as it should be in the house they are fixing to purchase. Usually, at that point, the seller is moved out or is almost moved out and the buyer can make sure the house is in […]
Buyer How Do You Build Equity In Your Home? You hear people talk about the amount of equity they have in a house, but what does equity really mean? When we’re talking about houses, equity is what the home is worth minus how much you owe on it. If you purchased a $200,000 home and put 5% down ($10,000) then you start out having […]
Buyer What is a Conventional Loan? A Conventional loan is a non-government loan that meets requirements set by the Federal Housing Finance Agency (FHFA) and meets the funding criteria of Freddie Mac and Fannie Mae. The upside of choosing a conventional loan is they offer low-interest rates to borrowers with excellent credit scores. With a conventional loan, homebuyers typically enjoy the […]
Buyer What is a VA Loan? The VA loan program was originated and passed by the United States Congress in 1944. It is a mortgage loan created specifically for eligible military veterans, service members, and their spouses. It’s issued through private lenders but is guaranteed by the Department of Veterans Affairs (VA). It is a great program for those who qualify! […]
Buyer What is an FHA Loan? An FHA loan is a loan backed by the Federal Housing Administration. The FHA program started in the 1930s during the Great Depression when the rate of foreclosures was quickly rising. FHA loans are typically more popular with first-time homebuyers, but really, they are available to anyone who qualifies! You can only have one FHA […]
Buyer What am I Really Paying for in my Mortgage Payment? There are typically 4 main components that make up your total monthly mortgage loan payment: Principal, Interest, Taxes, and Insurance. The main part of the loan that everyone thinks about is the principal and interest. Your monthly principal is a fraction of the amount you borrowed from a lender to buy the home. The interest is […]
Buyer Does my credit score really affect getting a mortgage loan? Even though credit is only one piece of what a lender looks at, the short answer is yes! Lenders also look at employment history, income, cash on hand and debt. But since credit can be a pretty weighty factor we’re going to start there. Your credit score can be a deciding factor on whether or […]
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