Archives for San Antonio Real Estate

Don’t Do These Things While Buying a Home

 Here are seven common home-buying mistakes you should avoid.   Are you looking to purchase a home soon? It’s an exciting process, but it’s easy to become overwhelmed and make mistakes. That’s why today I want to share a few common errors you should avoid when purchasing a home:   Don’t buy big-ticket items before closing. Once you get under contract, it’s easy to get excited about buying new furniture or a new car, but try and hold off for a bit. If you make a big purchase before you close, it could affect your credit and cause issues
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How To Use Option Money

 Settling the dispute of what happens to option money on a backup contract.   Everyone understands that you have to sign the backup addendum to have a true backup contract in Texas. However, there seem to be a lot of questions about what happens with the option money. For a true backup offer, you need a fully executed contract with earnest money. If you’re asking for an option period, you also need option money to go to the title company. If the buyer has the unrestricted right to terminate the backup contract, the termination period begins on the effective
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Financial Planning in 2022

   Eric Kala of Avid Wealth Partners shares his financial planning expertise. Looking to buy a home? Search All Homes Looking to sell a home? Get a Free Home Value Report Today I’m joined by Eric Kala from Avid Wealth Partners. He’s a fantastic financial advisor who I go to myself, so I wanted him to share a bit of his perspective on the market and his knowledge about financial planning with all of you. Feel free to watch the full message or use these timestamps to browse specific topics at your leisure: 0:11 — Introducing the guest and
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Preparing to Apply for a Mortgage

   Here’s everything you need when you go to apply for a mortgage. Looking to buy a home? Search All Homes Looking to sell a home? Get a Free Home Value Report Here are the things you need to gather when you decide to apply for a mortgage: 1. Tax returns. Most mortgage lenders want to see two years of tax returns. 2. Pay stubs. 3. W-2 Forms. They’ll want to see two years of W-2s. 4. Bank statements and assets. 5. Credit score. They will pull your credit history. Make sure you know your credit score before you
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Alarm Systems in a Nutshell

   Here are the four main considerations when choosing an alarm system. Looking to buy a home? Search All Homes Looking to sell a home? Get a Free Home Value Report Today I’m joined by Johnny Lopez from Advanced Protection Systems. He’s one of our partners, and he’s here to go over the four most important things you should consider in an alarm system: 1. Partnership. Know who you’re doing business with. You don’t want service from a random 1-800 number. 2. How is your alarm being monitored? Is it connected to a traditional phone line, or is it
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MSRP Select Move Program

   Here are the options our new MSRP Select Move program offers you. Looking to buy a home? Search All Homes Looking to sell a home? Get a Free Home Value Report Today’s topic is an exciting new program that we have to offer you. It’s called MSRP Select Move and it gives you three ways to sell your home without having to move out first. MSRP Select Move allows you to sell your house on the open market in the traditional way if that’s what you want to do. However, if that’s not the ideal process for your
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How We Helped Phyllis Sell Her Home For $40,000 Over Asking Price

   Here’s a testimony from a client we recently helped transition into a new home. Looking to buy a home? Search All Homes Looking to sell a home? Get a Free Home Value Report Moving houses is often tied to happy moments in life – moving cities to start a new career, a growing family, a new life chapter, or retirement. But sometimes moving is a result of something less happy – and, that’s okay when you work with the right partners to help make the transition smooth from start to finish. For Phyllis Whittington, the need to move
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The Latest Stats From Our Market

   These stats give you an idea of what’s happening in our market. Looking to buy a home? Search All Homes Looking to sell a home? Get a Free Home Value Report What do the latest stats say about our San Antonio market? Before I get to that, a quick reminder: Market stats are always 30 days in arrears, meaning we don’t get them until the 15th of the following month at the earliest. This means the following stats are taken from last May. We had 4,148 new listings, 4,403 active listings, and 3,504 pending sales. Homes are spending
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Exploring the Seller’s Temporary Residential Lease

   What you need to know about the seller’s temporary residential lease. Looking to buy a home? Search All Homes Looking to sell a home? Get a Free Home Value Report Today’s topic is the seller’s temporary residential lease. How is this addendum handled in a home sale? I’ll discuss both the seller and buyer sides. In our current market, this form is being used a great deal. Cited below for your convenience are timestamps that will direct you to various points in the video. Feel free to watch it in its entirety, or use these timestamps to browse
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New Contract Changes You Need to Be Aware of

  You should know these two important things about the new real estate contracts. Looking to buy a home? Search All Homes Looking to sell a home? Get a Free Home Value Report As of April 1, we have updated real estate contracts in the state of Texas. Overall, the changes that have been made are really good. There are two in particular that you need to know: 1. Earnest money. Earnest money had always been paid as a separate check or wire to the title company and the option money was written out to the seller in a different
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