Broker brokerage services. Bret Wilson, License 0606304 Merit Homes. |
Showing posts with label Building a lifestyle together. Show all posts
Showing posts with label Building a lifestyle together. Show all posts
Thursday, August 17, 2023
Did you Know?
Monday, March 1, 2021
3 catchphrases in the Real Estate industry that could mislead you.
The real estate industry can sometimes appear dishonest, suspicious, and misleading. Overall the majority of the people that I have met working in the industry are hard-working, caring people who truly want to help others. However, sometimes catchphrases are used by industry professionals that can be misleading. 3 such phrases are listed in the video below.
3 catchphrases in the Real Estate industry that could mislead you.
Probate Information about Real Estate Real Estate Probate Information
Free tool for determining the value of your home? What is my Homes Value?
Other Free tools for your Home Search or Sale Other Free Tools
Free information, How to Sell your home? Listing and Marketing Guide
Have a question? Reply to this post or contact me here Contact me Here
PSA (Pricing Strategy Advisor), CPRES (Certified Probate Real Estate Specialist)
Texas Real Estate Commission Information About Brokerage Services
Texas Real Estate Commission Consumer Protection Notice
Monday, February 22, 2021
A place to locate contact information and resources for most Texas Probate Courts
Have you found yourself in the probate process in Texas? Weblinks and contact information of a few of the local probate courts as well as a website to help you locate the contact information of most Texas Probate courts.
Locate information about your Texas Probate Court Here: THE TEXAS OFFICE OF COURT ADMINISTRATION
| County Probate Court | Probate Court | Denton | 1450 E McKinney St, Ste 2412 Denton, 76209-4524 nydia.godinez@dentoncounty.com | (940)349-2140 website |
Dallas County
| County Probate Court | Probate Court | Dallas | 1201 Elm St, Ste 2400-A Dallas, 75270 | (214)653-7236 website |
| County Probate Court | Probate Court No. 2 | Dallas | 1201 Elm St, Ste 2200-A Dallas, 75270 lincoln.monroe@dallascounty.org | (214)653-7138 website |
| County Probate Court | Probate Court No. 3 | Dallas | 1201 Elm St, Ste 2200-B Dallas, 75270 | (214)653-6166 website |
Tarrant County
| County Probate Court | Probate Court No. 1 | Tarrant | 100 W Weatherford, Rm 260A Fort Worth, 76196-0241 probatecourt1@tarrantcounty.com | (817)212-7238 website |
| County Probate Court | Probate Court No. 2 | Tarrant | 100 W Weatherford, Rm 150 Fort Worth, 76196-7752 taclay@tarrantcounty.com | (817)884-1415 website |
Collin County
| County Probate Court | Probate Court No. 1 | Collin | 2100 Bloomdale Rd, Ste 12010 McKinney, 75071 cevans@collincountytx.gov | (972)548-3810 website |
The above information is in no way legal or financial advice and should be used only as a reference to help understand the probate process and how it relates to Real Estate. If you are in need of legal or financial advice about probate I encourage you to seek a licensed lawyer or accountant who specializes in probate.
Other Real Estate and Probate Information Real Estate Probate Information
Free tool for determining the value of your home? What is my Homes Value?
Free information, How to Sell your home? Listing and Marketing Guide
Have a question? Reply to this post or contact me here Contact me Here
PSA (Pricing Strategy Advisor), CPRES (Certified Probate Real Estate Specialist)
Texas Real Estate Commission Information About Brokerage Services
Texas Real Estate Commission Consumer Protection Notice
Wednesday, January 20, 2021
Working with Real Estate Agents "5 things you may not know"
The real estate industry can sometimes appear dishonest, suspicious, and occasionally even criminal. Overall the majority of the people that I have met working in the industry are hard-working, caring people who truly want to help others. There are however always a few individuals looking to take advantage of the inexperience of others.
5 Things you may not know about the Real Estate industry that will help you along the way
Probate Information about Real Estate Real Estate Probate Information
Free tool for determining the value of your home? What is my Homes Value?
Other Free tools for your Home Search or Sale Other Free Tools
Free information, How to Sell your home? Listing and Marketing Guide
Have a question? Reply to this post or contact me here Contact me Here
PSA (Pricing Strategy Advisor), CPRES (Certified Probate Real Estate Specialist)
Texas Real Estate Commission Information About Brokerage Services
Texas Real Estate Commission Consumer Protection Notice
Wednesday, January 13, 2021
Probate and Real Estate - What is Muniment of Title
Muniment of Title - Can be used when there is a will and no debts other than debts secured by a lien on real estate.
The Muniment of Title process is most often used to transfer Real Estate from the decedent to the beneficiaries when there are no other debts. Unlike other probate processes, this process will not have a specific person acting on behalf of the estate.
Benefits of this process include completing the title transfer of Real Estate quicker with less cost
Obstacles of this process include difficulties in transferring none real estate assets such as stock, bank accounts, and such because no one person is acting on behalf of the estate.
The above information is in no way legal or financial advice and should be used only as a reference to help understand the probate process and how it relates to Real Estate. If you are in need of legal or financial advice about probate I encourage you to seek a licensed lawyer or accountant who specializes in probate.
Other Real Estate and Probate Information Real Estate Probate Information
Free tool for determining the value of your home? What is my Homes Value?
Free information, How to Sell your home? Listing and Marketing Guide
Have a question? Reply to this post or contact me here Contact me Here
PSA (Pricing Strategy Advisor), CPRES (Certified Probate Real Estate Specialist)
Texas Real Estate Commission Information About Brokerage Services
Texas Real Estate Commission Consumer Protection Notice
Wednesday, December 23, 2020
18 important points of negotiation when making or receiving an offer on a Single-Family Home in Texas
Negotiating an offer to purchase or sell a home is much more complex than most consumers recognize. Below I have listed 18 opportunities for negotiation on the Standard TREC 1 to 4 Family Residential Resale Contract. Not fully understanding each point of negotiation and how they affect the overall closing of the transaction could cost you Time, Money, or the Sale or Purchase of your home altogether. An experienced consultant will help you determine the best way forward to meeting your top priorities and goals.
1. Improvements (Line - 2 D. of Contract) – Are there items such as TV mounts, antique lighting fixtures, specialty doors or any other fixture that the seller intends to take with them when they move? Will the seller replace the removed items with new acceptable items before they move?
2. Mineral Rights (Line - 2 E. of Contract) – Does the seller still own the mineral rights to the property? Will the mineral rights convey to the new buyer or stay with the seller? (Addendum would be required if the seller wishes to maintain mineral rights)
3. Sales Price (Line - 3 of Contract) – What is the total purchase price? How much down payment will the buyer provide? How much in financing will the buyer require? (Addendum would be required if the buyer is using financing)
4. Earnest Money Deposited (Line 5 of Contract) – How much earnest money will the buyer deposit with the title company?
5. Title Company Used (Line 5 of Contract) – What title company will be used to close the transaction?
6. Title Policy (Line 6 A. of Contract) – What title company will provide the title policy? What type of tile policies will be provided? Who will pay for the title policies “Buyer or Seller”?
7. Survey (Line 6 C. of Contract) – Can an existing survey be used to close this transaction? If not, who will pay for the new survey?
8. Title Objections (Line 6 D. of Contract) – How many days will the buyer have to review the title disclosure? What prohibited use or activities will be included as possible objections?
9. HOA Documentation (Line 6 E. 2 of Contract) – Is the home being sold subject to mandatory membership in an HOA? If so, will the HOA addendum be used as part of this contract?
10. Sellers Disclosure (Line 7 B. of Contract) – Is a seller’s disclosure required? If so when will the seller's disclosure be provided to the buyer?
11. Upfront Repairs (Line 7 D. of Contract) – Is buyer requesting upfront repairs or treatments even before the inspection is complete?
12. Home Warranty (Line 7 H. of Contract) – Will the seller contribute funds to purchase buyer home warranty?
13. Closing Date (Line 9 A. of Contract) – What date will buyer and seller close on the home?
14. Buyer Take Possession (Line 10 A. of Contract) – When will the buyer take possession of the home? If buyer or seller needs a temporary lease an (Addendum would be required)
15. Special Provisions (Line 11 of Contract) – Is there a detail that needs to be added in Special Provisions, applicable to the specific offer at hand, that TREC has not promulgated a form, lease or addendum for?
16. Seller Paid Closing Cost (Line 12 A. of Contract) – Will the seller contribute funds on behalf of the buyer to help pay for the buyer's cost of closing on the home?
17. Addenda to Contract (Line 22 of Contract) – What Addenda is being used with this specific transaction? Many Addenda are required by law or being used as best practice for the buyer or seller.
18. Option Period (Line 23 of Contract) – Will the buyer have an unrestricted right to terminate the contract? (Typically used to have the home inspected) If so, how long will the option period last? How much will the buyer pay the seller for the option period?
Probate Information about Real Estate Real Estate Probate Information
Free tool for determining the value of your home? What is my Homes Value?
Other Free tools for your Home Search or Sale Other Free Tools
Free information, How to Sell your home? Listing and Marketing Guide
Have a question? Reply to this post or contact me here Contact me Here
PSA (Pricing Strategy Advisor), CPRES (Certified Probate Real Estate Specialist)
Texas Real Estate Commission Information About Brokerage Services
Texas Real Estate Commission Consumer Protection Notice
Tuesday, December 22, 2020
When Listing your Home "For Sale" is Staging Required?
Staging your home can be a great way to increase your profits and/or reduce your time on the market. How do you know if staging is right for you?
Probate Information about Real Estate Real Estate Probate Information
Free tool for determining the value of your home? What is my Homes Value?
Other Free tools for your Home Search or Sale Other Free Tools
Free information, How to Sell your home? Listing and Marketing Guide
Have a question? Reply to this post or contact me here Contact me Here
PSA (Pricing Strategy Advisor), CPRES (Certified Probate Real Estate Specialist)
Texas Real Estate Commission Information About Brokerage Services
Texas Real Estate Commission Consumer Protection Notice
Thursday, December 17, 2020
Probate and Real Estate - Types of Probate in Texas
Texas has various types of probate procedures. The procedure used will be determined by whether the decedent had a will, the size of the estate, and the type of property involved. Knowing how your particular situation will be probated can help you set expectations and determine how and when to deal with any real estate involved.
Probate procedures include:
Administration with will annexed - Used when the named executor is no longer capable to serve as executor or the will have not named an executor
Small Estate - Could be available when the value of the probate estate is less than $75,000, excluding the value of homestead and other exempt property. Other qualifications apply.
Dependent administration - The executor or administrator will be appointed and supervised by the courts. Many actions and transactions will require court approval before finalizing.
Proceeding to determine heirship - Court proceeding used to determine heirs when a decedent passes without a will.
Independent Administration - Mostly simple process requiring little court supervision.
Administration with dependent executor - Often used when creditors are many and asset few, when a will is being contested, or the will have not specified independent administration
Muniment of title - Can be used when there is a will and no debts other than those secured by a lien on real estate.
The above information is in no way legal or financial advice and should be used only as a reference to help understand the probate process and how it relates to Real Estate. If you are in need of legal or financial advice about probate I encourage you to seek a licensed lawyer or accountant who specializes in probate.
Other Real Estate and Probate Information Real Estate Probate Information
Free tool for determining the value of your home? What is my Homes Value?
Free information, How to Sell your home? Listing and Marketing Guide
Have a question? Reply to this post or contact me here Contact me Here
PSA (Pricing Strategy Advisor), CPRES (Certified Probate Real Estate Specialist)
Texas Real Estate Commission Information About Brokerage Services
Texas Real Estate Commission Consumer Protection Notice
Tuesday, December 15, 2020
Consultant or Salesman What is the Difference?
Both Consultants and Salesmen can be well informed and experienced in marketing and locating real estate. They may both be high-level performers and know all of the best trade secrets. What is the difference between them? Why should it matter?
Probate Information about Real Estate Real Estate Probate Information
Free tool for determining the value of your home? What is my Homes Value?
Other Free tools for your Home Search or Sale Other Free Tools
Free information, How to Sell your home? Listing and Marketing Guide
Have a question? Reply to this post or contact me here Contact me Here
PSA (Pricing Strategy Advisor), CPRES (Certified Probate Real Estate Specialist)
Texas Real Estate Commission Information About Brokerage Services
Texas Real Estate Commission Consumer Protection Notice
Friday, December 11, 2020
Probate and Real Estate - When is Probate Required?
Probate is required when the decedent (person who has died) dies without a will (know as dying intestate). In this instance, the Texas Probate Code dictates who the heirs are and the amount they will inherit.
Probate may not be required when the decedent died with a will (known as dying testate). The assets pass to the beneficiaries in the will as named. Probate may be required if the will is contested or if at the time of death the decedent owned property that is subject to probate. Most property is subject to probate unless an effort was made with the title to the property to avoid probate.
Property Owned as - Sole Ownership, Tenancy in Common, or Community Property is subject to the probate process.
Property owned as - Joint Tenancy with Survivorship or Tenancy by the Entireties pass as owned.
The above information is in no way legal or financial advice and should be used only as a reference to help understand the probate process and how it relates to Real Estate. If you are in need of legal or financial advice about probate I encourage you to seek a licensed lawyer or accountant who specializes in probate.
Other Real Estate and Probate Information Real Estate Probate Information
Free tool for determining the value of your home? What is my Homes Value?
Free information, How to Sell your home? Listing and Marketing Guide
Have a question? Reply to this post or contact me here Contact me Here
PSA (Pricing Strategy Advisor), CPRES (Certified Probate Real Estate Specialist)
Texas Real Estate Commission Information About Brokerage Services
Texas Real Estate Commission Consumer Protection Notice
Monday, December 7, 2020
Probate and Real Estate - What are Letters of Testamentary or Letters of Administration and how long will they Take?
Letters of Testamentary- Are issued when there is a Will. They are court-appointed documents that verify who the court-appointed executor of the estate will be.
Letters of Administration- Are issued when there is not a Will. They are court-appointed documents that verify who the court-appointed administrator of the estate will be.
The Letters of Testamentary / Administration give an executor or administrator Full or Limited Authority to move forward to Phase 2 (Administration).
Full Authority - Typically gives the estate representative the ability to sell a property without court supervision
Limited Authority - Often requires court confirmation to sell a property.
With an efficient running court and if everything is in order Letters of Testamentary or Administration should take about three to four months from start to finish. Possible delays can occur from such items as the difficulty in locating and notifying heirs.
The above information is in no way legal or financial advice and should be used only as a reference to help understand the probate process and how it relates to Real Estate. If you are in need of legal or financial advice about probate I encourage you to seek a licensed lawyer or accountant who specializes in probate.
Free tool for determining the value of your home? What is my Homes Value?
Free information, How to Sell your home? Listing and Marketing Guide
Have a question? Reply to this post or contact me here Contact me Here
PSA (Pricing Strategy Advisor), CPRES (Certified Probate Real Estate Specialist)
Friday, December 4, 2020
Probate and Real Estate How long will it take?
Losing a loved one can be a difficult time. With the support of your family and friends, it is my hope in time that you find comfort.
At some point in the coming months, you may find yourself going through the probate process. Often the first two questions asked when faced with the probate process are: What is probate? How long will it take?
Probate = Is the legal process of gathering the assets of a deceased person to pay their remaining debts and distribute the balance of their assets to their heirs or beneficiaries.
The Probate Timeline = Can span from several months to several years, depending upon the complexity of the case. Below is an illustrative timeline of the probate process broken out by the 3 phases of probate. Phase 1 Appointment, Phase 2 Administrative, Phase 3 Closing
The above information is in no way legal or financial advice and should be used only as a reference to help understand the probate process and how it relates to Real Estate. If you are in need of legal or financial advice about probate I encourage you to seek a licensed lawyer or accountant who specializes in probate.
Free tool for determining the value of your home? What is my Homes Value
Free information, How to Sell your home? Listing and Marketing Guide
Have a question? Reply to this post or contact me here Contact me Here
PSA (Pricing Strategy Advisor), CPRES (Certified Probate Real Estate Specialist)
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