Tag: #NewHome

PURCHASED PROPERTY IN 2019? SELLER MAY OWE YOU MONEY!

If you purchased property in 2019, you might be able to get money from the seller for their portion of the property taxes. Counties in the state of Texas finalize and mailed out the final property tax bill in October. When properties are purchased, the title companies and the lender use the certified property tax

Plumbing & P-Trap

One of the modern invention that is simple yet powerful is a p-trap. As the schematic indicates, it is shaped like alphabet U and commonly seen under sinks, toilets, etc. The wastewater drains through the sink and flows through the p-trap into the sewer line. The decomposition of solids in the wastewater release gas that

HVAC: Refrigerant R22 and the impact of phase out

R22 is a commonly used refrigerant that has been used in the HVAC system manufactured before 2010. R22 is considered an ozone-depleting substance and therefore regulated by the EPA. Per the EPA, as of Jan 1, 2020, the US will stop manufacturing R22 and prohibit the installation of new appliances that require the use of

PASSIVE INCOME: Would investing in rental properties an option?

Rental properties are a high investment class for those considering passive income. These are regarded as passive income as one has the option to continue full-time employment while managing these assets with a minimal time commitment. What is the investment model? Consider purchasing a single-family residential at $200K with a 25% downpayment; the monthly P.I.T.I.

APPLYING for Mortgage? THE Don’ts

Owning a home is a great opportunity that comes with many advantages. A significant percentage of homebuyers opting to finance, in this blog, we will provide the TOP THREE DON’Ts BEFORE CLOSING Do not apply for new credit Do not change jobs Do not transfer large amounts of money to your bank account without a

MORTGAGE: Which is better 15 years or 30 years?

When buyers are shopping for a mortgage, they wonder which is a better term, i.e., going with 15 years or 30 years note. The answer depends on the buyer financial situation. Indeed, a 15 years term will have a lower interest rate but higher monthly principal and interest (P&I). On the contrary, a 30 years

HOME BUYING: What is Final Walk-through?

Your dream to move is only days away, and you are very excited. Rightfully so as you searched for many homes, made an offer, went through the process of applying for the mortgage, etc., There is one crucial process right before closing called buyers’ final walkthrough. What is buyers’ final walk-through? As the name states

SELLING YOUR HOME: Three things to know!

Spring is here in North Texas! Blue skies, sunny and mild temperatures. Many families make an important decision to sell their home. These decisions are driven by factors like upsizing the home, downsizing the house, reduce job-related, be close to family and friends, etc., Based on our experience three critical factors affect the sellability of

What do you own when you own a real estate asset?

Seems to be a simple question to answer. In theory, when one holds a real estate, it means the land, the improvements to the land (structure), the space above and the minerals beneath the land. In some cases, minerals rights might be owned by one or more individuals or a corporation. What this means is