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real estate transactions Archives

Little tricks to boost your home's value before a sale

If you're planning to sell your San Antonio residence, you probably want to get the process over and done with as quickly as possible, but did you know that a few small improvements could dramatically boost the value of your residence? It could pay both in money and time to complete a few improvement tweaks before you put your home on the market.

Banks plan to approve fewer commercial real estate loans in 2017

United States banks say that they will be tightening their standards for granting commercial real estate loans during 2017 and into 2018. The Federal Reserve reported the news last Monday, commenting that this could affect the future of commercial real estate business in the immediate future.

Have foreclosure rates fallen to pre-recession levels?

National foreclosure rates -- including auctions, bank repossessions and default notices -- have fallen by 19 percent since the same time last year. Only 235,000 properties nationwide have been subjected to foreclosures in the first quarter of 2017. This information, reported by Attom Data Solutions, represents the lowest foreclosure rates since third quarter 2006.

What is acceleration in the foreclosure process?

Financial hardship and other reasons -- like illness or bad investments -- may result in your inability to pay your mortgage on time. When you can't make the mortgage payments on your home, it will eventually end up in the foreclosure process. However, before foreclosure, your mortgage could be subject to acceleration. Acceleration happens when the financial institution that issued the mortgage asks for complete payment of the entire amount owed due to the homeowner's failure to make timely payments.

Advice for selling a termite damaged home

State laws require home sellers to disclose whether their homes have termite damage to anyone looking to purchase the residence. Termite activity and termite damage can be disclosed via a disclosure form. The state of Texas has a standard home seller's disclosure form that you can use for this purpose.

Factor in property taxes before buying Texas real estate

The state of Texas has -- whether you think it's a good idea or not -- one of the highest property tax rates in the United States. According to an analysis published by WalletHub, Texans pay approximately 1.9 percent in property taxes. That ranks our state as having the sixth highest property tax rate in the country.

What should I do before I offer my home for sale?

If you've decided to sell your home, you don't want to rush into things too quickly before you put it up for sale. First, you'll want to make a few preparations to ensure your home is attractive and you can get the most money for it when you finalize the sale.

Do I have a termites?

Whether you're considering purchasing a home, or trying to sell your old one, it pays to be able to identify a termite problem. Home sellers will need to correct their termite problem before trying to sell their residence. Home buyers will want to recognize a termite problem before they sink their hard-earned money into a problematic home.

Economist says home prices may go up in Houston

There's good news for people who are looking to sell their homes in the Houston area. A Texas economist reported that home prices will likely surge this year. The economist, from the Real Estate Center at Texas A&M University, said that even though the market is tight there has been a lot of demand.