Tag: #homesandrentalrichmondTX

Happy Clients Realty Group - Ali Palacios > #homesandrentalrichmondTX

Do you want to sell your home for top dollar?

Posted on by Ali Palacios - Broker

That seems like a ridiculous question, doesn’t it? Who wouldn’t say yes?

But yet, so many people make one huge mistake that stops them from getting top dollar for their home.

What’s weird is that the reason they make the mistake in the first place, is because they think doing so will get them top dollar for their home. But it doesn’t. In fact, it typically causes them to get less than they should…

That mistake is overpricing their home.

The hazards of overpricing are too numerous, and detailed to get into in this email. (But if you’re interested, just let me know and I’m glad to chat with you at length about them.)

Sadly, it happens more often than not.

How and why???

Here are 3 main reasons:

  • Because it’s natural for a homeowner to believe their home is worth more than an agent suggests.
  • Because many agents aren’t very good at explaining the data to clients, or illustrating how much damage overpricing can do.
  • Because many agents will agree to list someone’s home for too much, simply in order to avoid a tough conversation…or to get the business, and convince the owner to reduce the price over time.

So, it leads to many people selling for less than they should, and taking a longer time to get it sold.

Now, this isn’t to suggest that you should price your home too low, or “give your house away”. You need to price it perfectly. And that can be a fine line.

Pricing is as much an art, as it is a science. And, I take great pride in making sure I help my clients find the perfect pricing and positioning within the market in order for them to achieve the highest market value.

As experts in your neighborhood, my team and I have the knowledge and experience to choose the best list price for your property. Our goal is to maximize your proceeds while minimizing the time it takes to sell your property.

Thinking about selling?

Posted on by Ali Palacios - Broker

So you are thinking about selling a home? The truth is that most home owner move every 5-8 years.

Here are the top reasons why people sell and move:

  1. Home is too small. Home owners often outgrow their first home. Increased family size is the main reason home owners say they need a larger home.
  2. Upgrade. People often seek new and energy efficient homes. Or they simply want what they don’t have and long for a bigger, more expensive and grander, upscale home.
  3. Fix. Owners might believe they made a mistake in purchasing their present home. Maybe they thought they could get by without a back yard but now want a garden or a pool. At times the small things that bothered you from the beginning, become a bigger issue later.
  4. Job transfer. Relocation makes it necessary for many to pull up roots and move. If the commuting distance exceeds an hour, most people would prefer not to spend two hours in traffic every day.
  5. Bring on the new. Sometimes you just need a change
  6. Personal Relationships. Marriage can mean one of the parties will need to sell, especially if both owned homes prior to the commitment. On the other hand, break-ups/divorce cause owners to sell as well. Death in the family will also cause financial issues that might cause the family to sell.
  7.  Neighborhood changes. The neighborhood might have changed for the worse, economically, socially or physically.
  8. Neighbors. Unfortunately you won’t always click with people and sometimes these are your neighbors.
  9. Health problems. Physical ailments in aging might make it difficult to climb stairs in a two-story, so a one-story home may be more practical. At times home owner will need to transition to an assistance living facility.
  10. Climate. Sometimes seller simply seek warmer or cooler temperatures.
  11. Empty nest. The kids have grown up and moved out. The owners want a smaller home. The older you get, the harder it is to keep a big house clean.
  12. Deferred maintenance. Some people don’t want to put on a new roof, replace the siding or buy a new furnace, so it’s easier to buy a newer home.
  13. Closer or further from family. Home owner at times would like to spent more or less time with family members.
  14. Schools. Changed in school can cause home owner to move. Maybe they’d like to be zone to a particular school or they no longer feel safe in their current school zoning?
  15. Retirement. Active-adult communities are attracting many buyers over the age of 55. These planned communities have golf courses, club houses, workout facilities, week-end social gatherings, back-yard barbecue parties and more, all designed for people over 55.
  16. Home improvement perfection. A small segment enjoys fixing up and selling, spending time, money and effort on remodeling, and once the work is completed, these people become restless because there is nothing left to do.
  17. Cash in equity. Some home owners can’t stand the fact their home is worth all that money because that money is not in their pocket.
  18. Lifestyle change. Others are simply tired of owning a home and would prefer to travel, pursue a hobby or be less responsible. The goal is to sell the home and travel the world.
  19. Cost of running a house. Changes in job or position can cause financial strain and the home is no longer affordable.
  20. Moving to study. Academic goal will sometime force a seller to sell sooner than expected. Proximity to the school might be a consideration.

What ever the reason, we are here to help when you are ready.

 

Thinking about purchasing a home?

Posted on by Ali Palacios - Broker

Are you ready to buy a home but don’t know where to start? I know it can be overwhelming. Here are a few tips to get you started.

  1. Let’s chat. The best way to help you through the process is to talk about your goals and timing. Let’s meet and discuss your goals and plans. It’s never to early to start this process. In fact, it’s better to start up to a year before you’d actually like to move. This will allow you time to make corrections and get financially prepared for the move.
  2. How much can you afford? There is no point going to go see homes without knowing your budget. Take some time to review your income vs. debt and come up with a comfortable number. Keep in mind that most lender prefer that you payment amount to no more than 30% of your income.
  3. Get pre-qualified. This is the most important step. Speak to a lender about qualifying. The lender will review your finances and credit to determine your ideal sales price. The lender will also review loan options and interest rates. Don’t forget to ask about down payment assistance programs. If you’d like a referral I’d be happy to provide a list of great lenders.
  4. Let’s go home shopping! Once you are pre-qualified we can go look for a home. No home is perfect but typically if it meets 80% of your wants, you’re on a good track.
  5. Make an Offer. Once we have found the right home I will run numbers for the area and we will come up with an offer together. The offer encompasses several factors. We will go through them one by one. It’s important you feel comfortable with the offer presented.
  6. Once you offer is accepted I will them guide you through the rest of the sales process; which includes inspections, negotiating repairs or credits, appraisals, financing, final walk through, closing, etc.

The overall process can take a few months and as your agents I’d be with you during the entire process.If you have any questions please feel free to contact me anytime.

 

 

 

Assistance Animals and Emotional Support Animals

Posted on by Ali Palacios - Broker

Question: A tenant requested that he be allowed to have an assistance animal in the rental property as a reasonable accommodation because he has a disability. The property owner normally requires a pet deposit. Can the property owner require that the tenant pay a pet deposit as a condition for allowing the assistance animal in the rental property?

No. A property owner cannot require a tenant to pay a pet deposit or any other additional deposit as a condition for allowing an assistance animal in a rental property. However, a tenant with an assistance animal will still be considered legally responsible for any damage caused by that animal.

Source: texasrealestate.com

What’s Included in the Sales of a House?

Posted on by Ali Palacios - Broker

Did you ever wonder is that beautiful chandelier in the foyer is included in the sale of the property? What about the beautiful potted plants that accent the garden?

Contracts commonly used in Texas home sales state that the house, fixtures, improvements, and accessories are part of the sale. Here are examples of what stays and goes

Vocabulary: Agency & Agency Relationships

Posted on by Ali Palacios - Broker

The term “agency” is used in real estate to help determine what legal responsibilities your real estate professional owes to you and other parties in the transaction.

The seller’s representative (also known as a listing agent or seller’s agent) is hired by and represents the seller. All fiduciary duties are owed to the seller, meaning this person’s job is to get the best price and terms for the seller. The agency relationship usually is created by a signed listing contract.

The buyer’s representative (also known as a buyer’s agent) is hired by prospective buyers to and works in the buyer’s best interest throughout the transaction. The buyer can pay the agent directly through a negotiated fee, or the buyer’s rep may be paid by the seller or through a commission split with the seller’s agent.

A subagent owes the same fiduciary duties to the agent’s customer as the agent does. Subagency usually arises when a cooperating sales associate from another brokerage, who is not the buyer’s agent, shows property to a buyer. The subagent works with the buyer to show the property but owes fiduciary duties to the listing broker and the seller. Although a subagent cannot assist the buyer in any way that would be detrimental to the seller, a buyer customer can expect to be treated honestly by the subagent.

A disclosed dual agent represents both the buyer and the seller in the same real estate transaction. In such relationships, dual agents owe limited fiduciary duties to both buyer and seller clients. Because of the potential for conflicts of interest in a dual-agency relationship, all parties must give their informed consent. Disclosed dual agency is legal in most states, but often requires written consent from all parties.

Designated agents (also called appointed agents) are chosen by a managing broker to act as an exclusive agent of the seller or buyer. This allows the brokerage to avoid problems arising from dual-agency relationships for licensees at the brokerage. The designated agents give their clients full representation, with all of the attendant fiduciary duties.

A transaction broker (sometimes referred to as a facilitator) is permitted in states where nonagency relationships are allowed. These relationships vary considerably from state to state. Generally, the duties owed to the consumer in a nonagency relationship are less than the complete, traditional fiduciary duties of an agency relationship.

Source: Realtor.com

Texas Real Estate Commission Consumer Protection Notice Texas Real Estate Commission Consumer Protection Notice

Super Easy Tres Leches Cake

Posted on by Ali Palacios - Broker

 

  • 1 box butter cake
  • 4 eggs
  • 1 stick of butter
  • 1/2 cup water (or rum if you want to spice it up)
  • 1 can evaporated milk
  • 1 pint of heavy whipping cream
  • 1 can condensed milk
  • one container of cool whip (or make your own whipped topping with heavy cream and sugar)
  1. Mix butter cake mix with eggs, melted butter and water (or rum). Pour into a 9×13 pan and cook until done at 350 degrees.
  2. Mix all three types of milk in a bowl
  3. Poke holes in the butter cake and pour milk mixture on top. Cover cake and refrigerate over night.
  4. Frost the cake with the whipped topping and top with cinnamon (optional)

Enjoy!

 

Note: I’ve make several variations of this cake. I’ve added rum as stated above. I’ve lined the bottom of the pan with berries, dulce de leche, coconut or chocolate before pouring the cake mixture into the pan; then baked until done. What have you tried?

Greek Style Meatballs

Posted on by Ali Palacios - Broker
Greek style meatballs
  • 1/2 red onion, grated
  • 1 lb ground turkey or beef
  • 2 garlic cloves, minced
  • 1 grated zucchini
  • 1 cup breadcrumbs 
  • 1 egg
  • 1/4 cup fresh parsley, finely chopped
  • 6 large mint leaves, finely chopped 
  • 1/2 tsp dried oregano
  • 1 tbsp extra virgin olive oil
  • 3/4 tsp salt
  • Black pepper
  • 1 can diced tomatoes
  • feta cheese (to taste)
  1. Grate the onion and zucchini into a large bowl, then add remaining Meatball ingredients through black pepper. Use your hands to mix well for a few minutes until the mixture is quite smooth and very well combined.
  2. Then roll into balls.
  3. Heat oil in a large skillet over medium heat. Cook meatballs until browned.
  4. Add diced tomatoes and cook until meatballs are cooked through.
  5. Sprinkle with feta cheese

Enjoy!

Note: I’ve served these with rice, pasta or pita bread

Lentils and Rice with Onions (Mujadarrah)

Posted on by Ali Palacios - Broker

  • 3 tablespoons olive oil
  • 3 medium onions, sliced
  • 3 1⁄2cups water or chicken broth
  • 1 cup lentils
  • 1 cup rice
  • 1 teaspoon salt
  • 1 teaspoons cumin
  • 3 garlic cloves
  1. Heat olive oil in skillet, saute the onions with 1 tsp cumin until lightly browned. Add garlic and sauté until soft
  2. Remove 1/3 of the onions and set aside for topping
  3. Continue cooking the rest of the onions until dark brown and black in places.
  4. In the meantime, bring water to a boil in a saucepan, add the lentils, reduce heat, and cover, simmering for 15 minutes or until tender. I add salt to the water.
  5. To the lentils, add the 1/3 lightly browned onions, rice, salt, and remaining.
  6. Cover and simmer 15 minutes or until rice is tender.
  7. Remove from heat and stir in the well-browned onions.
  8. Cover and let stand for 5-10 minutes.

So yummy!

Common myths that stop renters from becoming buyers

Posted on by Ali Palacios - Broker

I’m a real estate agent who specializes in helping people who are renting become homeowners. I can’t and won’t tell you that buying a house is the best choice for you. (It’s not for everyone.) But there are a few common myths or misunderstandings that stop people who should buy a house from doing so.

  1. You can’t afford to buy a house. If the reason you’re renting is because you simply think you can’t afford to buy, you can know pretty quickly and easily. All it takes is reaching out to a mortgage professional to get “pre-approved” for a mortgage. They’ll not only let you know if you can afford to buy, but also how much you can afford to spend. Maybe you can even qualify for a mortgage and find a house that only costs you as much or less than you’re already paying in rent every month!
  2. You could never save enough for a down payment. But what you may not know is there are mortgages out there that require low down payments. In fact, depending on your rent, a down payment could be equivalent to having to pay a landlord: security deposit, last month’s rent and possible pet deposits…before you can move in.
  3. The cost of upkeep and repairs are too high. True enough. You aren’t responsible for the upkeep or repairs in your rental…But you also have little or no say about what gets fixed, when it gets fixed, or the quality of the work. And you don’t have any say in making improvements
  4. You don’t want all their money to be tied up in a house. People claim they want their money to be “liquid” (available to use), or that it’s better off being invested another way, making them more money. That’s OK if the person has a lot of liquid cash tied up in a way that’s actually making them money, or they truly need the money they have to be available for some other reason. It’s really a personal decision when it comes to this.
  5. The market might crash. They’re afraid that they’ll buy a house, and then the market will decline and it won’t be worth as much as they paid for it. Sure, the market could “crash”. Or it might not “crash” (that’s pretty drastic). Real estate values go up and down. Historically, values go up. They might dip, but then they do eventually surpass where they’ve ever been before.
  6. You want the freedom to pack up and go. Good thought but most people aren’t just packing up and moving to Bali (or wherever else) making a living online (or doing whatever else). Sorry, not trying to be a buzzkill…
  7. You have poor credit. If this is your main reason for renting, you might be in luck…There are lenders who have mortgage products for people with lower credit scores. And if your credit score is too low, and you can’t qualify for a mortgage at this time, you can repair your credit and raise your score in a short period of time.
  8. It’s too soon or too late to buy a home. There’s never a perfect time to buy a house. Either they still have too many months to go on their lease, or not enough time before they have to sign another one. There are a couple of ways to deal with this: Can you break your lease with little or no penalty? If so, great, you have a lot of flexibility to buy a house or If you can’t break your lease without a hefty penalty, then you just need to plan ahead.
  9. The process is too overwhelming. Actually, buying a house can be complicated and overwhelming. But it doesn’t have to be. The problem for most people is they try to do a lot of the process alone. Maybe it’s to avoid having to deal with real estate agents…But when you work with a real estate agent who is truly on your side the process isn’t overwhelming or complicated.
  10. I can’t get the home I desire. Unfortunately, everyone has a budget. Even people with the highest budget you can imagine go through the same thing. Everyone seems to want just a little bit more than they can afford at the moment. It’s simply human nature. To quote Jack Welch: “Deal with reality as it is, not as you wish it to be.”
  11. It’s too much of a financial commitment. It certainly is a financial commitment. But so is renting! When you sign a lease, you’re committing to pay someone a certain amount, each month, for a period of time. There are penalties for breaking a lease or for not paying.

If you already know the benefits of buying a home, and just aren’t sure where to begin, just give me a call or send me an email and I can get you pointed in the right direction.

There are a lot of ways and places to get pre-approved, but I have a few lenders that I trust and recommend. Feel free to reach out to me.

 

Ali Palacios, GRI, ABR, MCNE, TAHS, ASPRE, HARRL, CSMS
Broker
Happy Clients Realty Group
ali@happyclientsrealtygroup.com
Mobile – 832-418-0670
www.ilovehappyclients.com