After speaking with a Tarrant County Appraisal District spokesperson, we've learned that the review of all appraisal districts in Texas by the state comptroller's office in 2010 probably won't make a difference in how local county appraisal districts work. The review is more an evaluation of the appraisal district's written procedures than an analysis of the accuracy of appraisals of real estate.
Since most local counties already have established written procedures, systems probably won't change much. Tarrant County is already evaluating its procedures to make sure that they meet state requirements.
Members of the Grove Team are working to gain additional knowledge of the tax appraisal process in order to be of maximum assistance to our clients to reduce tax bills. More to come.
Thursday, January 7, 2010
Sunday, December 20, 2009
Military Personnel Have Special Benefits
According to the National Association of Realtors, there are additional benefits for military personnel in the latest extension of the home buyer tax credit.
- Armed service, intelligence service, and foreign service personnel on active duty and out of the U.S. for 90 days during any part of 2009 get an additional year to buy their homes -- to May 1, 2011.
- Members of the military also do not have to repay the tax credit even if they have to sell their homes before the three year time limit if they move because of official duty.
Members of the military may use their VA benefits to buy a home with no down payment. With the changes in the mortgage industry, a zero down payment loan is virtually a thing of the past.
For more details, call the Grove Team at 817-337-0000 or go to http://www.groveteam.com/ to ask questions. There are many homes available in Keller, North Richland Hills, Grapevine, Southlake, and HEB that would fit almost the criteria of any buyer who qualifies to take advantage of the first time home buyer or current home seller tax credit.
Friday, December 4, 2009
100 Transactions - CLOSED!
Congratulations are in order to the Grove Team...officially closing and funding 100 units so far in 2009!
Do you have questions about buying or selling - we can help!
The Grove Team
Keller Williams Realty
Direct (817) 337-0000
info@groveteam.com
Web - www.groveteam.com
Do you have questions about buying or selling - we can help!
The Grove Team
Keller Williams Realty
Direct (817) 337-0000
info@groveteam.com
Web - www.groveteam.com
Federal Short Sale Guidance - Released
Short sale procedures for loan servicers are standardized in guidelines released earlier this week under the federal government's Making Home Affordable loan modification initiative for troubled home owners. The guidelines create a path for short-sale or deed-in-lieu of foreclosure for eligible borrows for whom loan modification isn't a viable option.
The guidelines provide $1,500 in federal funds to help borrows relocate, $1,000 to help servicers offset their processing costs, and up to $1,000 to investors secure release of subordinate liens. For each $3 an investor pays to secure the release of a lien, the investor receives $1 in assistance. The guidelines prohibit a reduction in agreed-upon commissions (if they're not more than 6%) and take effect April 5, 2010, but can be implemented by servicers at any time. Fannie Mae and Freddie Mac are expected to follow this release with their own rules based on these guidelines.
Do you have questions about selling or purchasing a short sale property? The Grove Team can help! With extensive experience both on the listing and purchases of short sale properties, our team can guide you step by step through the process.
Call us with any of your real estate needs...we are here for you! Specializing in Northeast Tarrant County.
The Grove Team
Keller Williams Realty
Direct (817) 337-0000
info@groveteam.com
www.groveteam.com
Blog source - dfwRealtors.com / MetroTex Association of Realtors
The guidelines provide $1,500 in federal funds to help borrows relocate, $1,000 to help servicers offset their processing costs, and up to $1,000 to investors secure release of subordinate liens. For each $3 an investor pays to secure the release of a lien, the investor receives $1 in assistance. The guidelines prohibit a reduction in agreed-upon commissions (if they're not more than 6%) and take effect April 5, 2010, but can be implemented by servicers at any time. Fannie Mae and Freddie Mac are expected to follow this release with their own rules based on these guidelines.
Do you have questions about selling or purchasing a short sale property? The Grove Team can help! With extensive experience both on the listing and purchases of short sale properties, our team can guide you step by step through the process.
Call us with any of your real estate needs...we are here for you! Specializing in Northeast Tarrant County.
The Grove Team
Keller Williams Realty
Direct (817) 337-0000
info@groveteam.com
www.groveteam.com
Blog source - dfwRealtors.com / MetroTex Association of Realtors
Wednesday, November 25, 2009
Time to give thanks...
It is with grateful hearts the Grove Team celebrates Thanksgiving this year!
The announcement of the homebuyer credit extension has continued our momentum into the holiday season. Recently announced, the Homebuyer's Credit has been extended now to April 30th.
In addition to the extension for first time homebuyers, existing homeowners can now take advantage of the market and the credit! In fact, that credit can help pay the commission on the sale of your home.
Would you like to know more? Contact us here at the Grove Team...
Direct (817) 337-0000
www.groveteam.com
info@groveteam.com
The announcement of the homebuyer credit extension has continued our momentum into the holiday season. Recently announced, the Homebuyer's Credit has been extended now to April 30th.
In addition to the extension for first time homebuyers, existing homeowners can now take advantage of the market and the credit! In fact, that credit can help pay the commission on the sale of your home.
Would you like to know more? Contact us here at the Grove Team...
Direct (817) 337-0000
www.groveteam.com
info@groveteam.com
Friday, October 30, 2009
Extension possible in First Time Home Buyer Credit
Bloomberg Media (Bloomberg.com) posted this exciting news regarding the potential extension of the first time home buyer credit...
Congress could approve extensions of an $8,000 first-time home buyer credit as soon as November 3rd. The extension would be good through April 30th, 2010 and would also allow more people to qualify...including those who already own homes and those in higher income brackets.
Changes we may expect include, homebuyers that have lived in their home for at least five years could receive a credit of up to $6,500 in the new plan. Couples earning as much as $225,000 and individuals earning up to $125,000 would also qualify.
Stay tuned with The Grove Team for the most up to date information on the tax credit extension and changes.
For more information on buying or selling a home, visit us at www.groveteam.com.
Congress could approve extensions of an $8,000 first-time home buyer credit as soon as November 3rd. The extension would be good through April 30th, 2010 and would also allow more people to qualify...including those who already own homes and those in higher income brackets.
Changes we may expect include, homebuyers that have lived in their home for at least five years could receive a credit of up to $6,500 in the new plan. Couples earning as much as $225,000 and individuals earning up to $125,000 would also qualify.
Stay tuned with The Grove Team for the most up to date information on the tax credit extension and changes.
For more information on buying or selling a home, visit us at www.groveteam.com.
Thursday, October 8, 2009
Appraisal District Will Help with Square Footage Dispute
If you think that you have less square footage than the appraisal district is reporting, you can send in an appraisal or blueprints from your home when it was built. If you don't have either one of those, you can ask the district to schedule an appraiser to to come measure your home. According to appraisal staff, it may take awhile, but the service is provided at no charge.
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