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By Bill Petrey, Realtor
If you feel you’ve been wronged by your real estate agent, and want to file a complaint against your agent, there are two ways to do it. In Texas, you can file with either the Texas Real Estate Commission (TREC), or the Texas Association of Realtors, or both.
Filing a Complaint with the Texas . . . → Read More: How To File A Complaint Against A Texas Realtor Or Real Estate Agent
By Bill Petrey, Realtor
Did you know you can fire your real estate agent or Realtor? It’s not like firing an employee, you really don’t need a good excuse other than you want to and as long as both parties agree to all terms and sign the agreement then you’re golden. However, you really should have a good . . . → Read More: How To Fire Your Real Estate Agent or Realtor
By Bill Petrey, Realtor
Learn how to tell if a neighborhood is increasing in value or is in a state of decline. There are several subtle clues you can spot to show which direction a neighborhood is headed. If you know what you’re looking for, you can see the signs and avoid buying a house in a declining . . . → Read More: How To Tell If A Neighborhood Is In Decline
By Bill Petrey, Realtor
Think all flat-fee listing services are the same? I did too until I talked with John Prell, Broker of Creekview Realty, a flat-fee agency in Texas. He had a lot to say about how some agents misrepresent their offerings and why it’s important to do your homework when choosing a flat-fee real estate agent. . . . → Read More: Top Ten Ways To Avoid Getting Ripped-Off By Flat-Fee Real Estate Agents
By Bill Petrey, Realtor
When comparing one house to another, the statistic that’s often used is price per square foot. Unfortunately, using price per square foot doesn’t paint an adequate picture when comparing houses. It can often be misleading and doesn’t take other factors into consideration. You can’t make generalizations like that when comparing unique houses.
Original Article: . . . → Read More: Don’t Get Fooled By Price Per Square Foot Comparisons
By Bill Petrey, Realtor
Thinking that a foreclosure is the end of the rainbow for your stressed financial situation? Wrong, it’s only the beginning. You have lots of hurdles to face once the foreclosure occurs and you no longer own the house. It’s not as easy a fix as you may think.
Original Article: >>> . . . → Read More: Problems Don’t End After The Foreclosure, They Begin
By Bill Petrey, Realtor
As there are some golden rules of property investing, there are also types of investment properties best avoided. While I disagree about short-term selling as a bad strategy, I do agree that it’s an extremely risky strategy and a hard strategy to be successful with for the novice investor. Short-term selling should be left . . . → Read More: Tips To Avoid Making Bad Real Estate Investments In Today’s Market
By Bill Petrey, Realtor
The expected drop in future home prices over the next few months could depend less on mortgage rates and buying trends than on how banks manage their OREO (other real estate owned) portfolios, know as REO by investors. The huge number of foreclosed homes being reclaimed by banks, is starting to occupy a large . . . → Read More: How Banks Deal With Foreclosures Will Determine The Real Estate Market’s Future
By Bill Petrey, Realtor
The turbulent residential real estate market of the last three years has proven too much for a large number of real estate agents. The lack of home sales has weeded out lots of real estate agents who saw the industry as a part-time job, a hobby or thought it was an easy way . . . → Read More: 30% Of Memphis’ Realtors Are Forced To Quit The Real Estate Industry
By Bill Petrey, Realtor
Don’t know what a CLUE report is? Too bad because not knowing could cost you when buying a home. A CLUE report is basically a historical report that shows insurance claims filed against that house. A bad CLUE report could reveal that insuring your house may be either more expensive or impossible due to . . . → Read More: CLUE Reports – Why You Need To Get A CLUE Before Buying A House
By Bill Petrey, Realtor
Times are tough for real estate agents right now. Here are a few ways to tell if your career in real estate may be in the dumps.
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By Bill Petrey, Realtor
If our government wants to improve the housing market, the last thing they can afford to do is spend months debating it. Homebuyers that may qualify for a future tax credit, are going to postpone their home-buying plans until the Administration decides whether or not to proceed with yet another homebuyer tax credit. If . . . → Read More: Homebuyer Tax Credit Or Not – Can The Housing Industry Survive The Debate?
By Bill Petrey, Realtor
According to Texas A&M’s RECON newsletter, the Federal Housing Administration (FHA) is going to increase monthly insurance premiums starting with mortgage transactions created after October 4, so lock in your lower monthly insurance premium on FHA loans before the rates go up. After October 4th, we can expect to see monthly insurance premiums on . . . → Read More: FHA Insurance Premiums Going Up Over 63%
By Bill Petrey, Realtor
If you’ve been talking with Texas real estate agents, looking for someone to hire, every agent you interviewed should have given you a copy of the “Information of Brokerage Services” form and asked you to sign a copy for their records. By now, you’re probably thinking, “what is this form and why is every . . . → Read More: Information About Brokerage Services Form Explained In Detail
By Bill Petrey, Realtor
Copper thieves at work destroying your home. Photo source: CopperWatcher
As a victim of copper theft, I’m always on the lookout for new solutions. After my theft, I was tempted to protect my copper pipes by attaching the 220 volt circuit to the copper pipe creating a copper thief version of a bug . . . → Read More: Copper Thieves Beware – Copper Theft Countermeasures Are Available
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