Tag Archives: real estate contract

New Listing in Terravista – 4 bedroom, 2 bath

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Watch the virtual tour for this property: 220 TerraVista Trail MLS #215164

220Terravista

Beautiful 4 bedroom, 2 bath Steve Klein home in TerraVista. Kitchen has island, eating bar, stainless appliances, custom dark wood cabinets and granite with tile backsplash. The master bathroom offers a large garden tub and separate tiled shower, double vanity and spacious walk-in closet. The guest bedrooms share a Jack-and-Jill bathroom and the indoor utility room has plenty of storage. The home also has custom light fixtures, ceiling fans, ceramic tile floors, and it’s wired for security. The covered patio and large yard are perfect for your family BBQ’s.

If you would like Rick and Sharon to meet with you to discuss buying or selling a home please call 361-433-0520. Or email rick@gcrtx.com or sharon@gcrtx.com. Ask about our Educator Incentive Program. Try our Property Search to find houses with up-to-date information. Like us on Facebook!

Accurate Property Search – GCRTx

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GCRIcon50x50Do you get frustrated when looking for properties on-line and then find out the ones you really like are no longer available? Although, the internet is a great resource for finding houses sometimes the sites don’t post the most up-to-date status for properties. Try using our website to get accurate data on the status of each house you find. As soon as a realtor uploads a new listing or changes the status of an active property to optioned, under contract or sold, our website will provide the same search results when you are looking for a property. Go to Golden Crescent Realty at http://www.gcrtx.com/ and click on the Property Search button.

You can narrow your search by listing price, area, square footage, number of bedrooms and many more parameters. Enjoy your search.

activeThe capital A means this property is Active and available.

optionedThe capital P means this property is Optioned. The seller has accepted an offer.

under contractThe capital U means this property is Under Contract.

 

If you would like Rick and Sharon to meet with you to discuss buying or selling a home please call 361-433-0520. Or email rick@gcrtx.com or sharon@gcrtx.com. Ask about our Educator Incentive Program. Try our Property Search to find houses with up-to-date information. Like us on Facebook!

You want to buy a house. Step 3 – Determine market value

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Step 1 – Get your pre-approval letter from your lender

Step 2 – Look at houses in your pre-qualified price range

Step 3 – You found a house you like and you are ready to submit an offer.  Rick and Sharon will help you determine the fair market value for the house you wish to purchase. They will do ‘comps’ in the area to find out what other properties of like size, age, location, and amenities have sold for in the past 6 months. You will want to consider the average, high, and low price per square foot of the sold properties and compare those same numbers to the property you want to purchase.

To find price per square foot:

  • Divide the home’s price by the number of square feet to figure its cost per square foot.
  • The formula is: Price / Square Feet = Price Per Square Foot. Ex: $132,000 / 1250 sq ft = $105.60 per square foot.

Step 4 – The offer.

If you would like Rick and Sharon to meet with you to discuss buying or selling a home please call 361-433-0520. Or email rick@gcrtx.com or sharon@gcrtx.com. Ask about our Educator Incentive Program. Try our Property Search to find houses with up-to-date information. Like us on Facebook!

 

If I see it does it stay?

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refrigeratorWhen buyers are house shopping there’s often confusion about what will remain with the house after the sale. It’s best the seller is specific in the listing to note what is included and what is not. For instance, normally the refrigerator does not stay. So, if the seller’s intent is to include it with the sale of the home it should be in the listing stating that it conveys with the property or conveys with an acceptable offer.

If items are permanently affixed they generally convey with the sale unless specified otherwise. The dishwasher, oven, light fixtures, and even landscaping are considered fixtures and will generally remain with the house. Things like a flat-screen TV, counter-top microwave (not built-in), curtains, and refrigerator are not considered fixtures and will probably be moved by the seller.

Make sure you get it all in writing even if the listing states the refrigerator will stay because it’s not legally binding unless it’s part of the sales contract or listed on the non-realty addendum.

If you would like Rick and Sharon to meet with you to discuss buying or selling a home please call 361-433-0520. Or email rick@gcrtx.com or sharon@gcrtx.com. Ask about our Educator Incentive Program. Try our Property Search to find houses with up-to-date information.

Earnest Money

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When a buyer submits an offer for a property it will almost always include a check for earnest money written out to the escrow agent or title company. The earnest money check shows the seller that the buyer is ‘earnest’ or serious about purchasing the property. The earnest money is applied to the buyers closing costs if the deal is completed. If the deal falls through because the seller backs out of the contract the earnest money will be returned to the buyer. However, the buyer may forfeit the earnest money if the buyer defaults.

If you would like Rick and Sharon to meet with you to discuss buying or selling a home please call 361-433-0520. Or email rick@gcrtx.com or sharon@gcrtx.com. Ask about our Educator Incentive Program. Try our Property Search to find houses with up-to-date information.