General

Why Should I Fill in a T-47 When I Sell My House?

What is a T-47? The T-47 is a Residential Real Property Affidavit. It’s a notarized document that tells the buyer of your home what you know about the home’s boundaries. Who needs the T-47? The buyer needs this affidavit, and it is used by their lender and title company to figure out whether they are […]

Tom Ashworth | Jun 18, 2018

Why you pay commission

The Buyers and Sellers sometimes try to deal directly with the each other; the reason is to save the commission on the agent. This is an understandable reason however it leads to problems. The primary problem is that the commission cannot be saved by both the parties simultaneously. The Buyers’ reasons for feeling justified in […]

Tom Ashworth | Jun 17, 2018

Act fast or lose the opportunity – Interest Rates

Interest rates today are lower than at any time in recent memory, this provides a great opportunity to borrow at low rates, however the current states of affairs are only temporary and it may be in your best interest to act quickly when it comes to home ownership. Consider this; according to a report published […]

Tom Ashworth | Jun 16, 2018

Waiting Period After Distressed Sale

“How long do we have to wait to qualify for another mortgage” is the question concerning people who’ve had a foreclosure, short sale or bankruptcy. The loan types for the new loan will differ in amounts of time to heal credit scores based on the event. The following chart is meant to be a general […]

Tom Ashworth | Jun 15, 2018

The Tax Differences in Second Homes

A primary house and a second house have some similar advantages; however, they have a few key tax differences. A principal house is the primary residence where you live and a 2nd home is used specially for personal enjoyment at the same time laws limit rental to at most of 14 days in a 12 […]

Tom Ashworth | Jun 14, 2018

Costs More – Takes Longer – Burnet Texas Home Projects

Burnet Texas Home Projects Costs More – Takes Longer – Burnet Texas Home Projects is one experience that homeowners can agree upon after completing a remodeling project is that it costs more and takes longer than expected. It doesn’t really matter that you researched, planned, and received multiple bids, it will, invariably, cost more and […]

Tom Ashworth | Jun 11, 2018

Case Study – Housing Decision During Retirement

A couple is planning to tour the United States in a travel trailer during their first few years of retirement. They are going to sell their current home now and purchase another home when they finish their travels. An interesting exercise is to determine the optimum time of selling the home: now or when they’re […]

Tom Ashworth | Jun 11, 2018

Homeowners Overlooked Record Keeping – Burnet Texas Real Estate

Homeowners Tip of The Day Homeowners are familiar that they can deduct the interest and property taxes from their income tax returns. They also understand that there is a substantial capital gains exclusion for qualified sales of up to $250,000 if single and $500,000 for married filing jointly. However, ongoing recordkeeping tends to be overlooked. […]

Tom Ashworth | Jun 10, 2018

Second Guessing Price on Your Hill Country Property

Trust your Hill Country Property Agent or Get a New One! Imagine a homeowner consulting with their Hill Country Property agent about the price to place on their home. The agent suggests that the market data indicates that $200,000 to 210,000 would produce a quick sale by pricing it properly. The owner puts a $210,000 […]

Tom Ashworth | Jun 9, 2018

We Love Our Flag in The Texas Hill Country!

Texas Hill Country Flag Protocol In the Texas Hill Country most folks are very proud of our service men and women and of the flag of the United States of America.  The American flag is obviously a symbol of our country but it has come to remind us of every man and woman who has […]

Tom Ashworth | Jun 8, 2018