Frequently Asked Questions2019-08-08T11:48:42-04:00
Accounting / Bookkeepers / CPAs / Tax Strategists2022-02-09T15:56:34-04:00

Chartered Financial Strategies LLC Sean Monohan, CFP & Enrolled Agent 972-608-2626 (Bookkeeping & Tax Preparation)

ClearChoice Financial Group, Inc. Kendal Marshall, CEO & Founder 469-941-2648 (O) / 469-742-1076 (C) (Bookkeeping, Tax Planning, Prepartion & Financial Planning)

Williams & Kunkel, CPAs, LLP, Beth Williams, CPA & Derek Wallace, CPC, 972-446-1040 (O), (Tax Strategy)

Air Duct & Vent Cleaning Services2021-04-15T17:47:39-04:00

972-833-8005 (O)

Lavender Care Air Quality & Flooring Experts
972-441-4049 (O)

Mr. Duct Cleaner
844-444-3828 (DUCT) / 972-322-4356 (O)

Taylormade Heat & Air
Lance Taylor
469-424-3404 / 469-212-9732 (O)

Appliance Repairs2021-06-11T16:51:33-04:00

A+ Certified Appliance Service
Tyler Adkins
972-210-0599 (O) / 972-890-5014

Callahan’s Appliance Inc.


Box & Associates

Eric Biskamp
Appraiser (includes Property Square Foot measurement services)
214-235-8324 (C)

Shinpaugh Appraisal Company
Carl Shinpaugh
214-890-9916 (O) / 214-202-7626 (C)


The Willingham Law Firm, P.C.
Mark Auten
214-250-4407 (O) / 469-223-7394 (C)

Estate Planning, Business Formation, Probate, and Real Estate Law

Leu & Pierce Elder Law Attorneys
Lori Leu
972-996-2540 (O)
Seniors, Wills, Estate Planning & Administration, Long-Term Care, Benefits Planning, etc.

Ruais & Associates, PLLC
Philip Ruais
214-572-2109 (O)
Real Estate, Business Contracts, Estate Planning, Probate, Litigation, etc.

The Law Office of Cristina Levine PLLC
Cristina Levine
800-620-0900 / 469-400-6849
Estate, Estate Planning, Wills & Probate

Blinds, Shutters & Window Coverings2021-02-10T11:25:24-04:00

Blinds and Drapes for Less (Entire DFW area)
972-270-3203 (O)

Bloomin’ Blinds (North & East Dallas, Fort Worth, Denton & Keller)
972-627-4874 (O)

Kellee’s Custom Shutters (Fannin, Grayson, Hunt & Collin Counties)
Lee Ann Kemp
903-227-2997 (O)

Legacy Blinds Manufacturing (Entire DFW area)
James Park
972-820-0007 (O)

We Got Shutters
James Peters
214-636-9398 (O)

Brick Masons2020-12-17T18:47:16-04:00

J.H. Masonry
Johnny Harper

Master Masonry
Roger Landry
214-226-6007 (O)

The Fireplace Specialist
972-867-8998 (O)

Carpet Cleaners2021-06-11T16:55:35-04:00

All Star Carpet Cleaning
Sergio Perez
972-347-5884 (O) / 972-832-1082 (C)

Minuteman Carpet Services
Andrew Arnold

Pure Dynamic
Water Damage, Carpet, Tile & Air Duct Cleaning, Hardwood Floor Refinishing
Brad Addington
972-746-2717 (O) / 214-995-0308 (C)

Steam Me Up
Jim Holcomb
214-500-3667 (O)

United Cleaning & Emergency Restoration Systems, Inc.
817-268-6531 (O) / 817-808-1427 (C)


Chiropractor North Dallas Spine Center
Dr. Oscar Presas, NUCCA Chiropractor
972-781-0010 (O)
No popping or cracking. Just an adjustment of your upper cervical.

Credit Repair2022-06-15T10:29:57-04:00

Back Office Credit Solutions
Kissena Sheets
Credit Consultant
800-656-0084 ext. 101 (O)
972-677-3460 (C) 

Go Deluxe Financial
Karena Simon, President

Omega Credit Repair
David Dishman
Credit Specialist

Texas Custom Credit Repair
Harley David Walters


Echeverria Brothers
Julio Echeverria, Master Electrician
972 -265-9861 (O)

Larry Mason
(Services – Residential & Commercial: Carpentry, electrical, plumbing, hanging drapery, ceiling fans, painting, pickup & delivery, and more)
(972) 793-3433

Estate Plan/Trust2022-02-16T12:45:18-04:00

Caring Transitions
Donna Rea
Senior Relocation, Downsizing, Estate Sales
214-504-1650 (O)

Book Law Firm
Lorne Book
Attorney and Counselor at Law
214-305-6974 (O)


Cedar Creek Fences
Dave Phillips
214-218-2800 (O)

Exterior Wood Savers

Johnson Fence Company
Bill Johnson
469-877-9415 (O)

RIF Fence Stain & Restoration,
Jim Waida
214-205-6481 (O)

Texas Best Fence & Patio
972-210-2460 (O)

Financial Advisors/Planners2019-02-04T17:33:04-04:00

Edward Jones
Craig Mills, Financial Advisor
972-733-1037 (O)

Holcomb Wealth Management
Kimberley Holcomb, CFA
972-980-0284 (O)

Omega 2 Wealth Management
Karin McIntosh
817-500-o556 (O)

The Protected Legacy Group
Jim Stephenson


Carpet Outlets of Texas (Services whole DFW)
972-279-4800 (O)

CSC Floors
Amber Suggs, Territory Manager
(Offers financing & pay at closing)
214-368-0082 (O) / 214-334-9328 (C)

D&R Floors & Home Solutions, Inc.
David Durham
(Offers financing & pay at closing)
972-625-4100 (O)

Floors To Go Texas (Services whole DFW)
817-710-7030 (O)

Juan Aguilar (Bathroom, Kitchen & Flooring Remodels)

Style Floors (Flooring & Remodeling)
(Offers 50% down payment & 50% once job is completed)

Foundation and French Drain Companies2020-01-08T14:00:49-04:00

Arch Foundation Repair
214-467-9700 (O)

Bedrock Foundation Repair, LLC
214-824-1211 (O)

Integrity Foundation Repair
Jeff Marshall
817-561-6500 (O) / 817-269-2171 (C)

MBR Guaranteed Foundation Repair
Phillip Duffin
817-469-1090 (O) / 817-891-6426 (C)

Perma Pier
972-833-0926 (Dallas) / 817-497-8164 (Fort Worth)

Structured Foundation Repairs
972-349-4430 (O)


Interior Insights LLC
Debra Coffey

Inspired 2 Create
Tracie Byrd
404-694-4422 (C)

Garage Doors2020-07-29T11:22:06-04:00

McKinney/Frisco Overhead Doors
972-837-1080 (O)

Nation Overhead Door & Gate
972-590-8895 (O)

Overhead Garage Door
972-954-2546 (O)

Glass & Metal2021-01-12T18:16:34-04:00

Armor Glazing, Dario Garcia, 214-837-0392,

Granite Installers2020-03-09T13:13:34-04:00

Granite Stone Cutters
214-502-8029 (O)

Infinity Granite & Marble
Rene De Santiago
214-416-1308 (C)


Dallas Gutter and Repair
Eric Wales

No Leak Rain Gutters
972-727-8838 (O)


Handyman Services DFW
(Fate & Rockwall, TX)
Barry Locke
214-537-6461 (C)

Design Remodel Pros (Handyman Services)
Brian & Sara Belmonte
(972) 407-0754 (O)

Handy Hallett
Robert Hallett

Larry Mason
Services – Residential & Commercial: Carpentry, electrical, plumbing, hanging drapery, ceiling fans, painting, pickup & delivery and more)
(972) 793-3433

MHM Handyman Services
Hector Galvan

RZG Remodeling
Roberto Aviles
972-345-0667 (C) / 972-975-2452 (O)

Heating & Cooling (HVAC)2021-01-12T18:05:15-04:00

Air Repair (Air Conditioning & Heating)
Chris Furbacher

Big Bear A/C and Heating
972-998-9990 (O)

972-679-4072 (O)

Master Tech Service Corp
817-251-4455 (O)

Matco HVAC
972-292-1880 (O)

Mr. Duct Cleaner
972-322-4356 (O)

Taylormade Heat and Air, LLC
Lance Taylor
469-424-3404 / 469-212-9732 (O)

Home Warranty / Residential Service Contracts2021-06-07T13:23:35-04:00

When selecting a plan be sure to include upgrades for A/C, Heater, and garage doors to ensure the likelihood of coverage if failure occurs. DO NOT ORDER, just call to determine which company and plan you want. Contact your agent to place the order.

2-10 Home Warranty (Residential)

American Home Shield

Broward Factory Service (Residential & Commercial)

Fidelity National Home Warranty

First American Residential Service

HomeServe Home Warranty (Residential)

Old Republic Home Protection Plan

Super Home Warranty


343 Home Inspections (Residential)
214-800-2001, Inspectors (4)

360 Inspections – Commercial & Residential (Mech. & WDI)
Inspector, Lance Dubahoe

A-Action Inspections – Commercial & Residential (Mech. & WDI)

Best Inspections – Commercial & Residential (Mechanical & WDI)
903-463-2220 (O)

Kissee Inspections – Commercial & Residential

Pillar to Post Home Inspections (Residential)
Ken Duggan, 214-399-5862 (O) / 214-986-6045 (C)

Providence Property Inspections (Residential)

Road Runner Inspection Services (Residential)
Inspector, Allan Bankston

The Art of House (Residential)
Richard Whitsitt

The Home Inspectors (Residential)
972-235-0800 (O)

Insurance (Hazard/Home/Auto)2021-01-12T18:05:16-04:00

Chris Zeigler
469-535-2500 (O) / 214-870-4269 (C)

Dexter & Company (Luxury Home Insurance and Riders)
Gail Rolseth
469-951-0258 (C) 

Dean Insurance Group
Steve Davidson, Agent-Insurance Broker
214-227-9377 ext. 3 (O)

Goosehead Insurance
Adam Fleumer
214-838-5415 (O) / 913-683-9760 (C)

Innovating Business with Enterprise Solutions
Mashondi Payne
469-200-0250 (C)

PLI Brokerage, Inc. (Luxury Home Insurance & Riders)
The Chubb Group of Insurance

State Farm
Vince Adams
1-855-733-7333 (O), 817-377-3401 (C)

Stonebridge Insurance Group (Insurance Broker)
Mark Lowey
214-558-2727 (C)

Interior Designer2021-02-25T17:16:35-04:00

Interior Insights LLC
Debra Coffey

Inspired 2 Create
Tracie Byrd
404-694-4422 (C)


All Texas Services (Collin/Denton County)
Alberto Hernandez
972-505-8698 (C)

Clays Clippers, Inc. (Landscape & Poolscape Design)
Christal Davis, 214-878-3212 (O)

College Fund Landscaping
972-985-0279 (O)

Lawn Care, Pest Control & Sprinkler Repair

Chorbie (Collin/Denton/Dallas County)
972-697-5221 (O)

Green Hills Design, Greg Farris

Green Meadows Landscaping
Kronda Thimesch
972-670-0331 (O)

Lewis Hernandez (Primarily Trees)
214-309-8681 (O)

Medrano Landscaping (Landscaping & Sprinkler Repair)
Jose Medrano

Quality Lawn & Landscaping (Collin/Denton)
Acosta Antonio
214-404-1956 (C) / 972-814-5576 (O)

Sundrop Gardens
Manuel Hassenteufel
214-269-9806 (O)


MrReKey Locksmith,
Dustin Tabbert
972-282-9696 (O)
(Unique code: 121907, Client receives $10 discount if code used)

Maid Service2021-10-14T18:18:28-04:00

Olga Camarena Maid Service (Allen, Frisco, Little Elm, McKinney, Plano, Prosper)

Realty Cleaning Services
Make Ready / Move-in & Move-out

Tomasa Cortes

We Shine Through Detailed Cleaning Service
Candis Smith
972-616-3878 (Collin & Denton County)


A-1 Freeman Moving Group
Local, Domestic & International Moving Company

Mark Waller

Fantastic Moves


Rhino Moving Pros

Ward North American Van Lines
Kris Ankenbauer
866-229-8708 (O) / 469-323-8111 (C)

Wrightway Moving Co.
Eric Wright, 972-861-2980 (O) / 214-808-6683 (C)

Nanny / Au Pair2021-01-12T18:05:18-04:00

Nannies On The Go
817-442-0225 (Southlake)
817-442-0200 (Dallas)

Odor Eliminator2021-01-28T15:20:56-04:00

Ongo Solutions (Odor Removal)
Ofer Kadeem
817-939-9969 / 817-440-6175

Site One Landscape Supply
Odor Control


Abanico Painting
Javier Rodriguez

Alan’s Painting Service (Interior & Exterior – DFW Area)
Alan Covarrubias
469-535-1840 (O)

Jabes (Interior/Exterior Woodwork & Painting)
Roberto Ventura

Ramsay & Alan’s Painting
Jose Juarez
Paint, Stain, Drywall & Sheetrock (exterior, interior, doors, cabinets and shutters)
DFW area (free estimates)

Steve Tickner Residential Painting Specialist

Pest Control & Termite Service2021-01-12T18:05:19-04:00

Bug Commander Pest Control (North Texas)
Jennifer Blythe
214-705-1222 (O)

Eco Star Pest Control (DFW Metroplex)
Peter Updike
972-999-3806 (C) / 214-774-4777 (O)

Frisco & The Colony Pest Control (North of DFW Metroplex)
James Brooks
972-377-2473 (O)

Shapp’s Pest Control (All of DFW)
David Shapp
214-467-0015 (O)

Pet Services (Movers, Sitting, Veterinarians)2021-01-12T18:05:20-04:00

Camp Bow Wow
469-331-6223 (Main)

World Pet Travel
Angela Passman
214-396-5070 (USA) / 506-4000-1689 (Costa Rica)


Concord Plumbing Co.
John Dickerson (Irving, McKinney, Plano, Richardson)

Do It All Plumbing
Norman Bundrant, Master Plumber (Collin/Denton County)
469 -487-9209

Larry Mason
(Services – Residential & Commercial: Carpentry, electrical, plumbing, hanging drapery, ceiling fans, painting, pickup & delivery, and more)
(972) 793-3433

Lex’s Plumbing, Far North Dallas (Collin & Denton county areas)
469-423-0560 (O)

Service Squad Plumbing
Cameron (Fort Worth & surrounding areas)
817-952-9278 / 817-859-7975

Texas Green Plumbing
Roger Wakefield (entire Dallas DFW County)
972-945-7378 / 214-907-2928

Pool Companies (Construction, Cleaning, Inspections, Repair & Maintenance)2021-02-02T12:21:20-04:00

Hauk Custom Pools
972-382-1919 (O)

Hobert Pools
972-690-8118 (Murphy) / 972-772-3358 (Rockwall)
Services Murphy & Rockwall and within 70-mile radius of DFW

Randy Smith
(Service areas: McKinney, Prosper, Frisco, Princeton, Allen, Fairview, Plano)

Pool Fence Companies2021-01-12T18:05:20-04:00

Baby Guard Fence
Michael Gandy
682-551-5591 (O)

Julie Davidson
972-989-4583 (O)

Life Saver Pool Fence
817-689-9090 (O)

Pool Guard
Leslie Sharp (Founder & CEO)

Greg Dorman
214-676-3132 (O),

Red River Fence
214-505-5054 (O)

Power Washing2021-01-28T14:52:23-04:00

Alan’s Painting Service (Pressure wash & faux finish – DFW Area)
Alan Covarrubias
469-535-1840 (O)

APW Power Washing
Gary Anderson
972-523-2793 (C)

Blue Star Power Washing
214-631-9530 (C)

Certified Industries LLC (Power Washing & Handyman)
Barry Locke
214-537-6461 (C)

Silverback Pressure Washing
Tim Gonzales

Remodeling Contractors2021-06-11T17:57:33-04:00

Alex Guthrie Construction

Burns Construction & Remodel
Mark Burns

CAAM Kitchen & Bathroom
214-251-6802 (O)

Champion Home Services
Rick Middaugh

Design Remodel Pros
Brian & Sara Belmonte

FS Renovations
Servicing entire DFW area, Ashley Coatney as a reference for a great price

DFW Remodel
Vino Paudel, Builder & Remodeler

Remodeling by Danny
866-256-0577 (O) / 214-663-4611 (C)

RZG Remodeling, Roberto Aviles
972-345-0667 (C) / 972-975-2452 (O)

Serving You F1rst Contracting
Kevin Seaman

Star Home Remodeling
John or Stefano
972-954-2476 (O)

V Luxury Homes, LLC
Jake Murillo
972-662-8804 (O) / 214-533-6444 (C)

Xtreme Roofing & Remodeling
Sara Muhic
214-469-7641 (O)


3 Kings Roofing
Jason Cummings

Authority Roofing
Catherine Brenneman, Certified Master Elite Roofer
972-317-7663 (O)
214-697-2464 (O)

EcoTech Roofing
Robert Burnley
972-922-3606 (O)

First Out Roofing
Nick Frederickson
214-289-6776 (C)

Mark Snow (Former Claims Adjustor)
806-433-0125 (C)

JH Roofing & Construction
Jesse Hwong
972-235-2525 (O)
469-878-2315 (C)

Swan Roofing, LLC
972-596-8313 (O)

Texas Best Construction
Richard Stallings

Veterans Roofing
Bradley Lewis, 214-499-2179

Water-Tite Roofing (South Dallas & Tarrant County)
Jeff Marshall

Security Alarms2020-01-22T19:10:23-04:00

ADT Security
Holger Moncayo

DFW Security

Safe Haven Security

Smith-Thompson Security


American Lawn Sprinklers

Medrano Landscaping (Landscaping & Sprinkler Repair)
Jose Medrano

Texas Lawn Sprinklers
469-667-6699 (O)

Stained Glass Window Repair2020-03-09T14:35:40-04:00

Stained Glass Unlimited


Inspired 2 Create (Home Stage/Interior Designer)
Tracie Byrd
404-694-4422 (C)

Lynn Wilson Interiors
Lynn Wilson, Stager

Staged Just In Time
Denise Smith, Certified Staging Professional

Structural Engineers2018-12-20T13:38:44-04:00

Crannell Engineering



CBG Surveying Inc.

Innovative Surveying

Jimmy Pogue Land Surveyors

Roome Land Surveying
Chad Sledge

Texas Heritage Surveying, LLC


Collin County Cab
(24-hour taxi service for airport, in-town runs, doctor’s visits, etc.), servicing Frisco, Plano, Allen, McKinney and the surrounding areas

Tree Trimmers2019-02-19T15:48:41-04:00

Becerra Lawn Maintenance

Wright Way Tree Service

Utility Companies2021-01-19T19:48:41-04:00


Ambit Energy

CoServ Electric

Grayson-Collin Electric Coop

Stream Energy

TXU Electric

Other Providers (Select “Compare Retail Offers”)


Atmos Energy

CoServ Gas

Grayson-Collin Electric Coop

Water and Trash (If your city is not listed, call the city in which you will be residing for information)

City of Allen

City of Arlington

City of Carrollton

City of Dallas

City of DeSoto

City of Frisco

City of Flower Mound

City of Fort Worth

City of Irving

City of Heartland

City of Lancaster

City of Little Elm

City of Mansfield

City of McKinney

City of Plano

City of Richardson

City of The Colony




DISH Network

Time Warner (Spectrum)


Utility Concierge – Buyer & Seller Connection Services2020-02-25T14:39:11-04:00


We locate & connect all your home services that best fit your needs and budget. Once we have your perfect home under contract I’ll help you set up all your home utilities and services using my concierge service called Movinghub™. Not only will they help locate all your service providers, but they will make sure you are getting the best deal possible!

Check out more information at the link below

Phone: (509) 408-1787

Water Restoration/Mold Remediation2021-01-12T17:57:14-04:00

Brett Young
972-335-9900 / 512-791-3959

Puro Clean Water Restoration
Jim Bauer
214-463-2252 / 469-656-7000

Rainy Day Services

United Cleaning & Emergency Restoration Systems, Inc.
817-268-6531 (O) / 817-808-1427 (C)

Window Cleaning2021-01-18T18:09:27-04:00

All Texas Services (Lawncare & Window Cleaning) (Collin/Denton)
Alberto Hernandez
972-505-8698 (C)

Clear Reflections (Window Cleaning)
951-970-7282 (O)

Lone Star Spit & Shine Windows
Sheldon Coone
972-342-9274 (O)

Squeaky Clean Windows
Chuck Davis
817-938-7654 (O)

Window Repair or Replacement2021-10-15T13:50:18-04:00

BullDozier Window Service (Repair & Replacement)
972-238-9309 (O)

Kings Window Services
817-908-1060 (O)

Precision Windows
972-562-8828 (O)

Squeaky Clean Windows
Chuck Davis
817-938-7654 (O)

Texas Windows

Lender Questions2018-12-20T13:40:07-04:00

When contacting lenders, inquire and compare the following:

  1. What is loan process?
    • Can application be taken over the telephone, via a website, or in  person?
  2. Financing Options available?
    • Do you need to put any money down to purchase the  house?
    • What are the financing programs, Terms and Interest Caps?
      • FHA, Conventional, VA, USDA,
      • 30 year fixed, 15 year fixed, etc.
      • ARMs (Adjustable Rate Mortgages), Interest Only, Construction Loans, etc.
  1. Interest Rates for different financing options?
    • Is there a loan origination fee? If so, how much?
    • Are there any points being charged for the rate quoted?
      • What exactly is a point?
    • Can you lock the interest rate? If so, is there a rate lock  fee?
      • If interest rate changes, can you get the lower rate?
      • How long can you lock a rate?
    • What is the APR (annual percentage rate) –
      • This is very important when comparing lenders. It is designed to represent the true cost of the loan to the borrower, expressed in the form of a yearly The purpose is to prevent lenders from hiding fees and upfront costs behind low advertised interest rates. The APR will give you an idea of the overall difference in fees charged by the lender to close your loan.
    • Will property taxes and hazard insurance be escrowed?
      • Is there a fee if you don’t want to use an escrow  account?
    • What is the estimated time to close loan?
    • Can they email you a “Good Faith Estimate” or “Closing Costs  Worksheet”?
      • Good Faith Estimate is an estimate of the charges which you are likely to incur at the closing/settlement of your
    • When can you anticipate your first mortgage payment and for how much? How much money will you need to bring to closing/settlement?

Once you’ve gathered your information, if you’d like for me to assist you in comparing lenders, let me know.

What is a Homestead Exemption and How to Request it?2018-12-20T13:40:07-04:00


  • You have an ownership interest in the property and use the property as your personal residence; however, you are required to state that you do not claim an exemption on another residence homestead in or outside of Texas.
  • You must own and reside in the home on January 1 of the tax year.
  • You must provide a Texas driver’s license or state identification card and the homeowner’s vehicle registration receipt. The address on the identification and the vehicle registration receipt MUST match the address for which the homestead exemption is requested.
  • If the owner does not own a vehicle they can send a current utility bill showing name and address along with an affidavit indicating non-ownership of a vehicle. The bill MUST match the address for which the homestead exemption is requested.
  • IT’S FREE! DON’T PAY TO FILE A TEXAS HOMESTEAD EXEMPTION! Scammers send official-looking stationary to suggest that a fee (usually $50 or more) must be paid for a homeowner to get an exemption. These claims are false and deceptive.

Property owners should read applicable statutes carefully. Below are the relevant websites and/or homestead applications.

Dallas County –

Collin County –

Denton County –

Tarrant County –

What are my Fiduciary Duties as your Realtor®?2018-12-20T13:40:07-04:00

When you hire me as your Realtor®, my Fiduciary Duties to you are:

  • Obedience
  • Loyalty
  • Disclosure
  • Confidentiality
  • Accounting
  • Reasonable Care & Diligence
What should I expect when viewing properties with my Realtor?2018-12-20T13:40:07-04:00

When viewing properties, please keep in mind that although this may be a very emotional time,

  • Do… view the process as a business decision.
  • Bring checkbook for Earnest Money and Option Money
  • Allot time to submit offer
  • Do… rate each property on a scale of 1 to 10 with 10 being the perfect home. Please note that typically, perfect homes are hard to find so, any home that rates an 8 or 9 should be strongly considered as a home to submit and offer on.

As you rate each property, consider:

  • The neighborhood
  • The property curbside appeal
  • First impression when you enter the home
  • Property finish out
  • Repairs needed, if any
  • Size of home relative to your needs

After viewing a property, please rank properties by 1st, 2nd, 3rd or 4th purchase choice. Any property that slips to 5th or higher should be discarded.

No Money Down…Does Not Mean NO MONEY NEEDED2018-12-20T13:40:07-04:00

When a lender tells you that you may be able to get into a home for no money down, they do not mean you will not need any money to purchase/close on a property. Oftentimes buyers confuse “No Money Down” with the thought that they will not need any money. This is far from the truth. Typically, to purchase a home, the buyer will need funds for earnest money, termination option and/or inspections.

With this in mind, when a lender says “No Money Down”, they typically mean you may be eligible for 100% financing using one of many lender programs that may be available.

What Constitutes Closing Costs?2018-12-20T13:40:07-04:00

Closing costs are expenses that cover fees associated with the transfer of property ownership, fees paid to state and local governments, and the costs of obtaining a mortgage loan. Some of these fees are negotiable, and could be paid by either the buyer or the seller. Some costs are one-time fees (non-recurring closing costs, such as title search, termite inspection, appraisal, etc.); while other fees such as homeowner’s insurance or property taxes are things you will expect to continue to pay on a regular basis as a homeowner. As part of the loan selection process, your mortgage consultant should give you an idea of how much money you should have in reserve to cover your end of these costs. The Real Estate Settlement Procedures Act (RESPA) requires the lender to provide you with a Good Faith Estimate within three days of the submission of your loan application. RESPA also states that as a home buyer, you have the legal right to request a copy of the HUD-1 Settlement Statement 24 hours before your closing is scheduled. The HUD-1 clearly defines all closing costs, including those that are to be paid by the buyer and the seller. It’s a good idea to have both of these forms before your closing so you can compare the estimated costs to the actual costs before you finalize your transaction.

Items & Funds Needed to Submit an Offer in Texas:2018-12-20T13:40:07-04:00
  1.  Loan Pre-Approval Letter or Letter of Funds Availability from Loan Officer / CPA / Financial Advisor / Bank.
  2.  Earnest Money
  3.  Termination Option Fee (for existing homes)
  4.  Inspection Fees
    Mechanical Inspection
    WDI (Wood Destroying Insect) Inspection
  5.  Down Payment
    Minimums: FHA– 3.5%; Conv – 5 to 10% of Sales Price
  6.  Closing Costs (loan origination, title insurance, prepaids -taxes/insurance)
    Ranges from 3-6% depending on price of property. Consult lender for more accurate amount.
How Do Real Estate Agents Get Paid?2018-12-20T13:40:07-04:00

Most real estate agents work for a broker as independent contractors and are 100% commission based. Typically, the commissions are paid at closing by the seller (i.e., owner, builder, bank, etc.) to the broker then distributed to the agent based on either a percentage commission split with the broker or full commission less a transaction fee. This is true even if the agent you are working with has signed a buyer representation agreement with you. However, a real estate transaction can be negotiated any number of ways, and that includes the possibility that the buyer could end up paying some or all of the sales commission.

Since most real estate agents work solely on commission and have expenses and financial obligations just like you, your loyalty is much appreciated. Most agents will respond with a sincere commitment to servicing your needs.

Note: Typical, Seller Closing Costs: $150,000 Property; 6% commission paid on  Sales Price = $9,000 plus title policy, property taxes year-to-date, legal fees and processing fees. These additional fees on average are 2.5 -3% of Sales price or $4500. So, Seller’s Estimated Closing Costs are $13,500. Keep this in mind, when considering the notion of having the Seller additionally pay your closing costs.

What is Intermediary?2018-12-20T13:40:07-04:00

Broker represents the seller & the buyer and provides only factual information and no advice to either party; shall treat both parties honestly; shall not disclose if seller will take a lower price or if buyer will pay more than submitted offer; and may not disclose confidential information.

What is a Seller/Owner’s Agent?2018-12-20T13:40:07-04:00

Broker represents the owner and must place the interest of the owner first; buyer should not tell owner’s agent anything they do not want the owner to know because owner’s agent must disclose any material information known to owner.

What is a Buyer’s Agent?2018-12-20T13:40:07-04:00

Broker represents the buyer and must place the interest of the buyer first; owner should not tell buyer’s agent anything they do not want the buyer to know because buyer’s agent must disclose any material information known to buyer.

*When you call our vendors, please mention that you were referred by Gillian Cunningham Realty Group. Thank you!

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