The Sky Is Not Falling. Mark Sprague’s Texas Market Update
The unemployment rate has hit a new low — 3.7 percent — that was last seen in December of 1969. Of course, things were a little different in the late 1960s. Back then you could support a family on one income and still own a house and a car. These days? Not so much. In […]
Read More >>Is the Texas Market Still Booming? Mark Sprague’s Texas Market Update
The Texas metros housing markets have certainly been booming over the last several years. But as I’ve said before, the concern is when is the slowdown? Is it imminent, in a couple of years, when? Home sales across the U.S. have seen a slight drop for the fourth straight month in July of this year. This is […]
Read More >>The Billion-Dollar Industry Threatening Real Estate Transactions – How to Protect Yourself
by Cassandra Majors Pop Quiz: What industry grew by almost a billion dollars from 2016 to 2017? Hints: You wouldn’t want to invest in it, there are no publicly traded companies participating in it, but it’s still one of the fasting growing industries in the world. Give up? The answer may surprise you: it’s wire […]
Read More >>Lumber Prices are Rising! Mark Sprague’s Texas Market Update
By Mark Sprague, Independence Title State Director of Information Capital The House / Apartment You Look at Today Will Be Gone Tomorrow! And it will certainly be more expensive. Not only is there not enough resale inventory, rates are increasing and the cost of building is up dramatically. Lumber prices have risen by roughly 22% […]
Read More >>Carbon Monoxide Detectors: Now a City of Austin Requirement
By Cassandra Majors After I smoked my last cigarette five years ago, I quickly mutated into a twitchy, manic, raging lunatic for the next two weeks. I came up with 100 creative ways to murder most of the people who crossed my path during that time, mostly for minor infractions like taking too long at […]
Read More >>Does Your Social Media Need A TREC Check Up?
Is it us or do the TREC requirements for posting the IABS and Consumer Protection Notice on social media seem a little confusing? “So what exactly DOES TREC want from me? Am I compliant?” These are questions we are asked often. We all know TREC is asking that the Information About Brokerage Service and Consumer […]
Read More >>The MUD Mystery
There’s one sentence in one section of the contract that always ruffles everyone’s feathers whenever we teach our class Navigating the 1-to-4 Family Contract. The last sentence of section 6 E(3) Statutory Tax District states that the seller must deliver the buyer a statutory tax district notice, i.e. a MUD or WCID notice. This is […]
Read More >>It’s a Weird, Weird World of Real Estate Out There
Texas real estate can be pretty weird. In the rest of the country, for example, the idea of paying a seller a small fee in exchange for giving the potential buyers a window of time in which they can just change their fickle minds and walk away scot-free (the “option period”) sounds insane. Personally, I […]
Read More >>You’re Killing Me, Sales!
By Cassandra Majors Whether or not you were the right age to see the cult classic coming-of-age movie The Sandlot, you’ve probably had this iconic line thrown at you whenever an 80s or 90s kid is annoyed with you: “You’re killing me, Smalls!” The most important plot-driver in the film is a lack of baseballs. […]
Read More >>Mommy, Where Do Buyers Come From?
By Cassandra Majors, Independence Title Well, honey, you see…when two people love each other very, very much, sometimes the Home-Buying Stork brings them their very own bundle of joy…along with a huge chunk out of their savings, a Russian novel’s worth of legal disclosures, and 30 years of debt. But how does the stork find […]
Read More >>Closing Costs….Who’s Responsible?
Every agent knows the excitement of clients purchasing a new home or clients finally selling their house. Then your clients ask you “What am I responsible for paying for at my closing?” It can be difficult to explain everything that goes into closing costs so we created a new marketing piece called “Closing Costs…Who’s Responsible?” […]
Read More >>Beware! Wire Fraud is at an All Time High.
You’ve done it! You took a Buyer from shopping for a house, to a contract on a house, to the closing table and you couldn’t be more ecstatic for them. Then… in total shock you find out your Buyers have wired thousands of dollars to a thief! You discover the “I could never be a victim to wire fraud, it’d never happen to me” […]
Read More >>Should you have coffee with your lender?
CFPB & TRID regulations are now upon us! As of October 3rd any loan applications submitted will fall under TRID (TILA RESPA Integrated Disclosures) regulations. If you have a lender that you refer business to Independence Title Co encourages you to have coffee or lunch with them to find out how your lender will be […]
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