Latest Event Updates

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60 days to close and qualify for your First Time Homebuyer Credit!

Ok, this is my second attempt at loading a video on YouTube.
Anyway, if you need a house that you don’t mind doing a little work on, this is it. Call today 325-725-9854

http://www.AbileneAreaHomes.com

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How to buy your first home! Contact us today to buy this home and find out!

OK, this is my first upload to YouTube. The pics are a little pixelated so I’ll have to work on that. Anyway, we’re plunging headfirst into more social media. Hope I can figure out more on this journey!

Using Google Maps

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OK, this might be self-defeating but it is just so cool, I had to share it. 

Naturally, I would prefer that you use my website www.AbileneAreaHomes.com to find homes for sale in the Abilene area but if you call me when you find one that you want to see, I will forgive you!  🙂  There is also a link here on this blog so you can search our MLS.

 

Now for Google Maps. 

1.  Go to this link http://maps.google.com/ 

2. Put the city and state in the search line…in our case Abilene TX.

3.  To the right of the Search Maps button, there is a link called “Show Search Options”  ….click on that link.

4. A pull down list will appear where you will click “Real Estate”

5.  Click the Search Maps button now.

6.  Give it a minute and you will see a list of properties to the left and a map on the right.

7.  Just above the list of homes, you will find other criteria by which you can narrow the search such as price, beds, baths, etc.

8.  If you hover your cursor above the little markers on the map, you will see Price, Beds, and Bath but if you click on the marker you get more information and if a picture is available, you get that too!

9. If you are searching in an area where “street view” is available (and it is in Abilene), you can take a “stroll” down the street and check out the neighborhood without leaving the comfort of your home! 

Pretty cool, huh?

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Please do call or email if you would like more info on any property or if you would like to schedule an appointment to view properties.

Help our local Rescue The Animals win a $20,000 grant!

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Help our local Rescue The Animals win a $20,000 grant!

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Go to this website:  The Animal Rescue Site

You can vote once a day from April 13 through July 26,2009.

Tell your friends!

Vote today and everyday!

Guest Blog: Water Heater Tank Maintenance

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  Water Heater Tank Maintenance

“flush it to extend its life “

 In many communities the local water supply is rich or high in mineral content and home owners in the know practice this tip to prolong the life of their water heater!

Simply hook up a garden hose at the bottom drain valve of the tank. Run the hose to either a bathroom tub or if the tank is situated in the garage then down the driveway. Shut off the inflow valve and then open the drain valve. You can see months or even years of accumulated sediment being flushed out of the tank and that simple procedure may keep the coils from burning out due to arcing which may occur in a tank that has not received this simple procedure.

Many times flushing proves to be advantageous when construction is disrupting the local water lines or especially when a home has been vacant for 4 or 5 weeks (allowing sediment to settle in the tank). With so many HUD properties and investor transactions occurring please don’t overlook this timely and beneficial procedure. Houses that may not have had the “loving and caring attention” of an owner occupied home frequently fall into this category.

Remember, the ideal time to “flush” the hot water tank is during the first 30 days of a listing period and definitely have it done prior to the end of the options period if the property is under contract.

Remember those sayings “timing is of the essence” and “sooner is always better than later”.

Thomas K. Healey

Senior Account Executive

Old Republic Home Protection

800-282-7131 ext.1384

Who Can Buy a HUD Home?

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Information presented here is subject to change by HUD *

Any qualified purchaser can offer to buy a HUD home, regardless of race, color, religion, sex, national origin, handicap, or familial status. 

Before making an offer, prospective buyers must have a letter, written on the stationery of a mortgage lender, stating that they have been approved for the loan amount needed.  This means that the Credit Report has been performed, reviewed, and approved by the lender.  The letter must state that on the basis of this review, the mortgage financing for a specified dollar amount sufficient to purchase the property should be available to the buyer.  Buyers paying cash must provide proof of available funds. 

All HUD Owned properties are sold “as is.”  HUD does not make any repairs.  There are no representations or warranties, express or implied, on the houses.  HUD does not guarantee the condition of any house, listed FHA-insurable or not, or whether it meets local codes or zoning requirements.

HUD Owned homes are sold by electronic bid.  Bids are submitted on the behalf of buyers by real estate agents who have a valid NAID number.  Bidding preference is given to Owner-Occupants.

Earnest money required is either $500 or $1000 depending on the price of the home.  For a vacant lot, the deposit is equal to 1/2 the price of the lot. 

Property descriptions may carry a disclaimer similar to this:

HUD PROPERTIES ARE SOLD AS IS WITH ALL FAULTS. BUYER TO VERIFY ALL LISTING INFO INCLUDING SIZES,SCHOOLS,HOA,ETC. CONTACT VELDA FOR BIDDING PROCEDURES,AVAILABILITY,CONTRACTS, & ADDENDA.

TO BID ON A HUD PROPERTY YOU MUST HAVE A LETTER FROM YOUR LENDER SHOWING THAT YOU ARE PRE-QUALIFIED OR PRE-APPROVED FOR A HOME LOAN.

OR

PROVIDE A LETTER FROM YOUR BANK SHOWING THAT YOU HAVE THE AVAILABLE FUNDS IN YOUR ACCOUNT.

YOU WILL ALSO NEED A CASHIER’S CHECK FOR THE EARNEST MONEY.

Southwest Alliance posts HUD properties on their website www.BidSelect.com or www.SouthwestAlliance.com.  You can search by state, county, city, or other information. 

New listings are posted on Tuesdays and Fridays.  Price reductions are posted on Sundays and Wednesdays. You can also set up an automatic search to be emailed to you when there is a change.  If you have questions, please don’t hesitate to contact us:   325-725-9854 OR EMAIL talk2velda@yahoo.com.

 

*Info provided by Southwest Alliance

Why you should get Title Insurance when you buy a home

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Title insurance is not required if you are paying cash for a property; however,  a few hundred dollars now might save you thousands of dollars, not to mention the headaches, later on.  Title insurance protects you from any losses sustained from defects in the title.  If you are getting a loan to purchase the home, the mortgage company will most likely require it.  Title insurance protects the holder from any losses sustained from defects in the title.  What else should you know about title insurance?

Title insurance protects your ownership rights, not only from fraudulent claims but also from mistakes whether during your purchase or previous transactions.  It might be as something that seems simple such as a name being misspelled or an inaccurate description of the property.

There are two types of policies… one for the lender which protects the lender and one for the owner which protects you.  I’ve been selling real estate since 1998 and I’ve never seen a lender NOT require the lender and the owner policy.  Even if you are paying cash, you should get the owner coverage.

The cost, at least here in Texas, is a one-time cost based on the sales price of the property.  It doesn’t matter which title company issues it as far as cost goes but you do want to insure that the work is done by a reputable company.  If you don’t know of one, ask your real estate agent.

Typically a seller will pay for the title policy; however, it is a negotiable item on the Texas promulgated forms.  The Texas offer to purchase document has a check-off box for buyer or seller to pay.  The name of the company that will perform the title search and issue the policy is indicated as well.  If you are purchasing a REO or bank-owned property,  the REO company or bank will specify a particular company to complete the title work and provide the policy.  HUD-owned properties are assigned to specific companies for closing who also handle the title work on it.  In both cases,  you do have an opportunity to request a different title company.  For more information, you should speak with your real estate agent.

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