The Truth About the 3.8% Real Estate Sales Tax - Odessa TX

Learn the Facts I have been hearing false rumors going around about a transfer tax on all real estate sales. The claim is that the Affordabel Care Act includes a 3.8% tax on all real estate sales. Not so. Real Estate Scenarios and Examples The act does include a 3.8% tax on some investment income, it will effect the majority of home sales, especially in the Odessa & Midland TX home sales. The tax applies only to people with adjusted gross income of $200,000 ($250,000 for a joint return). Also, as a homeowners, if you sell your principal residence, you will continue to receive the exclusion of $250,000 of gain on the sale of the home ($500,000...

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Selling Your Odessa Home In Today's Market

As a full time licensed Odessa TX realtor, my marketing plan gives your home extensive advertising & enormous exposure. My knowledge in the market is essential to correctly pricing a home. Timing and price are very important when selling your home. I will help you determine your best price for your home. Not only will your home be advertised locally, but also on the industry's top siearch engines to provide your home unparalleled global exposure. By knowing what buyers are searching for allows me to focus marketing your home to the right buyers. My digital marketing innovative online tools can provide maximum exposure to your home. A customized...

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Home Improvements That Pay Off - Odessa TX

When selling you home the temptation is strong:  When interviewing agents you focus all of your attention on how much they charge and what they claim the house is going to sell for. In reality you may be getting less than you bargained for. Some real estate agents recommend you do little if anything to get your home ready for sale. This could work if you price the listing to look like a bargain. However, most buyers in today’s market are nervous and picky. They aren’t in a hurry and they want a house that’s move-in ready. An agent who is looking for a fast sale might steer you away from doing any fix-up work. It takes a lot of time and...

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Owner Finance Homes - Odessa TX

A Rare Find In Odessa TX Question from Buyer- Are there any owner financed homes in Odessa TX? Owner financed homes are a rare find in Odessa TX. Out of all homes for sale in the MLS, only about 1/2% or less offer this finance option. With this in mind your chooses are limited; so you will need to throw out the “wish list” and focus on “must have”. I am assuming that your are focusing on homes financed by the seller becauseyou have been turned down for a mortgage loan. Today’s owners who are willing to finance are expecting larger down payments ($15,000 & more), charge a higher than market interest rate and many will only finance short...

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What's A Phot Worth When Selling Your Home - Odessa TX

$1,000s... Don't leave money on the table when selling your home in Odessa TX  PROFESSIONAL QUALITY PHOTOS  Don’t want to de-value your home? Consider better photos. Listings with great photos get more online attention and command higher asking prices. And yet, only a very small percent of agents incorporate higher-end wide angle photography into their marketing. Surprisingly, even when marketing homes in the upper price range, they don’t always invest in quality photos to showcase these homes. Real estate listings that use photographs taken by the higher-end 24mm WIDE ANGLE cameras tend to do better than those that use photos from...

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Do You Need A Odessa TX Realtor?

REAL experience Sure, titles are nice but what they mean to you is more important. I may not have super powers but I can see into the future (okay, sometimes!) As an Odessa TX Realtor I am constantly looking out for your best interesest – I anticipate things before the happen. I oftain see an issue with a Odessa home for sale or financing that could cause a problem at settlement. That’s where my experience as a Texas Real Estate Broker comes in. I’ll attend to the dozens of small details now before they can turn into something big later on. You can rely on my real estate education and experience in Odessa TX Real Estate to give you the best...

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Buying A Fixer-upper in Odessa TX

Ask the Agent: Buying a Fixer Upper in Odessa TX Since my rent just went up again at my apartment and it is impossible to find a house to rent in Odessa, do you think it is a good idea to buy now?   Buying a Fixer Upper in Odessa TX You are not alone. Many people find it difficult to find a house to rent in Odessa. If you can buy a home, now is the time. Interest rates are low and home prices are stable. Here are some things to consider… Do You Qualify for a Home Loan? The first key thing is do you qualify for a home loan. Unless you have enough savings to pay cash (most people do not) than you will first want to know...

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Your Home Inspection When Buying A Home In Odessa TX

What to expect when you get a home inspection in Odessa Texas Odessa City Code & The Inspection Report The home inspector bases his report on the current building code that the city of Odessa has adopted . It is common to find a large number of items on the inspection report simply because of the home’s age. In Odessa & Midland TX the majority of homes were built in the 1950′s and 1960′s. Regardless if you are buying a home that is 60 yrs old or built last year, it is likely the home is going to have some building code deficiencies. The reason is that building code requirements changes regularly. Homes are only required to meet...

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Common Odessa Home Inspection Finds

What to Expect from Your Odessa Home Inspection When buying a home in Odessa TX, regardless if you are a first time home buyer or buying your 2nd home (or+), I highly recommend a professional home inspection. The expense is around $300 – 350 (and worth every penny). Home inspectors are trained and licensed professionals who specialize with a general knowledge of all aspects of the home and it’s operating systems. If the inspector sees an issue that needs a more expertise, they will refer you a specialist. Here Is a List of Common Items Found On a Home Inspection Interior and exterior missing brick morter rotted facia/soffit boards cracked...

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Hiring A Home Inspector In Odessa TX

Who To Hire? In Texas, all home inspectors are required to be licenced by the Texas Real Estate Commission. Don’t worry if you don’t know of any. As a buyer client, you will be provided with several as part of the Donna Edwards Team Concierge Package. What To Expect? The home inspectors job is to find things wrong with the house you are buying. Believe me he will find plenty of the common home inspection items. Every house has issues. If you want a new house, you should buy one; otherwise expect some imperfections. It is important to remember during this process that the purpose of the inspection is for your own personal knowledge of the current...

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Common Odessa Home Inspection Finds

What to Expect from Your Odessa Home Inspection When buying a home in Odessa TX, regardless if you are a first time home buyer or buying your 2nd home (or+), I highly recommend a professional home inspection. The expense is around $300 – 350 (and worth every penny). Home inspectors are trained and licensed professionals who specialize with a general knowledge of all aspects of the home and it’s operating systems. If the inspector sees an issue that needs a more expertise, they will refer you a specialist. Here Is a List of Common Items Found On a Home Inspection Interior and exterior missing brick morter rotted facia/soffit boards cracked...

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West Texas Astronomers in Odessa & Midland TX

The West Texas Astronomers is a local club / organization for Odessa, Midland and area West Texas.  I tended a monthly meeting of the West Texas Astronomers.  As usual they provided many interesting Space Update presentations.  Topics this month included short videos: Ray Bradbury NASA International Space Station Space Exploration Trip to the Surface of Mars Giant Astroids Brown Dwarfs and more The public is always welcome to visit ... monthly meetings are held the 2nd Monday of the month Museum of the Southwest - Marian Blakemore Planetarium 1705 W Missouri Avenue Midland, Texas OdessaMidlandHomes.com Donna Edwards call/txt 432-934-4439 Odessa TX Realtor Brok...

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Buying a Fixer Upper in Odessa TX

Ask the Agent: Buying a Fixer Upper in Odessa TX Since my rent just went up again at my apartment and it is impossible to find a house to rent in Odessa, do you think it is a good idea to buy now? Buying a Fixer Upper in Odessa TX You are not alone. Many people find it difficult to find a house to rent in Odessa. If you can buy a home, now is the time. Interest rates are low and home prices are stable. Here are some things to consider… Do You Qualify for a Home Loan? The first key thing is do you qualify for a home loan. Unless you have enough savings to pay cash (most people do not) than you will first want to know if you...

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