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        <title>DFW Real Estate Blog</title>
        <link>http://www.texasnewhomerebates.com/blog/2017-06/</link>
        <description>Dallas-Fort Worth New Homes, Find DFW home builder sales promotions, price reductions, and housing news.</description>
<item>
    <guid>https://www.texasnewhomerebates.com/blog/respect-your-leaseback-agreement.html</guid>
    <link>https://www.texasnewhomerebates.com/blog/respect-your-leaseback-agreement.html</link>
        <author>mike@askinsrealtygroup.com (Mike Askins)</author>
        <title>Respect Your Leaseback Agreement</title>
    <description> <![CDATA[ 
Simply speaking, a sellers temporary leaseback begins when you sell your home. Many times, buyers and sellers will agree, in their purchase contract, to allow the sellers a certain amount of days past their closing and funding date to move out. Leasebacks are a negotiated agreement between parties and once signed, becomes binding on both parties unless amended by the written consent of both parties.


What are the reasons for a lease back?




The overwhelming main reason is that sellers want to ensure their homes actually close and fund before spending thousands of dollars in expenses moving out. I have seen the horror that occurs when a seller moves out before closing only to find out their buyer could not get final loan approval, was involved in an accident, lost their job, etc.


Sellers may be building a new home and need a lease back up to a few months in length, so they dont have to move twice.




Payment for the lease typically happens at closing, but sometimes the Title Company involved will not facilitate the transfer of rent monies to the buyer, and then, in that case, the seller would need to make sure the full rent payment is made to the new buyers.


Problems Associated with Temporary Leasebacks




Payment is not tendered in a timely fashion


Sellers move out early and expect a refund for the days not used. This seems to be the No.1 misunderstanding. The reality is that in a Temporary Leaseback, the tenant owes the full rent amount - period, plus any deposits that may be required, and it does not matter if a tenant leaves early. The temporary lease back specifically states, that full payment is due at the inception of the lease to the new landlord, who is the person who just purchased your home. Typical temporary leasebacks normally average a few days but can extend for up to 60 days, which is a hard stop limit when lenders are involved, unless the home was purchased as an investment property for the purpose of being leased.


Maintaining Renters Insurance. Sellers must communicate with their home owners insurance provider to make sure they have the proper insurance in place when they transition from homeowner to a tenant.


Repairing any move-out damage. Buyers will do a walk through prior to closing to make sure their new home has not experienced any detectable damages. When it comes time to move out, if you have damaged the wall, and or an accident occurs that requires insurance intervention, make sure you contact your landlord, and insurance broker to file a claim to fully remedy damages.nbsp;


Sellers shut off utilities at closing. In a temporary leaseback, the utilities are normally paid by the tenant. Utility payment is an item of negotiation with the new buyers.


Sellers still dont move out on time and become a hold-over. When a seller/tenant becomes a hold-over, the rent per day in many instances goes from a nominal amount up to $500 per day - ouch Sellers who hold over can rack up a big rent bill fast, plus other costs for a breach of contract, for the days they stay in their home past the last day of their leaseback.




The takeaway from all of this:


Know what youre signing and always do the right thing. The greatest amount of flare-ups and misunderstandings can be nipped in the bud, simply by reading your lease agreement and when in doubt contact your Realtor for any clarification you may need.nbsp;


A real estate purchase involves a lot of money, closing costs, incidentals,nbsp;important decisions; its a time when emotions are flying, and frustrations are at their highest levels. However, if you take a deep breath, and register in your mind what your contract is directing you to do, then you will be able to handle your end of the bargain without incident.nbsp;


Our clients are never on their own. If you have questions about this type of agreement or your closing documents, just ask - were here to help.
 ]]> </description>
    <pubDate>Thu, 29 Jun 2017 14:18:00 -0500</pubDate>
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<item>
    <guid>https://www.texasnewhomerebates.com/blog/top-selling-collin-county-subdivisions-may-2017.html</guid>
    <link>https://www.texasnewhomerebates.com/blog/top-selling-collin-county-subdivisions-may-2017.html</link>
        <author>mike@askinsrealtygroup.com (Mike Askins)</author>
        <title>Top Selling Collin County Subdivisions - May 2017</title>
    <description> <![CDATA[ 
Ever wonder what the top selling Collin County subdivisions are? Here are the top performers for May 2017. You can also view the overall Collin County market stats for the same period. Were always happy to give you a complete market analysis for any Dallas-Fort Worth community. Just call (972) 529-2394


Top Performing Subdivisions in Collin County for May 2017






Are you wondering if your home is worth more this year? Try our free Property Valuation and find out.
 ]]> </description>
    <pubDate>Thu, 22 Jun 2017 16:41:02 -0500</pubDate>
</item>
<item>
    <guid>https://www.texasnewhomerebates.com/blog/collin-county-market-stats-may-2017.html</guid>
    <link>https://www.texasnewhomerebates.com/blog/collin-county-market-stats-may-2017.html</link>
        <author>mike@askinsrealtygroup.com (Mike Askins)</author>
        <title>Collin County Market Stats - May 2017</title>
    <description> <![CDATA[ 
Collin County Real Estate Up This Spring


Collin County real estatenbsp;sales came in like a lion this springnbsp;with May 2017 home salesnbsp;and prices up substantially from May 2016. If youre considering buying a home in Collin County, this will give you a quick overview of the top performing towns. If your considering selling, well, its possible real estate in your area has increased as well. Try our Property Valuation tool and find out. Were always happy to give you a comparable analysis for any Dallas-Fort Worth property.


 of Homes Sold in Collin County - May 2017 vs 2016


There were 1,639 homes sold in Collin County during May, 2017. This was an 8.40 increase from 2016 when only 1,512 homes were sold.nbsp;


Top Selling Towns: Celina: up 100, Frisco: up 16.9, Plano: up 15.9






Average Price Per Square Foot


Collin County homes sold for an average of $138/sq.ft.nbsp;in May. This was an 8.70 increase from May 2016nbsp;($127/sq.ft.)


Towns Showing the Most Increase: Celina: up 10.7,nbsp;McKinney: up 10.3, Plano: up 8.3






Average Sales Price


Collin County homes sold for an average price of $378,846 in May 2017. The same time last year, houses went for $346,297, an increase of 9.4.


Top Performing Towns: Celina: up 24.7, Plano: up 12.2, McKinney: up 9.8, Frisco: up 8.6






Are you wondering if your home is worth more this year? Try our free Property Valuation and find out.
 ]]> </description>
    <pubDate>Thu, 22 Jun 2017 16:14:00 -0500</pubDate>
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    <guid>https://www.texasnewhomerebates.com/blog/askins-realty-group-earns-d-magazines-platinum-producer-award-for-5th-consecutive-year.html</guid>
    <link>https://www.texasnewhomerebates.com/blog/askins-realty-group-earns-d-magazines-platinum-producer-award-for-5th-consecutive-year.html</link>
        <author>mike@askinsrealtygroup.com (Mike Askins)</author>
        <title>Askins Realty Group Earns D-Magazines Platinum Producer Award for 5th Consecutive Year </title>
    <description> <![CDATA[ 
Askins Realty Group is proud to announce it has officially earned D-Magazine Platinum Producer award for a 5th year in a row The 5-Peat ARG team of Robert Wiuff, Cliff Askins, Jenee and Mike Askins want to personally thank all of our valued clients, whose trust in our affordable business model, made this award possible. See all our ARG Realtor Awards.


Well keep offering an affordable consumer alternative and hope to continue to build our consumer savings brand around DFW, for all to enjoy.



 ]]> </description>
    <pubDate>Thu, 22 Jun 2017 14:32:00 -0500</pubDate>
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    <guid>https://www.texasnewhomerebates.com/blog/amazing-in-melissa-2900sf-2014-highland-1-story-media-oversized-lot-just-338k.html</guid>
    <link>https://www.texasnewhomerebates.com/blog/amazing-in-melissa-2900sf-2014-highland-1-story-media-oversized-lot-just-338k.html</link>
        <author>mike@askinsrealtygroup.com (Mike Askins)</author>
        <title>Amazing in Melissa 2900sf 2014 Highland 1 Story - Media, Oversized Lot Just $338K</title>
    <description> <![CDATA[ 
This gorgeous 2014 Highland built 1 story home is absolutely perfect for someone wanting to downsize in size and price, but not in quality, or even a young couple looking for a great value compared to spending tens of thousands of dollars more for a new home offering less features.


With the nearly 5 year US 75 Highway project near completion living in Melissa has never been easier or more convenient and just minutes from McKinney makes this affordable Collin County destination a real choice.


2108 E. Graves Street Melissa Has All of This




2916SF One Story Built by Highland Homes in 2014


Liberty Master-planned community, NO MUD Taxes and HOA only $550 per Year


On Campus Elementary School


Parks, Open Space, Huge HOA Pool Center


Interior Lot, slightly pie shaped for a wider backyard.


3.5 Baths - Yes this is not a Typo Why buy just a 3/2?


a Secondary Bedroom with its own private In-suite bathroom


A Professional 7.1 Surround Sound Media Room that is as nice as any media room in homes twice the cost


MEDIA ROOM CAN BE MADE INTO A 4TH BEDROOM WITH HUGE ADJOINING CLOSET.


a Huge oversized Master Bedroom Suite. Folks, this one is BIG


Lots of in-house Storage


Tons of Wood Floors


Oversized LOT 87 across the back. Great for adding a pool Dimensions - 60x120x87x121


Oversized Front Entry 2 Car Garage


Energy Efficient Certification by Environments for Living.


100 Copper Plumbing


Study and Power Bath up front


Utility Room with SINK




VIEW THIS MLS LISTING ONLINE WHILE IT IS STILL FOR SALE


Find out more, by Calling Realtorreg; Mike Askins at 214-727-3686. Mortgage rates are DOWN, and this is a perfect time to lock in a great home at an attractive payment and I can refer to you the best area lenders so you know your borrowing options. Your payments will be less than MUD Taxed Communities, so give us a call now ARG offers amazing customer service and special buyer incentives toonbsp;
 ]]> </description>
    <pubDate>Sat, 10 Jun 2017 11:22:00 -0500</pubDate>
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<item>
    <guid>https://www.texasnewhomerebates.com/blog/arg-owner-mike-askins-earns-darling-homes-2017-diamond-club-realtor-recognition.html</guid>
    <link>https://www.texasnewhomerebates.com/blog/arg-owner-mike-askins-earns-darling-homes-2017-diamond-club-realtor-recognition.html</link>
        <author>mike@askinsrealtygroup.com (Mike Askins)</author>
        <title>ARG Owner Mike Askins Earns Darling Homes 2017 Diamond Club Realtor Recognition</title>
    <description> <![CDATA[ 



Darling Homes is on a mission to push not only higher levels of customer satisfaction, but is developing ingenious internal policies for its sales and construction staff that empowers and considers employee input in a team effort to bring to market a superior customer service experience and better built new home product.


On June 7th, I jointed a group of 2017 Diamond Club Realtor members and am honored to be part of your companys continued success. Photo taken with Cindy Bush, Darling Homes Sales Manager for Spicewood in Craig Ranch, McKinney.


nbsp;
 ]]> </description>
    <pubDate>Fri, 09 Jun 2017 15:03:00 -0500</pubDate>
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