Grant Trevithick Real Estate Pro Tips

  Grant Trevithick Carrollton Real Estate Investor with another Pro Tip on Why you need Title Insurance. I want to give you some best practices, as well as help you to avoid any potential fraud that might occur while going through the title process. Here are some best practices for buyers as they prepare to bring funds to closing:  • With wire fraud attempts escalating nationally, a cashier’s check is a safer option than a wire transfer, and generally banks have lower service fees for checks than for wires. If the title company receives the cashier’s check the day before closing, there’s likely no slowdown in the timeline for disbursements.  • If a wire is necessary based on specific logistics, it’s vital that the buyer call the title company (using a number from the company’s website, NOT from an email) to confirm instructions.  If you’re a victim of wire fraud … First and foremost, MOVE QUICKLY and take these steps:  1. Contact your bank immediately and ask fo...

  Grant Trevithick Real Estate Investor here with another pro tip. Today I want to talk about what the process is to actually buy a home. Whether you're in Dallas, Fort Worth, Irving, Addison, or any other part of Texas this advice is for you. If you live outside of Texas 90% of this will apply to you, however, I always encourage you to reach out to a Real Estate agent in your area for proper guidance. Buying a home is one of the largest financial decisions a person will make. Most banks offer home loans to their customers, but some may require a customer to have sufficient income to cover monthly payments on the home loan. A bank may also require that the buyer have good credit, which limits the number of buyers that qualify for a house loan. In this situation, a buyer's bank may offer financial assistance to his or her business in exchange for using its financing. In these instances, a buyer may be able to obtain a home loan without having sufficient income or good credit. Th...

  A subject-to contract is a type of real estate purchase agreement that allows the buyer to purchase a property while the seller is still in the process of paying off their mortgage. This can be a great option for buyers who are looking to save money on closing costs or who have difficulty getting approved for a traditional mortgage. To purchase a home using a subject-to contract, you will need to find a seller who is willing to sell their home on this basis. Once you have found a seller, you will need to negotiate the terms of the contract. The contract will typically include the purchase price, the closing costs, and the deadline for the seller to pay off their mortgage. Once the contract is signed, you will need to obtain a mortgage commitment from a lender. The lender will need to be comfortable with the fact that the seller is still in the process of paying off their mortgage. If the lender approves you for a mortgage, you will then be able to close on the property. There are...

  Grant Trevithick Carrollton real estate investor here with another pro tip. Selling a home can be a complex and stressful process, but there are several things that can be done to help increase the chances of a successful sale. Here are some tips to help you sell your home quickly and for the best price: Price it right: One of the most important factors in selling a home is pricing it correctly. Make sure to research the current market and compare your home to similar properties in the area. Pricing your home too high can discourage potential buyers while pricing it too low can leave money on the table. Make it presentable: Before putting your home on the market, make sure to make it as presentable as possible. This includes decluttering, deep cleaning, and making minor repairs. You may want to consider hiring a professional home stager to help you showcase your home in the best light possible. Here in Carrolton, you might even want to hire someone to pressure wash the exterior a...

  Grant Trevithick Carrollton Real Estate Investor With another Pro Tip on how to finance using owner finance. When buying a home or a piece of property in Texas, it's important to be vigilant and look out for any potential red flags that may indicate problems with the property. While the process of buying a property can be exciting, it's important to remember that this is a significant investment, and it's essential to protect your interests. One of the first things to look out for when buying a home or a piece of property is any structural issues. This includes things like foundation cracks, water damage, and termite damage. These issues can be costly to repair and significantly reduce the property's value. Make sure to have a home inspector check for any issues before making an offer. Another red flag to watch out for is unpermitted work. If a property has had any significant remodeling done to it, make sure that the work was done with proper permits. Unpermitted wor...

Purchasing a home is one of the most significant financial decisions individuals make in their lives. Traditionally, prospective homebuyers have relied on banks and other financial institutions for mortgage loans. However, in recent years, owner financing has emerged as an alternative option for acquiring a property. In this article, we will delve into the key distinctions between owner financing and traditional lending for homeownership, outlining the benefits and potential drawbacks of each approach. Owner Financing Explained Owner financing, also known as seller financing or seller carryback, occurs when the seller of a property acts as the lender for the buyer. In this arrangement, the buyer makes a down payment to the seller and agrees on repayment terms, including interest rates and monthly installments. The buyer becomes the owner of the property but owes the balance directly to the seller, effectively bypassing a conventional lender. Advantages of Owner Financing: a. Flexibilit...