Texas HB 2207
Just great. Two years ago our lovable policy-makers here in Texas managed to pass a bill into law that pretty much outlawed lease/options, and now they are trying to do the same with subject-to investing. The key part of the legislation for me was the following text:
- [...] the person provides the purchaser and each lienholder a written disclosure statement in at least 12-point type that:
[...]
(4) indicates whether the lienholder has consented to the transfer of the property to the purchaser.
If you are a Texas real estate investor, I urge you to contact your representatives and voice your disapproval of this bill (please use courteous language, though).
3 comments:
I did a property search using house #2 parameters and jeez!.....it's competing with so much inventory, no wonder it's not selling. It gets lost in a sea of other houses just like it.
Since it's only a picture, there's no way of actually knowing how it stacks up, but it looks as good or better than most it's competing with....there's just too many damn houses on the market.
There's a realtor who blogs and does a pretty good job moving houses in FL...a pretty tough market right now. If you want to contact him and get some advice, he's a pretty righteous dude and quick to lend a helping hand. You've got my email addy.....drop me a note and I'll foward his contact info.
Yeah, and the worst part is the subdivision the house resides. My in-laws bought a HUD f/c there last year as their primary residence. Since then, they've witnessed TWO families on JUST their street up and leave in the middle of the night. A couple of months later, they were listed as HUD f/c's themselves. And this was just on their street! Even though the subdivision is only 5-6 years old, it is already considered the "ghetto' of the city. Pretty sad. My MIL just told me over the weekend that she's been watching a home there that was originally listed with an agent, too. It started in the lower $120k's, dropped to $120k, and then just last week, it's now listed as an FSBO for $115k (or $77/sf - mine is listed for $74/sf w/$2k bonus). Really sad. One of these live-n-learn lessons for me. If I ever buy another home in that subdivision, it will have to be AT MOST 60% FMV.
This one has me stumped.....
I take pride in being able to come up with solutions to problems and have a pretty good track record. However, figuring out how to make your listing stand out above the others eludes me. It's been bugging me since I did the search....
Here's my best shot, feeble as it is:
Have your agent do a mass mailing or some strong communication about the event.
The event will be a Texas BBQ, hosted at #2
Grill some meat and throw together some beans and bread.
Boom box some Texas Swing
No alcohol (too much of a liability)
Have a buddy do the cooking and your agent have an assistant gathering followup info. Be sure you and your agent are free to mingle because that's when you might grab a buyer.
As an added something....buy the grill new (cheap) and raffle it off during the cookout or offer to throw it into closing.
What's you thoughts?
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