Profile picture for Chris Hutchinson

Chris Hutchinson

Agent

Realtor, TX

Specialties:
Buyer's Agent,
Listing Agent,
Commercial R.E.,
Property Management

Advice

  • (71 Contributions,
  • 3 Best Answers,
  • 10 Helpful)

Contributions are sorted newest to oldest.

how to find out how much cost the property taxes in a house on dallas texas ?

Answer

You should go to the appraisal district for the county the house is located. You can find the property taxes there. Dallas County http://www.dallascad.org/ Tarrant County http://www.tad.org/ Denton County http://www.dentoncad.com/ If you need additional help feel free to ask. Good luck, Chris

  (0)
How can I know if the lender is reputable and not a fraud?

Answer

Just based on my quick research they seem like just another mortgage company. Sebonic is a dba for http://www.cardinalfinancial.com/. A lot of time companies will do this to rebrand themselves for a different niche of customer but they use the same underwriting as the parent company. You should be fine if you want to use this company. But if you are suspicious perhaps you should go to someone you actually trust. Your agent will always have a referral for you if you ask.

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Do cash offers on bank owned homes get better sales prices?

Answer

On bank owned homes a cash offer has more weight than a financed offer simply because it does not have as many contingencies. So if you wrote the offer as cash, provide proof of funds and strip out the contingencies if its a close bid most likely you offer will be accepted. If your offer is significantly lower the bank may not consider it. They have a target amount of proceeds they want to net from the sale. I say when bidding on REOs you need to look at your objective. If the house is in move in condition and you don't need to do much to it look at comparable properties in the area as a guide on how to bid closer to retail. If its a fixer upper look at the retail price and subtract out the cost of repairs to submit your price. There is always a property out there for you and their is always someone out their will to overpay for a property that isn't the right one for you. Regards, Chris Hutchinson 

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HOw do you evict or take posession of repo homes

Answer

You need to go to court to file for an eviction. Once it's granted the county sheriff will evict the tenants on your behalf. You should consult a real estate attorney to find the proper wat to proceed.

  (0)
Best Places to Invest in Real Estate in DFW

Answer

I recommend you go with single family houses over all other types of housing. 30 min radius from your house is a good rule of thumb. Most in investors I work with use hardmoney lenders to acquire and rehab the houses with little to nothing out if pocket and divest their properties every 5-7 years. Most properties are purchased 30-60% below after repair value. They keeper tagged on the properties to maximize their cash on cash return and to minimize tax liability. I don't recommend investing in condos, duplexes, triplexes or 4-plexes because they are generally easy to buy but difficult to sell because the values are always questionable and general demand for that type of housing is weak in this market. Once you get several single family homes people tend to naturally progress to multifamily 5 units+ just because they start to seek economies of scale as they get into the larger number of units. I help my cliebts find wholesale discounted properties and assist in navigating through the process of buying propeties for investments. The best investors use multiple agents to help them find deals.

  (0)
How can I advertise my Name on Zillow

Answer

You will need to call them send zillow an email to contact you and they will sell you impressions in your preferred market area. I think zillow works better for listing agents than buyers agents though.

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Is there even such a thing as "owner carried financing" or "assumptions" anymore?

Answer

Yes they both exist. I can provide you a list of owner financed homes. They typically require 10-20% down to get the terms. Owner financing is actually quite common today. It allows owners to get higher prices for their homes than they normally would and it allows them to cash flow without being a landlord. Now assumptions are harder to come by buy they are still done from time to time but they are not marketed like owner finances homes are today.

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How do I locate a rental home with a broken lease that was three years ago with bad credit?

Answer

The only way to find out is to apply. An easier fix to part of the issue is to begin working on your credit. You only need to clear up a few negative items to move you up a few points. If you can get in the mid 600s you should be ok. If you credit comes back with a few challenges but you make a good income and you have a good referral from your current landlord you may need to pay a double deposit to move in if approved. Good Luck.

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What is the best program for first time home buyers?

Answer

It really depends on your credit and down payment situation. It also depends on what you consider important.   Typically if you get with a mortgage broker (not a bank) they will help you get the loan that best fits your needs.  

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