By Tom Branch, on January 20th, 2011  Copyright 2011 - Imaged2Sell 4 Bedrooms | 2 Baths | 2-Car Garage | 2205 SF/Tax
McKinney TX Home For Lease – Warm and inviting home with hand scraped hardwood floors. Open island kitchen with built-in desk has Corian-type counters, custom tile back splash, new dishwasher and microwave. Master suite has jetted tub, dual vanities and walk-in closet. Fourth bedroom could be used as study. Enjoy the surround sound in living room and outdoor speakers on covered patio. Designer touches include crown molding, French doors, upgraded fixtures, and fresh paint.
Current status, pricing, photos, and a virtual tour for this McKinney TX Home for Lease.
Source: NTREIS
By Tom Branch, on January 18th, 2011 We’re pleased to announce that The Branch Team has sponsored the ActiveRain Ridgeview Ranch Community Page.
 Photo Copyright 2011 - Tom Branch Ridgeview Ranch is a master planned golf course development of about 885 homes located in the heart of north Plano. The community consists of four distinct communities – The Villages at Ridgeview Ranch, The Estates of Ridgeview Ranch, The Manors at Ridgeview Ranch, and Ridgeview Ranch West. Community amenities include two pools, a fitness center, playgrounds, parks, and the Ridgeview Ranch Golf Course. The original homebuider for the development was Centex Homes.
We recently produced a virtual tour showcasing Ridgeview Ranch in Plano, TX. View the Ridgeview Ranch Virtual Tour.
Click to view Ridgeview Ranch Homes for Sale.
By Tom Branch, on January 18th, 2011 Analysts are blaming the housing sector for the slow economic recovery.
Analysts say the real estate market often leads to economic recoveries. However, “I expect housing will not provide as much support to this recovery has it has in previous ones,” says Eric Rosengren, the president of the Boston Federal Reserve Bank.
REALTOR® Magazine-Daily News-Is Real Estate Jeopardizing Economic Recovery?.
Source: REALTOR(R) Magazine Online
By Tom Branch, on January 17th, 2011 I received a call from a local broker who I’ve known for years. I’ve been pushing her to change her business entity from a Sole Proprietorship to a Limited Liability Company. She finally got around to thinking about it. She spoke to her attorney who quoted her $750 plus filing fees of about $310 and an annual fee of $150 to serve as the Registered Agent.
 Licensed from iStockPhoto I told her she could file the documents herself and not only save the $750 but the $150 annual Registered Agent fee as well.
Note the following does not constitute legal advice. Always seek legal advice prior to setting up any entity as there are pros and cons to each of them.
Since she had decided to file as a single member Limited Liability Company, she needed to gather some basic information. We would need the following:
- Company Name and Address
- Name and Address of the Registered Agent (her in this case)
- Names and Addresses for all Members (her in this case!)
- Credit Card for the $300 Filing Fee
The hardest part in Texas is making sure you can use a company name. You can pay to search but I search them at no cost on the Texas Comptroller’s Website.
Let me explain what makes this interesting. I own Realty Revolution LLC. If someone wants to form a company called Realty Revolution REO Services LLC, their application will be rejected because the name is similar to one already in use. What I usually do is search on the first two words to see what comes up. If other companies are using the name, you can check to make sure they are in Good Standing. If not, you can usually get the name.
The lesson in this is to stay in Good Standing by filing the annual Franchise Tax Return and the Company Information Report!
Once you’re certain the name is available. Visit the Texas Secretary of State’s Website. On your first visit, you’ll need to file a request to set yourself up as a user. Once you have a User ID and Password you can log onto SOS-Direct and file your application online.
She needs to file for an EIN with the IRS. This can be done online at the IRS Website. Since this is a real estate brokerage, she also needs to apply for an LLC Broker License. Visit the Texas Real Estate Commission Website for details.
Going through a web filing step-by-step is beyond the scope of this blog. If you have real problems, contact me and I will assist you.
By Tom Branch, on January 16th, 2011 According to the Distressed Property Institute, more than 80 percent of distressed homeowners who go into foreclosure have never contacted their lender or a real estate professional for help. That’s a staggering number when help and relief are available.
 Licensed from iStockPhoto Without fail, our phone rings off the hook near the end of every month from desperate homeowners looking for help. After checking the local foreclosure lists, we often find that the house is already scheduled for foreclosure the following week. At that point, it’s nearly impossible to get a Short Sale in place to stop it.
An important thing to understand about Short Sales is that the process is anything but “short.” The only thing “short” about a Short Sale is the payoff to the lender. The sooner the homeowner contacts someone for help, the more time is available to work the Short Sales process.
We encourage homeowners across the United States to get educated on the options available should they become financially distressed. Short Sales are a great tool, providing relief to all parties.
Just remember to choose a REALTOR® with a proven Short Sale track record to negotiate on your behalf. Making the right choice can mean the world of difference to your financial future.
Based on “Avoiding Foreclosure – The Field Guide to Short Sales” © 2010 – Tom Branch and Gina Branch
By Tom Branch, on January 14th, 2011  Copyright 2011 - Imaged2Sell 3 Bedrooms | 2.1 Baths | 2-Car Garage | 2319 SF/Builder
Plano TX Townhomes For Sale – Gorgeous new construction with stone exterior. Gourmet island kitchen with oversized breakfast bar, granite counters, tile back splash, stainless appliances, and gas cook top. Designer touches include art niche, bull nose corners, and iron balusters. Second living area perfect for game room. Enclosed patio with gas. Full service HOA for low maintenance living.
Current status, pricing, photos, and a virtual tour for this Plano TX Townhome for Sale.
Source: NTREIS
By Tom Branch, on January 14th, 2011  Copyright 2011 - Imaged2Sell 3 Bedrooms | 2.1 Baths | 2-Car Garage | 2319 SF/Builder
Plano TX Townhomes For Sale – Stunning new construction with stone exterior. Gourmet island kitchen with oversized breakfast bar, granite counters, tumbled marble back splash, stainless appliances, and gas cook top. Designer touches include art niche, bull nose corners, brushed nickel fixtures, and iron balusters. Second living area perfect for game room. Enclosed patio with gas. Full service HOA for low maintenance living.
Current status, pricing, photos, and a virtual tour for this Plano TX Townhome for Sale.
Source: NTREIS
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