Lease and Rental Homes in DFW

Are you looking to lease or rent a house, townhouse, or condominium in the Dallas Fort Worth area? Check out www.ntxleasing.com.

Lease and Rental Homes in DFW

As tenant representatives, we can assist you in your search, show you properties, and negotiate the terms of the lease. The best part is our fee is paid by the property owner!

Where to Search for a HUD Foreclosure

The Branch Team has relaunched HUDHomesDFW.com!

HUDHomesDFW.com

If you’re searching for HUD Foreclosures or HUD Homes, this website is for you. It contains information about HUD properties and links to all the available HUD homes in Collin, Dallas, Denton, Rockwall, and Tarrant counties.

Unlike many foreclosure sites, we will not ask you to pay us to look at foreclosure listings, nor will we require you to give us your contact information. Feel free to use the “HUD Search” links on the site and you can have immediate access to all active HUD Foreclosure listings in the greater Dallas – Ft. Worth Metroplex.

The Branch Team with RE/MAX Dallas Suburbs is a HUD Approved Broker and is authorized to place bids on HUD properties.

Tom Branch, Broker, CDPE, SFR

Tax Information For Homeowners

As a property owner, you are required to pay property taxes. It is taxed each year by a variety of jurisdictions including the county, city and school district.

Taxes

Licensed from iStockPhoto

If you purchased in 2010, you may need to notify the taxing authorities of your ownership so that the tax rolls will reflect the change. You may do this by contacting the appropriate tax appraisal district in your county from the following list:

Collin County Appraisal District – 469-742-9200 – www.collincad.org
Dallas County Appraisal District – 214-631-0910 – www.dallascad.org
Denton County Appraisal District – 940-349-3800 – www.dentoncad.com
Ellis County Appraisal District – 972-937-3552 – www.elliscad.org
Rockwall County Appraisal District – 972-771-2034 – www.rockwallcad.com
Tarrant County Appraisal District – 817-284-0024 – www.tad.org

Your property is assigned a single appraised value, which is sent to all taxing jurisdictions. The jurisdiction then applies the tax rate, as set by its governing body, to the appraised value.

2011 TAX EXEMPTIONS

On January 1, 2011, value, ownership, legal description of the property and exemption status of the taxpayer is determined. Several forms of tax relief are available which may reduce the taxable value of your property. Applying for exemptions is the taxpayer’s responsibility. Some exemptions require a new application each year. Contact your appraisal district to learn more about the following exemptions and how to file for them:

General Homestead Exemption
Over 65 Exemption
Disabled Individual Exemption
Disabled Veteran Exemption
Agriculture Land Exemption

To receive your exemption(s), you must own the property and be living in the property as of January 1st. Your application must be applied for on or before April 30, 2011 to receive the tax benefits for this year. This is a FREE service.

Remember, tax statements are generally mailed in October of each year. The taxes are payable on or after October 31, however, you may elect to pay them as late as January 31 without penalty. Taxes become delinquent February 1 and on this date penalties and interest do accrue. If you receive a Tax Statement and your mortgage company is escrowing funds for taxes from your monthly payments, forward the statement to your mortgage company so they can pay the taxes.

Tom Branch, Broker, CDPE, SFR

Basic information provided by Republic Title

Dallas Superbowl Leasing in the Media

I recently took part in an NBC 5 News story by Grant Stinchfield. The story titled, “Super Bowl Rentals Could Become Brothels, Group Says” focuses on the possibility that leased homes could be used for illegal activity.

Superbowl Leasing in the Media

Licensed from iStockPhoto

With the Superbowl coming to town in 2011 and the hint of big money, some homeowners close to the stadium (and those not so close) are considering leasing their homes for the event. Grant raises a great point that anyone considering leasing their homes needs to exercise caution.

While this is true in any lease situation, these short-term leases represent a huge risk to the owner. If you are looking into a short-term lease consider the following:

Take a Lease Application. Most of us would never lease our home without one so why do it now? 

Run a Background Check. Part of the lease application should be an authorization to do a background check including criminal and credit.

Put the Lease in Writing. While Texas Law recognizes a verbal lease for less than one year, it’s critical to get the details in writing. Contact a local real estate professional or an attorney to have the document drafted. You have to plan for holding-over or damage to the property. If you don’t, you may find yourself having to go through the eviction process and find damage that exceeds any profit made on the lease.

Remember the Golden Rule of Business. If it sounds to good to be true, it usually is.

The Superbowl will have a huge economic impact on the DFW Metroplex. If you decide to lease your home to cash-in on that impact, take steps to protect yourself and your property.

Tom Branch, Broker, CDPE, SFR

Is Your Home Ready For Plummeting Temperatures?

Here it comes! The National Weather Service is predicting low temperatures on Monday morning to be close to 20 degrees. Is your home ready?

Is Your Home Ready For Plummeting Temperatures

Copyright 2010 - Tom Branch

If your home is heated, you’ll not likely have any problems inside.

Outside, be sure to disconnect your hoses from the faucets. This allows the water to drain. While many newer faucets have freeze prevention built-in, many older faucets can freeze. If they do freeze, the pipes may fracture and the home can flood.

You can purchase covers for less than $5 at many local stores. These covers help insulate the faucet and keep it from freezing. The cost is far less than repairing damaged pipes behind the brick facade and cleaning up the water damage inside.

Tom Branch, Broker, CDPE, SFR

Gina Branch Appears in D Magazine’s Dallas Dirt Blog

D Magazine Dallas Dirt Blog

Posted on Dallas Dirt by Candy Evans

Gina Branch, ABR of RE/MAX Dallas Suburbs, offers a response to our Eager Seller of the day who hasn’t seen any movement in her $150k home on the market for a week:

Dear Eager:

This is a great question currently on the minds of many homeowners across the nation.

The good news is the national foreclosure moratorium will have very little impact in Texas.  Texas is a non-judicial state and the foreclosures will most likely begin again here in the next few weeks as the lenders dot the i’s and cross the t’s on their paperwork.

The bigger issues impacting home sales in the Dallas area are three-fold.  First, the federal tax credit that expired earlier this year prompted many buyers to get off the fence and purchase before the deadline.  This frenzied buying has dissipated the current buyer pool.  Secondly, we’re still running across many buyers who can’t qualify for a mortgage due to low credit scores, high debt, or a combination of the two.  This is such a tragedy given the historically low interest rates and affordable housing prices in our area.  And third, unemployment is high, so many would-be buyers are unwilling to part with their money given the widespread job insecurity facing Texas and the nation.

While it’s a great time to purchase a home, it’s not the best time to sell.  What sellers need to keep in mind is that whatever loss they might take on the sale of their home, they will more than make up for on the purchase of a new one.  The savings in interest alone is substantial.  When you combine that with lots of inventory and stable prices, it’s a prime time to buy.  The Dallas Fort Worth metro area is having a fire sale!  If you’re planning to purchase another home after you sell, I would encourage you to take your minor bumps and bruises in sales price and then take full advantage of the current buyer’s market.

Originally Posted at:  http://dallasdirt.dmagazine.com/2010/10/18/ask-candy-how-foreclosuregate-will-affect-dallas-real-estate-its-a-fire-sale/

Small Changes Can Make A Big Impact

Kim Fischer – NBCDFW.com

October 8, 2010

When it comes to staging your home for sale, making small changes can make a big impact with a potential buyer.

Small Changes Can Make A Big Impact

Click here for video.

Gina Branch was interviewed as part of this story that aired on NBC 5 News on October 8 and October 9, 2010. You can see more of us “in the media” by clicking here.