How land is selling in your market

Would you like to own a piece of Texas? What about 20 acres of it? If so, you would be among the thousands of landowners this year who purchased a small tract of land in Texas (yes, 20 acres is small by our standards). So, how much does a small tract of land cost in different regions of the state? Find out in the 2015 Texas Small Land Sales Report. This 18-page report from the Texas Association of REALTORS® explains how small land sales differ across the state by price and size.

What happens when the seller won’t make repairs?

I made an offer on a home, and an inspector found several things that need to be repaired that weren’t listed on the seller’s disclosure. The seller refuses to make the repairs. Doesn’t he have to? No. A professional inspection will often reveal items in need of repair that the seller didn’t know about. When that happens, you can propose an amendment to the contract requesting that the seller make specific repairs. However, the seller is not obligated to accept the amendment to make repairs. If he does not accept the amendment, and if your contract includes a termination option, you have the right to terminate the contract prior to the option period’s expiration date.

Texas Parks & Wildlife Artificial Reef Program

Please go to Facebook and Like the Texas Parks & Wildlife Artificial Reef program. The site shows where the reefing project will be and organizations and City’s that supported this project. https://www.facebook.com/TexasParksAndWildlifeArtificialReefProgram The Gulf of Mexico off the coast of Texas hosts commercial and recreational fishing and diving and plays an important role in local economies. It provides vital habitat for marine life of all types and links us with the ocean through an interconnected environment. Artificial reefs enhance this marine environment by providing additional habitat needed by marine life. The Texas Parks and Wildlife Artificial Reef Program, funded through industry partnerships and grants, creates and enhances this critical marine habitat to benefit Texans and the natural environment.

South Padre Island HOT Tax Ordinance

The City of South Padre Island has recently passed an Ordinance requiring all property owners who advertise their property for short term rental to register their residential rental unit(s) (house, condo, apartment or bedroom) with the City, AND to comply with all applicable laws including the collection and remittance of hotel occupancy tax. The City registration number must be posted on all advertising and a 24/7 emergency contact number within one hour’s reach of the property must be provided. In addition to the enforcement and collection of hotel occupancy tax, the ordinance is intended to bring credibility to the rental marketplace by deterring fraudulent listings, and to assist our City authorities in enforcing our quality of life ordinances: noise, disturbance and fire code occupancy. More information and registration forms are available online at . The final compliance date is July 1st 2015. For questions you may call Customer Service: (956) 761-8382 or Email: HotTax@SoPadre.com If a property owner has a Rental Property Manager on the island they should be handling the registration process for them. However, property owners should contact their rental agent to be sure.

3 factors that make your housing market healthy

Watch this short video for an economist’s perspective on why demand for homes increases. Visit texasrealestate.com/training-videos for more quick videos with practical information you’ll actually use.

Before you make a move

Buying, selling, moving ... it can all be overwhelming. When you're ready to make a move, don't trust your dreams to just anyone. Hire professionals—a Texas REALTOR® for your real estate transaction and a member of the Southwest Movers Association for your moving needs. 3 steps for a successful move Verify that a mover is licensed with the Texas Department of Motor Vehicles. Require a written estimate and sign a contract before anything is moved. Insure your valuables, and find out how much the mover's insurance will cover for lost or broken items. Where to locate a mover or Texas REALTOR® Find a Texas REALTOR® Find a reputable mover

Can Texas real estate trivia stump you?

Listen to the latest “Inside Texas Real Estate” podcast for some fun facts about the housing market in Texas, then share the link with your clients: texasrealestate.com/inside. You can also find out how Texas home sales from the first quarter of 2015 stacked up against the numbers from last year. Read the Texas Quarterly Housing Report