In Texas, where property taxes (known as ad valorem taxes) are notoriously high, homeowners often seek ways to manage their appraised property values. A common strategy employed by savvy investors and homeowners is choosing to purchase and renovate an older home rather than buying new construction or an existing, untouched resale. This approach can lead…

When a borrower defaults on a mortgage, the bank’s goal is to recoup the outstanding debt, typically through a public foreclosure auction. If the property fails to sell to a third party buyer at the foreclosure auction, ownership usually reverts to the lender though a credit bid. This property then becomes a Real Estate Owned…

In the real estate market, some sellers, particularly banks, turn to auction companies when a property fails to sell through traditional listings. While these auctions are heavily marketed as a way to generate excitement and potentially secure a higher price, they are often viewed as primarily a marketing scheme with specific risks and rules that…

A new law, Texas Senate Bill 17 (SB 17) and codified in Chapter 5, Subchapter H of the Texas Property Code, took effect on September 1, prohibiting certain non-citizens and non-permanent residents from designated “hostile” countries from purchasing real property in Texas. While the law is broad, its impact has been most immediately felt by…

The rental market in Texas is seeing a significant demographic shift, with retired seniors increasingly opting to rent rather than own a home. This trend is especially pronounced in the state’s major metropolitan areas, reflecting a broader migration pattern across the Sunbelt. Senior Rental Growth is Skyrocketing Major Texas cities are experiencing massive growth in…