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Gillespie County : Real Estate Advice

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Activity 19
Fri Dec 9, 2016
Kathy Burgreen answered:
Investors don't invest in new licensed realtors because the statistics prove that most new realtors quit during the first 2 years and investors will lose money.

Most new realtors either use the income from their full time job, their savings or they borrow money from family.

If you don't have available cash, a part time or full time job or able to borrow from family - then you need to quit. You need to understand you are now self employed and you need your own cash to invest in your own business. This is why it's common knowledge that a real estate career is very expensive and you don't make as much money as you think.
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Sat Jul 30, 2016
Susie Kay answered:
Usually property tax is based on which county the home is in, the school district, and the city. There may be some additional taxes so I would suggest that you ask your realtor once you've found a home that you like.

I hope this makes sense!

Best,
Susie Kay
United Real Estate Dallas
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Wed Apr 13, 2016
Susie Kay answered:
Did you lender give you an explanation as of why they are asking you to rent for 6 months? If not then I would suggest that you ask. You can always work with another lender as well.
0 votes 1 answer Share Flag
Fri Aug 7, 2015
Andrew Harvey answered:
No, You are looking at more likely $250 plus.
If you need help
Call me Andrew Harvey Realtor, Fredericksburg, TX 830 998 5981
0 votes 1 answer Share Flag
Mon Jul 28, 2014
Cookie Althaus answered:
This property is out in the country so there is no zoning restrictions!
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Sun Mar 23, 2014
Sanjeev Ahuja answered:
Please see below:

You may be able to save thousands of dollars each year on your property taxes if you are 65 or older and qualify for a homestead exemption. The savings come through a lock-in provision many states offer seniors on school taxes on their home. The lock-in can vary according to the growth of the school districts and their need for money, but it can be a considerable savings for seniors whose children have already completed the local schools.
Application for the Over-65 Lock-in is made directly to the local tax appraisal office. In Texas seniors get a $10,000 of the property's assessed value exemption (discount) from the school taxes and $3,000 is exempt from other local taxes. This is in addition to the regular $15,000 homestead exemption. Whenever the property is improved (and the tax value goes up) the tax ceiling is adjusted for the new additions. However, regular repairs and maintenance are not counted.
The tax lock-in is available when the taxpayer turns 65 and may be retroactive to that age. For instance, if you are now 67 and have owned the property for more than two years, you may be able to get a refund on school taxes for the past two years.
To find out how much your tax discount is and how much your refund may be call your tax appraisal office, give them your address and ask for the Senior Property Tax Lock-in discount. While the discount is available it is not automatic. It must be requested by the 65 or older property owner.

IF YOU FIND ABOVE INFORMATION HELPFUL PLEASE SELECT THE BEST ANSWER!

Thanks
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Mon Mar 3, 2014
Cookie Althaus answered:
We have some property for sale on Althaus Davis Rd. almost 6 acres-all fenced-windmill and a nice manufactured home on it- OWNER FINANCING with 1/2 down- Fredericksburg area
0 votes 5 answers Share Flag
Sun Feb 2, 2014
pjlundberg asked:
Thu Sep 26, 2013
Bob Surma answered:
Our town has about 10000 people and about 25000 in Gillespie county. With about 25000 tourist visiting our town every week I think our crime is very low. You can go to the city website www.fbgtx.org or the chamber site www.fredericksburg-texas.com to view. I have lived here for almost 25 years moving from San Antonio and I would not live any where else. Fredericksburg is a very active small town with much to see and do with biking along our county roads or visiting our many art galleries or going to our 17 wine shops along Hwy 290. You can also check our local paper at www.fredericksburgstandard.com for current news. Hope this help and email or call me when you have more questions. ... more
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Sat Aug 24, 2013
Bob Surma answered:
Our town is the #1 rated tourist town in Texas with over 375 B&B's we get over 25,000 tourist a weekend. The B&B's business has grown over the past twenty years and I do not see it slowing down. Many older homes both large and small in town and out on property are both successful. You can buy a turn key home that is in business presently or buy a home and set it up with one of our many reservation services. Thanks for your question and email me for more information. ... more
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Mon Apr 1, 2013
Robert Menking answered:
We would be more than happy to show you the properties. One of the existing the existing three homes is already under contract with an offer pending on another. I you would be so kind as to call my personal number at 830-889-2450. I'll personally take care of your needs. Officially, the office nor myself have no record of you calling, texting, or emailing. I do apologize for the confusion. ... more
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Thu Jul 5, 2012
Marie Ransleben answered:
Hello Jed,

I'm a local Fredericksburg Realtor there are several homes in that price range for sale and even possible owner financing.

If your serious and like for me to start to work on looking, just let me know.

Thanks,
Marie Ransleben, Realtor
Exit Realty Partners II
701 S. Adams Suite B
Fredericksburg, TX 78624
Cell: 830-822-1202
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1 vote 3 answers Share Flag
Thu Apr 12, 2012
Bruce Lynn answered:
I'd be pretty uncomfortable with a 6month closing date, unless it is a new build...(we need six months to build it) or there is some very unusual compelling circumstance which makes the buyer or seller want to wait this long.
I would want substantial earnest money from the buyer and perhaps even on a monthly basis, something like $1000 to start and $1000 on the 1st of every month to closing on a $200,000 sale. You could adjust up or down on other values.
Way way too many things can happen in six months. New jobs, new spouses, new kids, different credit requirements, deaths, accidents, tornadoes, and who knows what else. Think about this too....when do you do the inspection....Day 1....so how do you know things like AC units go bad between today and October?

Sales tax...that's a slippery slope to start down. 1% now....2%......next year....5%....5 years from now. With all the foreclosures and banks in bad shape, I don't think they'll let that happen.
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Sat Feb 18, 2012
Daphne Sanitz answered:
Sat Feb 18, 2012
Daphne Sanitz answered:
Here are the homes that sold from Jan 2009-August 2010. A link should be available for you to click on.
0 votes 1 answer Share Flag
Fri Jun 11, 2010
Ruth and Perry Mistry answered:
Hello Carl:

Say you were bidding on my $750k to $1M plus listing rest assured your agent will be asked
to get a letter from you explaining why I should sell to you and take the home of the market.
A letter detailing what do you do, and why you want to buy the property.

Rest assured we have done many:

www.ruthandperry.com

I would also call your lender to see if you qualify and what your FICO is

But lets say you were making $200K a year, had a FICO of 800 plus and were a doctor or a hot shot engineer.
But things went bad, and you screwed up and were fired in the middle of the contract now what.
what good is your income and your credit rating.

Forget being a doctor lets say you were a Fiber Optic engineer at many high tech companies like Lucent / Cisco / Ciena / etc., stock was at $300 / share and then in middle of contract down to $28, well then what?

Rest assured, a good Realtor or a Real Estate Lawyer in time will know and do it well.

The issue is times are tough and folks are trying to make it happen with changing circumstances.

The issue is simple , besides your credit rating, more importantly is what do you qualify for on the
Day of Closing the home, before the Lender funds and it is important that you have not borrowed money or bought a car before closing, and what is your Dent to Income levels from the original day of signing and turning in your loan App.

You may be the Don making $200K with $10M in funny money stocks, but loose your job and stocks down
to less than what you bought it for may mean You dont get that fine home with a FICO of 800.

Good luck to you.
Perry
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Mon Feb 15, 2010
Dan Chase answered:
The price per square foot is not only the house but the land it sits on. Depending on how much the land is worth it could be high or low.
1 vote 1 answer Share Flag
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