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Home Buying in Sachse : Real Estate Advice

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Activity 6
Fri Aug 5, 2016
Chiminme2003 answered:
I am on a fixed income and I live in Wood County - lower tax and cheaper car as well. They offer also over 55 rates as well as SSI allowances.
0 votes 16 answers Share Flag
Mon Jul 21, 2014
kathomp answered:
Southlake is expensive! Their school district takes a lot of your tax money. Just look at the high school stadiums. They put California college stadiums to shame. Even if you retire here and own your home outright, the realtors told us to figure 3% property tax per year per assessed value. The assessor can raise that value if the economy is improved. Then you have to fight, fight, fight to justify why your taxes should be lower and your home is worse off than your neighbors'. If you have a fixed income, good luck! ... more
0 votes 10 answers Share Flag
Fri May 30, 2014
Scott Johnson answered:
Sachse is in Collin county and you can check some crime statistics at this link http://www.northeastdfwhomes.com/micommunity/zip/75048/

Sachse has one of the most active Resident Video Surveillance partnerships in the country. Residents that have video surveillance systems in their homes can let the police department know that they have the system and if something in their area happens the police ask the resident to review their recordings to see if there is anything that the police may be able to use. Just today a burgular was arrested because of this program. Check out this link for more information about this event https://local.nixle.com/alert/5207229/?sub_id=1805269

Scott & Amie Johnson
FireBoss Realty
469-269-0911

http://www.FireBossRealty.com
http://www.NortheastDFWHomes.com - Property Search Site
http://www.FireBossRealtyAroundTown.com - Blog
http://www.northeastdfwhomes.com/cp/mobile-app/ - FREE Mobile App
... more
0 votes 8 answers Share Flag
Thu Feb 21, 2013
Dixon Wong answered:
Morning Sarah,

Since we dont know which listing you are refering to. We wont able to look.

But you can visit my website at www.findyourtexashome.com, you will able to search for the latest listings and pictures.

Thanks

Dixon
Realtor
www.findyourtexashome.com
... more
0 votes 2 answers Share Flag
Sun Jul 8, 2012
April Ivie Broker-ABR,SFR,GREEN answered:
Michelle,I am a broker and have connections with several builders and know of several homes that might work,Please call me at 2145248552 I can help
0 votes 2 answers Share Flag
Sun Sep 25, 2011
T.E. & Naima Sumner answered:
Dean,

We all want to save money, especially in these turbulent times. Your house payment has 3 components (if it's like most of world's): Principal repayment plus Interest, Tax escrow and Insurance escrow. We generally refer to the payment as PITI for each of these components.

Interest payment depends on the interest rate of your mortgage loan. Right now banks are paying only about 1% on bank savings accounts and charging about 4% or more for mortgage interest. This means from an investing point of view that paying down your mortgage balance is saving you about 3% or more in interest you don't pay.
Huh? If you kept a large balance in your savings account, you would be receiving only the 1% rate while you would be paying the 4% for the loan. So, by moving the money from savings to the loan, you would save the difference.

Long term interest rates both on savings and on mortgage loans may rise, but your mortgage interest is probably fixed at whatever rate (e.g. 4%). So, in later years the 2 accounts for savings and the loan may come closer to being in balance, earning as much as you're paying.
If rates on savings accounts rise above your loan rate, then you should have the money in your savings account and not pay down the loan. It is complicated. An accountant or CPA can explain these principles to you to help you decide what to do, especially since mortgage interest is deductible for Federal income tax purposes, and interest income is taxable.

As to insurance, you have to shop around to find homeowner's insurance at a lower rate to save money on insurance escrow. The escrow account merely collects the money from you and pays the bills as they come in. So, if you pick a lower insurance premium from a different company or different policy, you could save on that portion of your monthly payment.

Lastly, the real estate taxes are set by the taxing districts where your house is located and the escrow pays whatever is due each January. To lower the amount needed each month, you have to get the tax appraisal district to declare the value of your house is lower than it currently is.
The rates are set by the budgets of all those taxing districts. So, the only way to lower the taxes is to fight the budget increases of the taxing districts and/or the asessed value of the property. Every May you are allowed to protest the value and hopefully you can get your assessment lowered. Fighting budget increases is a difficult task, since you have to go to each hearing the taxing body holds and fight against budget increases.

Paying off your mortgage loan will not reduce your assessed value. But, as noted above, it could result in savings from reduced interest payments. I hope this helps clarify things for you.
... more
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