Real Estate, local information

Forrester on Real Estate law

Under all the land part 2

The Virginia Declaration of Rights was drawn upon by Thomas Jefferson in his drafting the Declaration of Independence, and by James Madison in his drafting the Constitution and Bill of Rights (the first ten amendments to the Constitution).

The danger of government interference with the free enjoyment of private property rights was, in other words, foreseen from the first moment of the founding of this Nation. And, as I've posted recently on this site, the danger of public infringement of private property rights is growing.

Steve Young
RE/MAX Associates
(817) 276-5149
www.steveyoung.pro
www.steveyoungtexasrealestate.pro

If you do not want to receive emails from Steve Young, please reply with “remove” in the subject line, and I will remove you from my mailing list.

Under all is the land...

Under all is the land. Upon its wise utilization and widely allocated ownership depend the survival and growth of free institutions and of our civilization.

So begins the preamble to the Code of Ethics and Standards of Practice of the National Association of Realtors^®. This preamble, of course, is not a new statement of principle, but a restatement of one of the founding principles of the United States of America.

On June 12, 1776, the Virginia Constitutional Convention adopted the Virginia Declaration of Rights , written by George Mason, which begins with the statement:

That all men are by nature equally free and independent and have certain inherent rights, of which, when they enter into a state of society, they cannot, by any compact, deprive or divest their posterity; namely, the enjoyment of life and liberty, with the means of acquiring and possessing property, and pursuing and obtaining happiness and safety.

Please read more on this article from: Forrester on Real Estate Law

The best advice? 2 Chronicles 7:14

Steve Young
RE/MAX Associates
(817) 276-5149
www.steveyoung.pro
www.steveyoungtexasrealestate.pro

If you do not want to receive emails from Steve Young, please reply with “remove” in the subject line, and I will remove you from my mailing list.

Tuesday, February 7, 2012

Get the facts re. Texas Real Estate

I have had several of my clients ask me about this so thought it important to re post this article from Texas Association of Realtor's. Wondering if you have heard this too?

Do your clients owe a 3.8% tax on their home sale?

A rumor about a 3.8% federal tax on all home sales has again hit the in-boxes of Texas consumers and real estate agents. So, is there such a tax for all home sales? No.

The facts are that individuals with incomes over $200,000 a year ($250,000 for married couples) will be subject to a 3.8% tax on profits of more than $250,000 ($500,000 for couples) from the sale of a primary residence. So, a husband and wife who make more than $250,000 a year and sell their home for $510,000 more than their purchase price would pay $380.

Let me know if you have questions or concerns regarding this and if I can answer any questions with selling, leasing, buying and investing in real estate. Also let me know how I can better assist you in nay way too!

Steve Young

Steve Young
RE/MAX Associates
(817) 276-5149
www.steveyoung.pro
www.steveyoungtexasrealestate.pro

If you do not want to receive emails from Steve Young, please reply with “remove” in the subject line, and I will remove you from my mailing list.

Monday, February 6, 2012

Happy birthday...

Oh yes, that was yesterday! Oh well, I've noticed that men are usually not able to milk their birthdays for much past "the day" but I'm okay with that!

I wanted to say thank you to all that emailed, texted, called and face booked me wishing me a happy birthday. (face booked...sounds like something I had to do community service at Mission Arlington for...but I digress & that was a long time ago! Still thank Miss Tillie for her Ministry to me back then)

You helped make my day very special, yep, even at 59 it was a great day.

A special thank you to Sheryl who bought me cool stuff and fixed like a really great dinner as well. She actually knows what wine to serve...a new concept!

Also want to say thanks to Steve and Debbie for the cool Harley shirt and for Danny Boyer for noticing that it was so nice of the NFL to have such a special event to celebrate my Birthday!

Steve Young
RE/MAX Associates
(817) 276-5149
www.steveyoung.pro
www.steveyoungtexasrealestate.pro

If you do not want to receive emails from Steve Young, please reply with “remove” in the subject line, and I will remove you from my mailing list.

Saturday, February 4, 2012

Texas HOA rule changes

Homeowners in HOAs now have a few more property rights...

Thanks to the last Texas Legislature and efforts by the Texas Association of REALTORS®, property owners in homeowners associations are now guaranteed the right to place religious displays on their front doors; fly the U.S., state, and military flags; and install rain barrels and solar panels on their property. Other recent legislative changes will make HOA meetings and records more accessible to all HOA members and will prevent HOAs from using nonjudicial foreclosures powers.

Texas Association of REALTORS® Vice President of Governmental Affairs Mark Lehman was quoted in a San Antonio Express-News article summarizing the changes.

As a Director for the Texas Association of Realtor's, I am proud to serve an association that not only looks out for Texas home owner's private property rights and will fight for them as well!

Steve Young

Texas Association of Realtor's director

Contact me at:

Steve Young
RE/MAX Associates
(817) 276-5149
www.steveyoung.pro
www.steveyoungtexasrealestate.pro

If you do not want to receive emails from Steve Young, please reply with “remove” in the subject line, and I will remove you from my mailing list.

Thursday, February 2, 2012

Texas Quarterly Housing Report

Texas home-sales stats: “Flat” is the new “up”

If statewide or market-specific statistics for home sales interest you, check out the Texas Quarterly Housing Report released today by the Texas Association of REALTORS®. The report ... using MLS data compiled by the Real Estate Center at Texas A&M University ... shows a 6% increase in sales volume in the fourth quarter of 2011 compared to the same period in 2010. Median sales price did not change.

“Looking at the year as a whole, sales volume and median price in Texas were essentially flat compared to 2010," said Jim Gaines, Ph.D., an economist with the Real Estate Center. "However, Texans should know that ‘flat’ is the new ‘up’ because our state still outpaces national averages by eight to 10% in both sales volume and median price.”

Steve Young
RE/MAX Associates
(817) 276-5149
www.steveyoung.pro
www.steveyoungtexasrealestate.pro

If you do not want to receive emails from Steve Young, please reply with “remove” in the subject line, and I will remove you from my mailing list.