Kopa Real Estate Blog - October, 2015

Do You Know A Realtor In … ?

Posted by Eric Peterson on October 3rd, 2015

I’m often asked if I know a Realtor in another part of the country. In most cases the answer is Yes!

Even if I don’t chances are I know what to look for in another agent to find a great one better than someone who isn’t working full time in the real estate business.

It’s much better to ask me this question before starting down the road of buying or selling real estate.

A few weeks ago I had two people ask me for a Realtor recommendation in Houston.

One person I was able to connect with a great agent who helped them find a home. They are closing on their home in a week and are very happy.

The second person contacted me after their friend had already listed his home with another agent. He wasn’t happy with the way his home was being…

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Austin-area home prices set August record

Posted by Eric Peterson on October 2nd, 2015

Austin-area home prices set August record, outpace household income growth in August 2015

Austin Board of REALTORS® releases real estate statistics for August 2015

AUSTIN, Texas – September 22, 2015 – According to the Multiple Listing Service (MLS) report released today by the Austin Board of REALTORS® (ABoR), Austin-area single-family home sales remained high in August, increasing eight percent to 2,943 home sales compared to August 2014. Austin-area single-family median home prices, for both sales and leasing, set a record for the month of August. Median home sales prices increased by eight percent year-over-year to $265,000, while median home lease payments increased by seven percent to $1,600.

Barb Cooper, 2015 President of the Austin…

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Consumer Friendly Changes To Mortgages Effective October 3, 2015

Posted by Eric Peterson on October 2nd, 2015

There are some important changes coming for future mortgage borrowers effective for mortgage applications taken after October 3, 2015. This is great news for borrowers to give them a better understanding of their costs and enough time to review the closing statement.

These changes have been brought about by the TILA-RESPA Integrated Disclosure (TRID) rule that is part of the Dodd Frank Reform & Consumer Protection Act.

The result of this legislation overhauls closing documents and institutes timelines for real estate settlement procedures.

Here is what this means to you as a buyer or seller of real estate.

Loan estimates and final closing financial disclosures will be easier to understand.

Disclosures will clarified to be easier to…

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