Frequently Asked Questions

If you need further assistance, please contact us by phone at 903-962-3998, via e-mail, or reach Charles on his mobile phone at 903-539-0618.

Why should I use a real estate broker and/or agent?

A real estate agent is more than simply a "sales person." They act on your behalf as your agent, providing you with advice and guidance and doing a job - helping you buy or sell a home or property. Due to the fast changing market, the data on available listings is not 100% accurate. There are times when you need the most current information about what has sold or is for sale, and the only way to get that is with an agent. There are two types of agents, "Buyer's Agents" and "Seller's Agents". It used to be common for all parties involved to work for the seller, hence the term "Seller's Agent". Nowadays, you will most often find a different type of agent, the "Buyer's Agent". If you are in the market to buy, it would be advisable to use a Buyer's Agent. They can make recommendations on what terms and prices to offer as well as negotiating a deal with your best interest in mind. If you happen to be working with a Seller's Agent, never disclose to them the top dollar you are willing to pay for any property. Keep it narrowed down only to things that you would tell the seller directly.

Back to Top

How large is an acre?

An acre is an area of land equal to 43,560 square feet, or 208.7 feet by 208.7 feet. For visuality purposes, an acre is most often compared to the size of a football field - not counting the two end zones, which are each 30 feet in length. Now try to envision one square mile, which is equal to 640 acres!

Back to Top

What does an appraisal mean?

An appraisal is an estimate of the value of a certain property by a qualified, independent individual.

Back to Top

What is an appraised value?

An opinion of a property’s fair market value, based on an appraiser’s inspection and analysis of the property.

Back to Top

What is a survey?

A survey is an examination of a property's boundaries to determine the quantity of land, location of improvements, and other information. The surveyor includes a map or drawing of the legal boundaries of the property.

Back to Top

What is equity?

Equity is the financial interest or cash value of your home, minus the current loan balance(s). If selling the home, this would also be minus any costs incurred in selling the home. If you are buying a home and don't have very much money for the down payment, you may want to find out if the seller would be interested in "sweat equity". This would allow you to perform the labor on any needed repairs and maintenence to the home, (such as outside repairs, painting or electrical work) in exchange for credit towards closing costs.

Back to Top

What is title insurance?

Title insurance is insurance that protects the lender and buyer against any losses incurred from disputes over the title of a property.

Back to Top

Besides making my monthly mortgage payment, how can I build equity into my house?

When making your monthly mortgage payment, try to send a little bit more than required. The extra will go directly to the principal of the loan rather than the interest. Even an extra $50.00 per month can quickly build your equity, as well as knock years off your loan.

Back to Top

15.47 Acres, Fruitvale, TX
3 Acres just east of Grand Saline
1 Acre - Commercial

Texas Real Estate Commission Information About Brokerage Services
Texas Real Estate Commission Consumer Protection Notice
e-mail me