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Messing This Up Could COST You on Your New Construction Home | Avoid This New Build Mistake!

Zak Schmidt- Dallas Texas New Construction Homes

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As you prepare to buy a new construction home, it’s crucial that your lender sets up the appropriate escrow account for the property taxes you’ll need to pay. In Texas especially, property taxes make up a big part of your home payment, and if they aren’t set up right, it could cost you a TON!
Join me as I share the ins and outs of property taxes and how you and your lender can set up the right payment plan to ensure you don’t run into any trouble after buying your new construction home.
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Messing This Up Could COST You on Your New Construction Home | Avoid This New Build Mistake!
#mistake #newconstructionhome #zakschmidt

Опубликовано:

23 мар 2024

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Комментарии : 13

@user-iu6nj1gw3c 2 месяца назад

Zak! Thanks for all the ins and outs of buying home tips! I have learned a lot!

@dmavs4131 4 месяца назад

Happened to me. Total payment went up from $2800 to $3800 to account for the shortage. Once I got my homestead approved it’s now at $3400 but still. A $600 monthly increase is not fun.

@zakschmidt-DallasTXrealestate 4 месяца назад

Ouch. No kidding zero fun on that end. I know a lot of people are going up because of increased county values and higher insurance premiums but its still important to try and do whatever you can to keep it as small a number as possible. The other good thing about the homestead here in Texas is it puts a cap on the year over year increase the county can increase your value by.

@ma_n8tive413 4 месяца назад

Zak, when we go to apply for homestead exemption, won’t they ask how much we paid for our house? So the NDA will be moot, won’t it?

@zakschmidt-DallasTXrealestate 4 месяца назад

Nope! Just relooked at the form to make sure. No where on that form can I find them asking for a purchase price.

@chrismaronen 3 месяца назад

I would love to schedule a phonecall im building a home currently in inspiration second home , i would love some more information regarding this video but without a escrow . Im sure your busy but would love the info (:

@zakschmidt-DallasTXrealestate 3 месяца назад

Sure thing. shoot me an email at hello@zakschmidt.com and we can set something up

@cacrent87 4 месяца назад

Very informative! Thanks the information:)

@zakschmidt-DallasTXrealestate 4 месяца назад

Glad it was helpful!

@MpotaMazala 4 месяца назад

Great content Zak.

@zakschmidt-DallasTXrealestate 4 месяца назад

Glad you enjoyed it

@davidcollins1787 4 месяца назад

Thank You so much. Means a lot to me. Purchasing a habitat home with a VA loan and the taxes for the property depends on the town of property. Each town has different tax breaks for Veterans

@zakschmidt-DallasTXrealestate 4 месяца назад

Yes it can vary by county, at least here in Texas. Make sure your lender is calculating for the right number. best of luck. Here to help any way I can.