Lance Bertolino's Blog

Follow Me@LanceBertolinoView My Profile
(713) 805-7145

Client Experience Rating    5.00/5.0       Based on 9 Surveys out of 18 Transactions   View Rating Detail
REALTY ASSOCIATES
        EMAIL ME        1223 Antoine Drive, Houston, TX 77055     Phone: (713) 464-0700     Fax: (800) 431-9440
Lance provides real estate services as both a Realtor with Realty Associates and as a Property Tax Consultant with RTR Realty Tax Resources LLC, of which he is the President and CEO. Lance is also a Homes for Heroes Affiliate Realtor and currently holds a Master Peace Officer License with the State of Texas.
AUG
27
 

New rules for homestead exemptions in Texas

Friday, August 26, 2011

The fastest way to a tax cut is to get a homeowner's exemption for your house. But the application process is about to get a little tougher.

Right now to get a homestead exemption is very easy to get, you sign the application and that's it, but starting in September, home buyers will have to follow new rules and provide more proof.

Beginning next month, individuals seeking to apply for a homestead exemption in Texas will need to comply with a new application process.

The recent session of the Texas Legislature imposed rigorous new standards of mandatory disclosure for those property owners who apply for any one of several kinds of homestead exemptions starting September 1.

In order to receive a homestead exemption for property tax purposes, applicants must now provide a copy of their Texas driver's license or Texas state-issued identification card and a copy of their vehicle registration receipt with their application for a homestead exemption.

Moreover, the addresses shown on each of the documents must be the same as the address for which the homestead exemption is sought, according to Harris County Chief Appraiser Jim Robinson.

Those who do not own a vehicle will be required to submit a notarized affidavit certifying that fact and provide a copy of a current bill received from a utility company. The address on the utility bill must be the same as the address on the application for a homestead exemption.

"The Legislature has closed loopholes in disclosure that allowed some citizens to obtain homestead exemptions on more than one property," Robinson said. "The Legislature has also authorized central appraisal districts to gain access to the database of the Texas Department of Public Safety so that differences in addresses reported for driver's license and property tax reasons can be audited electronically."

The new requirement that takes effect on September 1 is required for any one of the several ways property owners can qualify for a residential property homestead. These include the following: 

  • General residential exemption
  • Over-65 exemption
  • Disability exemption
  • 100% disabled veterans exemption
  • Extension of exemption for a surviving spouse
  • Exemption for manufactured (mobile) home

Each of the programs cited above have additional requirements for qualification. However, the common standard is that all such applicants must provide the additional documentation as noted before regarding driver's license, Texas issued identification card, motor vehicle registration, and utility billing receipt.

For those seeking homestead exemption status on a manufactured home, the applicant must also provide documentation as noted below: 

  • Statement of ownership and location issued by the Texas Department of Housing and Community Affairs
  • A copy of the purchase contract or payment receipt that the applicant is the purchaser of the manufactured home, OR, a sworn affidavit that:
    • The applicant is the owner of the manufactured home
    • The seller of the manufactured home did not provide the applicant with a purchase contract, and
    • The applicant could not locate the seller after making a good faith effort

In order to avoid confusion, the modified homestead exemption form and the referenced affidavits will be posted on the effective date of the new legislation (September 1) on the website of the Harris County Appraisal District atwww.hcad.org.

Applications dated and submitted to HCAD by August 31, 2011 will be processed under the pre-September 1 guidelines.

(Copyright ©2011 KTRK-TV/DT. All Rights Reserved.)
AUG
5
 A survey conducted by psychologists at Duke University suggests some helpful ideas (click the link):

http://www.stagedhomes.com/PDF/Duke%20University%20ASP%20Home%20Staging%20Study.pdf
JUL
23

Bubble Radar -by Dr. Ali Anari
from Tierra Grande, the Texas A&M Real Estate Center's publication

This article provides an insight to the housing bubble and indicates that our Texas markets weather it well.
http://recenter.tamu.edu/pdf/1972.pdf

JUL
2

I found this very helpful article by Stephen Fishman of Inman News and wanted to share it with you. 
http://www.inman.com/buyers-sellers/columnists/stephenfishman/get-a-tax-break-home-improvement


JUN
20

The Texas Association of Realtors sponsors this very informative website to help buyers connect with assistance programs that can help with the dream of home ownership.  Start here or contact me with any questions along the way. If you find this helpful please let others know where you found it.

http://www.txhomeprograms.org/

JUN
16
Although not completely real estate related, it does make one think about an overlooked form of pollution: light pollution.  Amazing time lapse video of what the night sky really should look like. 

http://vimeo.com/24149087
JUN
16
 From www.chron.com

TechBlog

Upgrade your geek with Dwight Silverman

Report ranks Houston’s wireless carriers in data, voice and text

On Wednesday, I wrote about an iPhone and Android app that tells you how strong a cell carrier’s data and voice services are in your area. The developer, RootMetrics, also posts reports about the overall state of wireless in a variety of major markets, and I wrote that Houston wasn’t among the cities featured on a page listing them.

But it turns out there is indeed a report for Houston.  RootMetrics released one at the end of May [PDF] that examines the quality of service in Houston provided by AT&T, Sprint, T-Mobile and Verizon. While the report highlights the companies’ 4G data networks, it also provides some eye-opening statistics about voice and texting services as well.

RootMetrics gathered the data for the report in two ways, according to spokesperson Ann Marie Ricard. Some of it was pulled from the reports generated by users of its Coverage Map app. The research company also rolled into town and spent a week conducting tests here, prowling the streets with off-the-shelf Android smartphones.

Among its findings: Verizon not only has the fastest 4G network in Houston, but it’s also faster here than in other markets RootMetrics has tested. Verizon’s LTE network kicks some serious butt, according to the report:

We recorded average download speeds that were over 3 times faster than the 2nd fastest download network (Sprint) and average upload speeds nearly 5 times faster than the 2nd fastest upload network (T-Mobile).

Where does AT&T fall in that ranking? Unfortunately, at the time RootMetrics was in town, the only AT&T phone that worked with Ma Bell 2.0?s 4G HSPA+ data network was the Infuse 4G, and it needed a not-yet-delivered firmware update to achieve true 4G speeds.

Houston Data Speeds

Verizon’s LTE network was also deemed the most reliable, with devices able to connect to it 97 percent of the time. AT&T was next with 96 percent, followed by Sprint with 87 percent and T-Mobile with 76 percent.

RootMetrics’ report notes that Verizon’s network had just been launched, with few customers and not many devices accessing it. As traffic on the LTE network increases, speeds may decrease, the report says.

The company also measured voice call service, and its tests determined that T-Mobile had failed calls 12 percent of the time, followed by AT&T at 3 percent, just over 1 percent for Verizon and less than .4 percent for Sprint. In terms of dropped calls, Houston did much better than many other markets tested, with no carrier dropping calls more than 1.3 percent of the time.

Houston Call

RootMetrics also checked SMS performance, something often overlooked in other carrier performance tests. The lowest was T-Mobile, with a text delivery time of 6.3 seconds, while AT&T pulled up the rear with a 15.8-second delivery time.

Houston Text

RootMetrics takes all these data points and uses them to generate an overall ranking. Verizon comes out on top with a RootMetrics Score of 86.2 percent.

Houston RootScore Combined

Does RootMetrics’ report jibe with your experience with your current carrier?

JUN
16
 

Is a Tankless Water Heater Right for You?

By: Joe Bousquin

Published: November 5, 2010

Tankless water heaters cut energy bills but aren’t the right choice for everyone. Here’s how to figure out if going tankless makes sense for you.

Traditional vs. tankless water heater

Traditional hot water heaters typically live in your basement and provide gallons of hot water at one time: an 80-gallon tank heats enough water to shower, run a dishwasher, and do a load of laundry simultaneously. But standby energy loss is significant with hot water heaters, and once you've exhausted the hot water supply, you’ll wait 20 to 60 minutes for the heater to cook up more.

A tankless water heater produces hot water only when you need it. When you turn on the faucet, water is heated on the spot as it flows through capillary-like pipes heated by either a powerful gas burner or electric coils. (There are no oil-fired on-demand water heaters on the market.)

Gush to a trickle

Although a tankless water heater can pump hot water all day, it can’t produce a large amount all at once. And it can snap you out of a hot shower bliss with the “cold water sandwich effect,” a sudden splash of cold water that results from turning the hot water faucet on and off repeatedly.

A traditional tank heater puts out 7.5 to 9.5 gallons of water per minute (GPM), enough to shower, run the dishwasher, and do a load of laundry all at the same time. The typical tankless water heater, however, puts out only 2.5 to 5 GPM, enough to handle only two uses at a time.

Be warned: Not all flow rates are calculated the same. Energy Star measures GPM based on a 77-degree increase in water temperature for the incoming supply, while some companies list their GPM flows at 35- and 45-degree rises. The more heat the water requires to reach the desired temperature, the slower the flow rate.

High upfront costs

A gas-fired tankless water heater system costs $1,500 to buy and install, nearly double the price of a conventional gas water heater, and $575 more than a high-efficiency tank model. In addition, while a conventional water heater typically uses a half-inch gas line, a tankless water heater requires three-quarter-inch pipe. That plumbing change costs from $25 to $40 a foot, potentially adding many hundreds to initial costs. ??On the bright side, your new energy-efficient unit may qualify for a federal tax credit of up to $300 on purchase and installation through 2011.

An electric tankless water heater costs as little as $400 installed. But it doesn’t qualify for a tax credit because it is less efficient than gas and is better suited for point-of-use applications, such as instant kitchen hot water, rather than a whole-house system.

Installing multiple units

One solution to the limited output problem is to install multiple on-demand units. Because it’s small—about the size of a carry-on suitcase—you can place a tankless water heater along any stretch of pipe--in the attic, basement, closet, or crawlspace. You can install two or three units to serve different parts of the house, or even dedicate a unit for a particular use, say a washing machine.

Multiple on-demand units increase overall energy efficiency. By bringing hot water close to where it’s needed, you reduce energy loss and increase efficiency by 50% over a conventional hot water tank system, about $165 in annual savings for an average household.

Energy and money savings

  • According to the U.S. Dept. of Energy, a tankless water heater is more efficient and uses less energy than a conventional water heater, providing a $25 to $107 in annual savings.
  • If your hot water use is low (less than 41 gallons per day), a tankless water heater will be 24% to 34% more efficient.
  • If your hot water usage is high (about 86 gallons per day), a tankless water heater is 8% to 14% more energy efficient.
  • Installing an on-demand unit at each hot water faucet gives an energy savings of 27% to 50%.

Joe Bousquin lives in Sacramento, Calif. and has written for the Wall Street Journal, Kiplinger’s Personal Finance and Men’s Journal.

JUN
6
 Yes, you correctly read the title.  Follow the link here to read this on the Houston Chronicle (w/video).

http://blog.chron.com/lorensteffy/2011/06/homeowner-forecloses-on-bank-of-america/

Although this makes one want to stand up and cheer for the little guy, it should really disturb us that the homeowner found himself in this predicament in the first place.  Lenders have been rightfully under scrutiny as of late but much more needs to be done.  Their Political Action Committees thwart most legislation before it ever hits the floor for a vote.  Tell you politicians how you feel and please feel free to post here, too. 
MAY
31




Visit houselogic.com for more articles like this.


Copyright 2011 NATIONAL ASSOCIATION OF REALTORS®




 
ARCHIVE
Zip code
Location


TOOLS
View subdivision price trends for the past 13 years, and create comparative subdivision analysis reports online.
View a list of my sold listings.
Search for information on Houston and Texas schools based on the county, district, campus and/or zip code.
Golf Course Finder allows you to search for Houston golf courses and to view properties on or near a golf course.
Search for Houston area highrises and see their comprehensive list of features and amenities.
Includes residential home sales statistics for residential properties and new homes listed by REALTORS®
Online resource center for affordable housing information
Information source for mortgage info, lenders, refinancing and more!
Providing links to valuable Real Estate news and Information.
Disclaimer: The views and opinions expressed in this blog are those of the author and do not necessarily reflect the official policy or position of the Houston Association of REALTORS®
Copyright© 2012, HOUSTON REALTORS® INFORMATION SERVICE, INC. All Rights Reserved.