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what are capital gains tax state of texas

Ultimate Guide to Capital Gains Tax in State of Texas

Understanding capital gains taxes in Texas is crucial for anyone involved in buying and selling of real estate or any form of investments, whether they be in assets like stocks, bonds, or a Texas house. While federal capital gains tax rates and rules apply uniformly in other states across the United States, each state has … Continued

Option Period in Texas: Guide To Option Fees In Real Estate

Option Period Meaning The option period definition is a set amount of time that potential buyers and sellers alike agree to in a Texas real estate transaction where a sales price has been established but before any earnest money deposit has been made. During this option pending time, the buyer can access the property for … Continued
real estate investors near me

Real Estate Investment Groups: Should I Join A REIA? [Guide]

*Updated 6-25-2024 Making money through real estate deals can help you build wealth and put your skills in remodeling, housing market analysis, and handyman home improvements to use all at the same time. Whether you want to work in this field full time or view it as a side hustle, it can provide an exciting … Continued
what is a duplex

What is a Duplex House?

*Updated June 1, 2024 The dream of Texas homeownership often comes with the burden of hefty mortgage payments. But what if you could live in your own home and have someone else help cover the costs? That’s where a duplex for sale, a type of multi-family home, comes into play. These unique residential investment properties … Continued
sell my home craigslist

How to Sell a House on Craigslist in Texas

Selling a house in Texas by owner is a significant decision, and finding the right platform to list and sell your property can be daunting and often confusing. While many opt for traditional real estate agents or online marketplaces dedicated to selling houses, remains a viable and effective option for many homeowners that can … Continued
condemned house meaning

Selling A Condemned House In Texas: A Comprehensive Guide

What Is Condemned House Meaning in Texas? Owning a condemned house in Texas can be an overwhelming experience, but don’t worry – this guide will explain your options and put you back in control. The declaration from a Texas government entity that your property is unfit for habitation triggers not only stress but initiates a … Continued
what is seller credit

What Is Sellers Credit? [PHOTOS] What Are Seller Concessions?

*Updated June 23, 2024 Ever wish you had more money at a real estate closing? Seller credits and seller concessions might be the answer to get more cash in your pocket at the closing table.  A seller credit, also known as seller concessions, or seller assist, offer flexibility and potential benefits in real estate transactions. … Continued
who can put a lien on a property

Who Can Put A Lien On A Property in Texas?

A lien on a property is a serious property owner issue and makes selling a house in Texas challenging.  Property liens are complicated legal instruments that can significantly impact homeowners, home buyers or sellers, mortgage lenders, and others in the home for sale process. This comprehensive guide explores the essential concepts surrounding property liens in … Continued
Selling A Home With Old Roof

Selling A Home With An Old Roof

As you prepare to list your home for sale, you might be contemplating whether to repair an old roof that is deteriorating and maybe even a leaky roof is essential before the transaction. Understandably, you don’t wish to burden the new homeowner with a problematic property. Yet, money constraints might prevent you from undertaking costly … Continued
What Not To Fix When Selling A House In Texas

What Not To Fix When Selling A House In Texas

*Updated June 25, 2024 Seller’s dilemma: What Not To Fix When Selling A House? To fix or not to fix? That is the question that Texas homeowners and sellers want to know the answer to. Selling a house in Texas can be like wrangling a herd of longhorns when it comes to deciding which repairs … Continued
brrrr method texas

What Is BRRRR Method Of Investing in Texas?

What Is BRRRR Method Of Investing in Texas? The BRRRR strategy for real estate investing in Texas is an amazing way to build a portfolio of rental properties and create long-term personal wealth.  Our team at Bright Bid Homes are strong advocates of the BRRRR method by Bigger Pockets who provides a great foundation to … Continued
We buy water damaged houses in Texas

How To Sell A House With Water Damage in Texas

The saying that water is the key to life is so true. Unfortunately, when it comes to your home, unwanted or undetected water from leaks and pipe bursts can lead to costly and time consuming repairs needed. Dealing with a burst pipe during a harsh winter freeze can significantly disrupt your life and impose a … Continued
Sell my house during divorce in Texas

How To Sell A House During A Divorce in Texas

Embarking on a new chapter in life, especially during a divorce, often involves significant decisions, one of which may be to sell your house in Texas. If you’re navigating this pivotal change, we’ve prepared a more detailed guide to divorce following up from our blog post with on fast tips for selling during a divorce. … Continued
does irs know if i sold my house

Does IRS Know If I Sold My House Cash?

In the realm of real estate transactions in Texas, especially those involving the exchange of large cash sums, a critical question often emerges for those looking to sell their house for cash: “Does the IRS know when I sell my house for cash in Texas?” This query not only addresses the concern of privacy but … Continued
Buckling floors are sign of foundation problems in DFW Texas

Is Your Texas Foundation Ready for the Change of Seasons?

Ah, Texas—the only place where you can experience all four seasons in just 24 hours! From hot Texas summers to chilly autumn mornings, we Texans are use to it all! But while your wardrobe might adjust easily to these climatic gymnastics, your home’s foundation in Texas is a different story altogether. Here’s the dirt (pun … Continued

How To Sell Your Texas House For Fast Cash

In the volatile real estate landscape throughout Texas, homeowners are still managing to secure good deals for their properties, despite the challenges of sky high interest rates. Gone are the days when simply planting a “For Sale” sign in your front yard could yield multiple lucrative offers to sell by evening. Today’s economy is volatile, … Continued
We buy fire damaged houses for cash

How To Sell A Fire Damaged House in Texas

Experiencing a house fire is an emotional ordeal, with firefighters breaking down doors, and leaving many Texas homeowners with a wide range of questions, frustrations, and uncertainties about the repairs and damage restoration ahead. Questions abound from the simple like what do I do now with my fire damaged house? Does my homeowners insurance cover … Continued

How to Find the Best Real Estate Agent in DFW?

Finding the right real estate agent in DFW can be a daunting task. With so many options available, it’s important to take the necessary steps to ensure you find a reputable agent who is a good fit for your specific needs. In this article, we will provide valuable insights on how to choose the best … Continued

Top 10 Reasons Houses Don’t Sell Fast

When it comes to Texas real estate and especially in the Dallas and Fort Worth housing market, we all want to sell our houses fast without any headaches.  It’s generally thought that every property has a buyer in waiting — if the price is right. However, several factors can dramatically hinder the home for sale … Continued

How To Navigate The Home Selling Maze In DFW

Taking the leap to sell your home can be an intimidating venture, often fraught with an array of twists and turns, time-consuming obligations, and notable expenses. The complex decisions required can quickly turn into an overwhelming headache. Additionally, comprehending the labyrinthine contracts and legal paperwork can prove daunting, thus it’s often a relief to have … Continued

Ewww!! How Can I Tell If My House Has Roaches?

The thought of having cockroaches in one’s home is universally unsettling. For DFW residents, with the area’s warm climate, the battle against these pests can be even more challenging. Not only are roaches known to spread diseases, but they can also quickly turn a minor issue into a full-blown infestation nightmare. The first step in … Continued
Benefits of cash home buyers

Discover the Top 5 Benefits of Cash Home Buyers

If you’re in the DFW area and you’re pondering, “I need to sell my house fast,” you’re in luck. Bright Bid Homes specializes in offering cash for houses, and we can make the selling process a breeze. This article will walk you through the top 5 benefits of cash home buyers. 1. Speed is of … Continued

AirbnBUST: Don’t Screw Up Your Life With an AirBnb says Dave Ramsey

Dave Ramsey, a leading voice in financial wisdom, recently dropped a cautionary tale about the potential downsides of turning residential properties into Airbnb rentals. Whether you’re in DFW and in other regions of Texas, this advice is crucial. Today, we delve into Ramsey’s insights and explore more stable alternatives for those looking to sell their … Continued

The Tired Landlord Series: What Is A Notice To Vacate in Texas?

Ah, the joys of being a landlord! If you’re reading this, chances are you’ve probably dealt with problematic tenants and thought, “I just want to sell my house fast and be done with it.” From late rent payments to violations of the lease agreement, there’s a never-ending list of stressors. For tired landlords in DFW … Continued

Should I Put a Soaker Hose Around My House Foundation in Texas?

The foundation of your home is a critical component, crucial for the overall structural integrity and safety. If you are a homeowner in the Dallas-Fort Worth (DFW) area of Texas, you’ve likely heard of or experienced the frequent need for foundation repairs. One preventative measure gaining traction in this regard is to simply water your … Continued
tired landlord

What Is A Tired Landlord? [GUIDE] Are You On The Tired Landlord List Texas?

*updated June 25, 2024 Introducing “The Tired Landlord Series”: Your Guide to The Four T’s – Tenants, Toilets, Trash, and Taxes Why We Are Starting “The Tired Landlord Series“ Inspiration to launch “The Tired Landlord Series” after a recent Google review post caught our eye. In it, one of our satisfied homeowners gave a honest … Continued

What Is Foreclosure Notice Of Default In Texas?

You just received a foreclosure notice of default and want to know what the heck is going on, keep reading… First, it’s imperative that you know you’re not alone in this. According to the Mortgage Bankers Association, approximately 250,000 homeowners are foreclosed upon each year. But remember, not all notices of default end in actual … Continued

Foundation Repairs in DFW: Why This Summer is the Breaking Point for Many Homes

Hello, DFW homeowners! If you thought Summer 2023 was unbearably hot and dry, your home’s foundation is probably nodding in agreement. According to the National Weather Service, this past summer was the third-hottest and fourth-driest in North Texas history, with an average temperature of 88.7 degrees and only 1.25 inches of rain. Such extreme conditions … Continued

Why Is My House Not Selling in a Strong Market?

Here Are 10 Likely Reasons Why Your House Is Not Flying Off The Shelf Ever caught yourself thinking, “In this booming DFW market, I just want to sell my house fast! So, why is that easier said than done?” You’re not alone in this Texan tango. Read on for the top 10 plot twists that … Continued
Texas water foundation

Watering Foundation Myth: Should You Water Your Foundation In Texas?

Watering Foundation Myth In Texas *updated 6-27-2024 Don’t believe in myths. The watering foundation myth is simply wrong. In real life, watering a foundation is the hidden hero against the evils of persistent hot dry weather to prevent property damage. By watering a foundation in Texas to keep surrounding soil moist and surface damp, you … Continued
Sell your house fast and easy with our no obligation cash offer!

How to Sell Your House to a Cash Investor in DFW

The concept of home ownership has seen a seismic shift since the 1950s. Gone are the days when people would purchase a house with plans to create an ancestral home, passing it down through generations. Nowadays, first-time homebuyers often view the acquisition of property as a strategic decision, a stepping stone towards future goals, rather … Continued

Good Signs Your House Will Sell Fast

*Updated 6-6-2024 Are you thinking about diving into the Texas for sale housing market? Eager to sell fast? With the right strategy, we can find potential buyers and turn your house into a bright opportunity. Don’t leave it to luck in the real estate market! Find out the most important factors to intrigue prospective buyers, … Continued
Airbnbust DFW reasons why bust happening

What is AirBnBust? Reasons Why Short-Term Rental Owners Are Worried About A Bust.

*Updated May 20, 2024 Airbnb has revolutionized the way homeowners in various parts of the globe, particularly in the Dallas-Fort Worth (DFW) area, perceive their property value. Once considered mere residential spaces, these homes transformed into income-generating short-term rentals (STR). Yet, as market dynamics shift, pointing towards a possible “Airbnbust” era—a downturn in the demand … Continued

Got Foundation Cracks? Welcome to the DFW Summer Club!

Remember those iconic “Got Milk?” ads? Now, venture through many cities of DFW like Garland, Mesquite, or Plano and the question becomes: “Got Foundation Cracks?” This isn’t just a quirky ad spinoff; it’s the lived reality for many in the DFW area. If these foundation problems and tales of stress hit close to home and … Continued

How To Estimate Repair Costs When Selling Your House in Texas

Home repair costs are an essential part of the process when it’s time to sell your home, a process that can be nerve-wracking for many homeowners. Yet, by tackling this challenge proactively, you can gain a clear understanding of the total financial burden of necessary repairs. We dove into this issue on a recent blog … Continued

What is Seller Financing?  Can I Seller Finance in DFW?

Buyers Are Getting Mortgage From an Unlikely Source: The Seller of Their House Amidst soaring mortgage rates, a creative method of selling your house and financing home purchases is starting to capture the attention of buyers and sellers alike. Known as “seller financing,” this alternative approach to financing property transactions is becoming increasingly popular and … Continued

When Is The Best Time To Sell A House In Texas in 2024?

** Updated March 19, 2024 How about some fun real estate market trivia to start your home selling journey… what is the best month to sell a house for the highest return? Hint…hint…the best month to sell a house is not what it used to be!  Did you guess right now?  Or maybe you guessed … Continued

What’s The Key Factor To Sell A House Fast in Texas?

Pssst!  Wanna hear a Texas real estate secret?  Everybody loves a good secret and pro tip, right? A recent article in Wall Street Journal unveils the secret to what today’s homebuyers want.  Can you guess on how to attract buyers in your local market? Yup, it has to do with high mortgage interest rates, limited … Continued
Sell my house during divorce in Texas

Tips For Selling Your House During A Divorce In Texas

In the emotional maelstrom of a divorce, selling your home in Texas can feel akin to piloting through a tumultuous sea. With this guide, we aim to demystify the process of divorce, illuminating key steps and important factors, in a bid to transform this seemingly arduous journey into a smoother ride. Divorce Is Stressful Enough … Continued
legit cash home buyer in Texas

Are Companies That Buy Houses For Cash Legit in Texas?

As you navigate throughout Texas, you may come across billboards advertising companies buying houses, often pitching, “We Buy DFW Houses!” or offering “Cash For Houses”. Such bold and assertive statements might have you wondering about the credibility of these Texas all cash home buyers. Are companies that buy houses for cash legit? Which is the … Continued
Seller Financing

I Inherited a House, What To Do? – Should I Rent or Sell in DFW?

First and foremost, our condolences on your loss. This period can be a very trying time for many reasons, and handling property matters can be challenging even in the best of circumstances. You’re likely wondering, “I’ve received a house inheritance, what should I do with this property?” Should I rent it out? Should I put … Continued

Who Inherits House If the Surviving Spouse Is Not on Deed?

In matters of estate planning and property ownership, it is crucial to understand the legal implications that can arise if a surviving spouse is not listed on the home deed. A recent article published by USA Today highlights the potential complexities and challenges faced by individuals in such situations. In this blog post, we will … Continued
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