Recent Posts | Blog
If you’ve ever driven by a duplex and found yourself wondering, “Is a duplex a single-family home?” you’re not alone. The short answer? No, a duplex house is not a single family property. Real estate terminology can often feel like an unnecessary riddle to solve. But to truly understand why, we need to explore the … Continued
🏠 The Truth About Real Estate Double Close in Texas 🔍 [What No One Tells You]
*updated 1-28-2025 A real estate double close in Texas isn’t some secret cowboy card trick—it’s a proven real estate strategy that investors with years of experience in the industry use to generate quick profits. This method involves purchasing a property and reselling it to a cash buyer, often on the same day. For new wholesalers … Continued
Can You Sell Property While in Jail in Texas? [Understanding Your Rights]
*updated 1-13-25 If Someone Goes To Jail What Happens to Their House? Life can take unexpected turns, and finding yourself or a loved one incarcerated is undoubtedly one of the most challenging situations imaginable. Amid the emotional turmoil and legal battles, practical concerns like managing finances and property often come to the forefront. Can you … Continued
Think You Can’t Sell Your House With Delinquent Property Taxes in Texas? [Here’s What You’re Missing]
What if the very thing holding you back from selling your home is easier to fix than you ever imagined? Many Texas homeowners assume that having delinquent property taxes means they’re stuck—unable to sell and trapped by mounting debt. But the truth is, selling your home with delinquent property taxes in Texas isn’t just possible—it … Continued
📋 Who Pays for Closing Costs in Texas? 💵 The Answer Could Change Your Home-Selling Strategy 💡
*updated 1-24-25 Texas Closing Costs Explained Who pays closing costs in Texas? The answer could save you thousands. Whether you’re a first-time buyer or a seasoned investor, understanding these expenses is an important part of any real estate deal. With closing costs ranging from 2% to 5% of a home’s price, knowing who pays what … Continued
How to Cancel a Contract with a Real Estate Agent in Texas: Step-by-Step Guide
*updated 1-6-2025 Entering into a real estate agent contract is an exciting step, marking the beginning of your home buying or home selling journey. However, sometimes the relationship with your real estate agent doesn’t go as planned and you may go the FSBO home sale route and need to cancel your contract. Whether due to … Continued
Are Cash Home Buyers Legit in Texas? [Companies That Buy Houses]
*updated 1-24-25 Cash home buyers are a legit option in Texas for a quick home sale. While selling traditionally or selling by owner (FSBO) can work, these approaches often come with delays, unexpected costs, and lots of legwork. Cash buyers, on the other hand, offer speed and simplicity—no staging, no repairs, no waiting for slow … Continued
Are Probate Sales Cash Only? [Avoid These Common Pitfalls in Texas Probate Sales]
*updated 1/8/25 Are probate sales restricted to cash-only buyers? The short answer is no, but cash sales are often preferred due to their simplicity and speed. This guide breaks down the process of selling a probate property in Texas and explains why many executors choose cash buyers to streamline this challenging process Understanding Probate in … Continued
If a Property is in Trust Can it Be Sold in Texas?
*updated 12/3/24 Understanding Property Held in Trust in Texas In Texas, placing a house in a trust is a common way to manage and protect property. By holding property in a trust, it isn’t directly owned by an individual but instead by a legal entity—the trust itself. This arrangement offers benefits such as asset protection, … Continued
Can I Sell My Deceased Parents House Without Probate In Texas? The Surprising Answer in 2025.
*updated 1-9-2025 After losing a parent, many people face tough decisions about their estate. One common and understandable question is, ‘Can I Sell My Deceased Parents House Without Probate?’ In Texas, the answer is yes—but only under specific conditions. Options like Transfer on Death Deeds or affidavits of heirship can help you sell the probate … Continued
What does ARV Mean in Real Estate? [Insider’s Guide From Over 2800 Transactions in Texas]
*updated December 2, 2024 ARV Meaning in Real Estate? When it comes to real estate investing, ARV meaning is “after repair value,” and it’s a crucial metric. It represents the projected future value of a property after necessary repairs are completed. Understanding ARV is essential to maximizing your potential profit margin and making informed decisions … Continued
Writ of Possession in Texas: What It Means for Landlords and Tenants
Going through an eviction process can be tough for everyone involved—whether you’re a property owner trying to get your rental unit back through a writ of possession or a tenant who’s worried about where to go next. In Texas, the final step in the eviction process grants landlords the legal right to regain possession of … Continued
Residential Transition Loans: A Guide for Real Estate Investors
A new acronym in real estate is being popularized. Do you know the meaning of RTL? The definition is “residential transition loans” and large institutional players are coming into this niche investing space. These lending products offered by financial services companies like CoreVest, Backflip, or Rain City Capital are crucial short-term financing options for real … Continued
Understanding Preliminary Title Reports: What Texas Homebuyers Need to Know in 2025
*updated 1-28-2025 What is a Preliminary Title Report 2025? If you are in the real estate market to buy or sell your home, perhaps you have asked yourself this question. A preliminary report is issued during due diligence and closing, outlining what will and will not be covered under the future title insurance policy. It … Continued
HOAs Should Be Illegal in Texas [Should Your HOA Be Abolished?]
**Updated 1-15-2025 Are you currently living in a Homeowners Association (HOA) in Texas? Are you thinking about moving into one? Maybe you are merely researching the subject. Regardless, it is important to know how these organizations are affecting the people within their communities not only in Texas but throughout the United States. It is imperative … Continued
Lender Required Repairs [What You Need to Know for FHA, VA and Conventional Loans]
*Updated 1-6-2025 You are excited to close the deal on purchasing your first home in Texas, whether through a traditional listing or through a direct purchase from a homeowner. However, during the process, you conduct a home inspection as required by your local DFW loan provider. After the home inspection is done, you are made … Continued
How Do I Get Rid of Old House Smell? [Find Out the Secret Tool We Use To Eliminate Bad Smells]
Got an old house smell that you need help with? It is a common occurrence for many homeowners to encounter mildew and musty smell problems in their houses that causes that old home smell. While detecting the musty old house smell is relatively easy, understanding their causes, identifying their sources, and getting rid of the … Continued
What Is A Triplex? [PHOTOS]
The one-to-four family residence is long a staple of residential real estate investors. In fact, the multi-family home has distinct advantages in terms of taxation and revenue, even when the owner is following the Bigger Pockets house hacking philosophy and occupies one of the units and creating rental property income with the other cash flowing … Continued
Wholesale Real Estate in Texas [Insider’s Guide to Wholesaling Distressed Properties]
What does a Texas wholesaler do? *Updated 10-28-2024 Wholesale real estate is an investing strategy that has gained significant traction in the housing market, especially in Texas. But what is wholesale real estate in Texas? At Bright Bid Homes, we have a unique perspective to offer as we are active real estate wholesalers in the … Continued
What Is a Fourplex? Quadplex? 4plex? [PHOTOS]
*Updated 1-7-2025 A quadplex is a type of multifamily property with four separate units, each with its own entrance and utility setup. By definition, quad plex means four units or parts. Each section of the apartment building and housing structure must be a complete unit and have a separate, lockable front door. Quadplexes, also called … Continued
Ultimate Guide To Section 8 Housing Texas [Insider’s View]
What is Section 8 Housing In Texas? Housing affordability has become a major challenge in Texas and throughout the country. The Section 8 housing and rental assistance program is officially known as the Housing Choice Voucher Program, but most tenants, landlords, investors, and even regulators refer to the HCV program as section 8 housing. The … Continued
Capital Gains Tax in State of Texas [Why Investors Love Texas]
*** Update 9-24-2024 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, … Continued
What is Real Estate Option Fee? Option Period in Texas?
*** Updated 9-6-24 Howdy real estate investors! Here is an real estate insider trick of the trade. Use the option period in Texas and strategic use of option fees to protect yourself when either home buying or home selling. Let us explain. The option period can play a significant role in bringing peace of mind … Continued
FHA Flip Rule: Guidelines And Exceptions For House Flipping 2024 In Texas [GUIDE]
*Updated 6-17-2024 Understanding FHA Flip Rule 2024 Got ambition to become the next Texas HGTV star? Want to become a flip home expert? Well, this comprehensive guide to flipped homes guide is for you! To start, a deep understanding of the FHA flip rule, particularly the 90 day flip rule, is crucial. This regulation is … Continued
Real Estate Mastermind Groups: Should I Pay For A Mastermind Group? Join A REIA? [Guide]
*Updated 8-8-2024 Finding the right real estate mastermind groups is a key ingrident in making money through real estate deals. The right group of like-minded individuals and curious real estate investors is a powerful combination. can help you build wealth and raise your skills in remodeling, housing market analysis, and handyman home improvements to use … Continued
What is a Duplex House?
*Updated 1-14-25 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 offer a … Continued
Selling a House on Craigslist in Texas
***Update 1-7-2025 Selling a house in Texas by owner (aka FSBO homes) is a significant decision, and finding the right platform for your property listing to sell your home yourself can be daunting, often confusing, but potentially very profitable. While many opt for a traditional real estate companies or online marketplaces dedicated to selling houses, … Continued
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 Sellers Credit? [PHOTOS] What Are Seller Concessions?
*Updated July 22, 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’s 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 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 even if its via traditional financing or FSBO or probate sale. … Continued
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 [Texas Insider’s Guide]
*Updated January 6, 2025 What Needs To Be Repaired When Selling a Home: A Comprehensive Guide Selling your home often involves making tough decisions about which repairs are truly necessary. While some renovations can boost your home’s appeal and selling price, others might not yield a significant return on investment. Knowing what not to fix … Continued
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
Will Home Prices Drop In Texas in 2024? Will Austin Housing Market Crash Continue?
*Updated June 25, 2024 Texas Housing Market Tumbles As we enter in the heart of the summer of 2024, the Texas housing market tumbles and rumblings are growing louder, resonating through from Dallas to Austin Texas. Homeowners and potential buyers are left pondering critical questions: Is there a Texas housing market crash looming? Is it … Continued
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
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 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
Squatter Law in Texas: Understanding Squatters Rights in Texas 2024 [Photos]
*Update 10-16-2024 and available en Espanol In our continuing series called The Tired Landlord, next up we tackle the clash between squatters and homeowners and how it presents a complex Texas-sized legal term headache. First, let’s define what is a squatter? A squatter is a person who is occupying someone else’s uninhabited property to make … Continued
🏠🔥This is How You Can Sell Fire Damaged Home in Texas Fast and Hassle-Free 💵⚡
*updated 1-24-25 Imagine selling your fire-damaged home for cash without lifting a finger. If you’re dealing with the heavy financial and psychological toll of a fire damage house, there’s a solution that saves you time and stress. You can sell fire damaged home in Texas as-is and walk away with cash in hand. Let us … 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
The Tired Landlord: Should I Offer Rental Concessions To My Tenant?
Landlords are showing signs of bending backwards, and it’s not just to fetch that pen they dropped behind the desk. Rent concessions and discounts are starting to pop up in the for lease market, and many homeowners are thinking, “Are you over it? Is it time to sell my house fast?” Let’s take a deep … Continued
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
The Tired Landlord Series: My Tenant Didn’t Pay Rent This Month in Texas. Now What?
Landlords dread it: The rent due date has passed, yet the rent payment hasn’t arrived. Particularly in the DFW (Dallas-Fort Worth) area, where property taxes and maintenance costs can be significant, this can be quite stressful. You might be grappling with your mortgage and other bills, yet your tenant has left you high and dry. … Continued
Why Your Texas Home Needs Gutters (We’ve Seen What Happens Without Them)
Do You Need Gutters in Texas? *updated 1-7-2025 Texas is a large state with vast terrain so as Texans we are no stranger to a gamut of weather extremes—from scorching, hot summers to the occasional, yet intense, heavy rainfall and thunderstorms. While these conditions make for an eventful climate, they’re not always friendly to the … Continued
How to Stay in Your Home in DFW After Foreclosure.
How to legally stay in your house after foreclosure has already happened.
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
How Do I Evict a Tenant in Texas? A Step-by-Step Guide for Landlords.
How Do I Evict a Tenant in Texas? * * updated 1-7-2025 Evicting a tenant is a challenging process that requires landlords to follow specific legal procedures. Texas eviction laws and procedures are strict and adhering to due process is necessary for handling the removal of a tenant from real property. Further landlords must comply … Continued
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
What If House Prices Fall? Here’s What Homeowners Can Do to Prepare…
Why selling your house might just be the best decision you'll ever make. So, take a deep breath, relax, and let's explore the possibilities together.
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
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 1-6-2025 Are you thinking about diving into the Texas for sale housing market? Eager to sell fast? With the right marketing strategy and understanding current market trends, selling homeowners can find potential buyers and turn your house into a bright opportunity. If working with a real estate professional, they can find out the most … Continued
What Texans Often Overlook When Estimating Repair Costs to Sell a House
*Updated 1-6-2025 Home repair costs are an essential part of the home selling process either the traditional way or if you go FSBO without a realtor. The process and selling experience can be nerve-wracking for many Texas homeowners when it’s time to sell. Yet, by tackling this challenge proactively, you can gain a clear understanding … 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
The Best Time To Sell A House In Texas 2025 [Top Month To Sell]
** Updated December 2, 2024 The Best Time to Sell a House in Texas in 2025 If you’re planning to sell a house in Texas in 2025, timing is everything. Over the past year, the Texas housing market has shown resilience despite shifting economic factors and rising cost of living, making it crucial to understand … Continued
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
Can I Sell My House If It Is In Foreclosure?
Understanding the foreclosure process in Dallas Fort Worth area. Your options..
How to Sell Your House Without a Realtor in DFW: Your Ultimate Guide
How selling without an agent works
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
How To Sell A House Fast in A Slow Market in Texas [Guide for 2025]
The goal of every homeowner putting their house on the market is to secure a quick sale at a top price. However, in a slow market, additional tactics may be needed.
Home Bedroom Refresh [Transform Your Space with Simple Changes]
Transform Your Bedroom into a Blissful Sanctuary A bedroom is a place of relaxation and rejuvenation. Well, it should be at least! If your bedroom doesn’t invite such feelings, it may be time to give it a fresh new look. Creating a place of blissful relaxation doesn’t necessarily require a complete overhaul; sometimes changing a … Continued
¿Qué es crédito de vendedor? [FOTOS] ¿Qué son las concesiones de vendedor?
¿Alguna vez deseaste tener más dinero al cerrar una transacción inmobiliaria? Los créditos y concesiones para vendedores podrían ser la respuesta para tener más dinero en tu bolsillo en la tabla de cierre. Un crédito de vendedor, también conocido como concesiones de crédito, o asistencia de vendedor, ofrece flexibilidad y potenciales beneficios en las transacciones … Continued
Small Space Bathroom Design Ideas [Transform Your Bath in 2025]
*updated 1-7-25 Is your small bathroom cramping your style? You’re not alone. Many homeowners feel limited by their (in some case teensy!) spaces, but the good news is that a small bathroom doesn’t have to mean small ideas. With the right decor and design ideas as well as design strategies, you can for sure create … Continued
Selling a House in an Irrevocable Trust Before Death in Texas
*updated 1-7-25 When it comes to selling a property in Texas, dealing with irrevocable trusts often raises questions and concerns. In our previous articles, we covered the basics of selling homes involved in Texas probate and those held within trusts. These discussions sparked curiosity among our readers about the complexities surrounding irrevocable trusts, prompting us … Continued
Probate Process Basics: Understanding Overbidding
The answer to the often-asked question “Can a house be sold while it is in probate in Texas?” is “Yes”, but as is true of any home sale, you must adhere carefully to Texas laws and regulations. The process involves specific legal procedures, and one unique twist and turn to be aware of is overbidding … Continued