unmarried couples property rights

It has been said that falling in love consists of uncorking the imagination and bottling the common sense, and for many couples, buying a house together is an experience driven by excitement and emotion, especially in a market as hot as ours.

When a married couple in Texas buys a house, community property laws offer each person equal rights, responsibilities, and protections for their investment. But with more than 12 million unmarried partners living together in the U.S., and almost 13 percent of those being same-sex couples unable to get married in some states, it makes sense that the number of unmarried couples buying a house together is increasing.

For the unprepared couple, buying a house may mean buying trouble, too, as they fail to plan for the possibility of the relationship failing.

Dallas Realtor Franceanna Campagna has observed that firsthand with her clients.

“The home buying process is such an exciting and usually happy one, particularly for the first-time homebuyers, that people don’t like to drag in the three Ds of real estate: death, disaster, or divorce,” Campagna said. “However, I always advise clients that financial planning and estate planning is the best way to protect themselves and their investments from future unknowns.”

(more…)

Real Estate Story

As the Dallas-Fort Worth area grows and suburbs develop, many people wonder about the advantages of buying a new versus preowned house. We’ve put together a handy infographic for you, outlining the advantages of each. What’s your opinion?

New versus preowned home

 

 

It has been said that falling in love consists of uncorking the imagination and bottling the common sense, and for many couples, buying a house together is an experience driven by excitement and emotion, especially in a market as hot as ours.

When a married couple in Texas buys a house, community property laws offer each person equal rights, responsibilities, and protections for their investment. But with more than 12 million unmarried partners living together in the U.S., and almost 13 percent of those being same-sex couples unable to get married in some states, it makes sense that the number of unmarried couples buying a house together is increasing.

For the unprepared couple, buying a house may mean buying trouble, too, as they fail to plan for the possibility of the relationship failing.

Dallas Realtor Franceanna Campagna has observed that firsthand with her clients.

“The home buying process is such an exciting and usually happy one, particularly for the first-time homebuyers, that people don’t like to drag in the three Ds of real estate: death, disaster, or divorce,” Campagna said. “However, I always advise clients that financial planning and estate planning is the best way to protect themselves and their investments from future unknowns.”

(more…)

Real Estate Story

As the Dallas-Fort Worth area grows and suburbs develop, many people wonder about the advantages of buying a new versus preowned house. We’ve put together a handy infographic for you, outlining the advantages of each. What’s your opinion?

New vs preowned home infographic

 

 

2044 Hawken Front

We know Plano is hot, thanks to top-selling Ebby Realtor Cindy O’Gorman. But what if you’re not quite ready to commit to a new home to the north? Well, you can always rent before you commit!

2044 Hawken Dining

If that sounds like a good idea to you, then check out this great two-story traditional at 2044 Hawken Drive in Plano. Located just south of Legacy Drive and east of Custer Road,  this home is close to shopping, parks, and great schools — three things Plano is known for.

2044 Hawken Living

This home is a total of 2,100 square feet with three bedrooms, two and a half baths, two living areas, and fresh paint. There’s an eat-in kitchen, two-car garage, plenty of windows, and hardwood floors.

2044 Hawken Kitchen

The master suite is downstairs and features a five-piece bath, as well as large closets. That’s perfect for a family just wanting to get the lay of the land. And it’s only $1,650 a month, which is a great rate and pretty comparable to what you’d pay per month for a similar home in this area.

Hawken Master Bath

Upstairs there are two more bedrooms and a bonus area, perfect for storing toys or even a home office.

2044 Hawken Bonus Room

Does this look like the home for you? Contact Jason Lucas at Local Dwelling.