Blog

Red Team Welcomes New Team Members

Red Team Real Estate is pleased to announce and welcome two new team members, Chuck Precopia and Jennifer Wilson.

Chuck is the Broker for Red Team Real Estate. He brings 47 years of commercial and development experience to spearhead efforts in Red Team’s newly launched Commercial and Development Service offerings. Chuck has served in various commercial real estate and development positions at Zale Corporation, Greener & Sumner Architects, and Vice President of Corporate Properties for the Associates Corporation of North America. Upon leaving the corporate world in 1985, Chuck put his Broker’s license to use by heading up the Commercial Department of Century 21 McCracken Real Estate in Grand Prairie. Most recently he served as President and Broker at Client Based Properties, Inc. In addition to real estate brokerage, Chuck has worked in site surveying/platting, architectural design, construction, property management, and development.

Jennifer joins Red Team as the company’s Marketing Director. Her primary focus is building Red Team’s brand and growing our involvement in the Fort Worth community. Jennifer comes to Red Team with over 15 years’ experience in marketing, relationship management, and communications in north Texas. She graduated from Texas Wesleyan University, where she earned a Bachelor of Science in advertising and public relations.

It’s such an exciting time at Red Team Real Estate! We are blessed to have two new team members of such high caliber.  Adding Commercial and Development Services to our offerings allows us to tap into a market we’ve only spent limited time in up until now. The addition of Chuck Precopia and his wealth of experience gives us a unique edge on the Commercial Real Estate front in North Texas. Also, I know that as we grow, it’s important for Red Team to have consistent branding and messaging.  Bringing Jennifer Wilson onto the team as Marketing Director will only strengthen the Red Team brand as we continue to expand our services. As our market share continues to grow, these changes make our Red Team Agents more successful and that helps the team win,” says Michael Mayes, Owner, Red Team Real Estate.

Red Team Real Estate, established in 2012 and led by Michael Mayes, provides professional client-centric service by experienced agents dedicated to your needs. Located on the historic Magnolia Avenue in Fort Worth, our focus is on the best interest of our clients in each and every transaction, as we are dedicated to the development of long-term client relationships! Let Red Team handle all of your residential and commercial sales, leasing services, and property management. Winning. Clients.

Storm Season in North Texas with Servpro

It’s that time of year again when the cold winds from Canada and the warm winds off the Gulf of Mexico meet in north Texas to create tornadoes, heavy rain, and winds for what everyone around here knows as storm season.
For the cleanup and restoration needs on their properties following these Texas-sized storms, Red Team has a great option with Servpro. With over 1700 franchises nationwide and 40 plus in the DFW area, Servpro is the leader in the restoration industry.  Their local franchise system allows for their experienced and highly trained professionals to respond faster to emergencies.  Available 24/7 Servpro professionals are always ready to respond to calls and get to work cleaning and restoring your property.
Whether it’s a water heater that leaks in your family home, a toilet that overflows and runs all weekend affecting multiple floors in a high-rise office building or a whole town dealing with a flood Servpro, with its individual franchises and storm teams strategically placed around the country has the resources to handle any size disaster.
The best way to deal with any disaster is to be prepared.  That is why Servpro offers a free app for your phone called an ERP – Emergency Ready Profile. The ERP includes all the information you will need to access in case of an emergency and because it is on your phone it will always be with you one touch away.
Servpro of Southwest Fort Worth and Lake Arlington are a proud member of the Servpro family and have been serving Southwest Fort Worth and Lake Arlington for over ten years.  They are always available to help with any water, fire or storm damage restoration as well mold remediation and cleaning services.

Call – 817-460-7666 24/7 Or visit servproofsouthwestfortworth.com for more info

Stella Louck Beech, Historic Home Specialist

As a child in west Texas, I couldn’t wait to make the annual journey to “Cowtown”! The Fort Worth Fat Stock Show was the dream of every young farmer or rancher. Bring your finest stock, pray you would bring home a ribbon, and be the envy of all your family and friends. As years have come and gone, Fort Worth has gotten many nicknames and I love them all!

Queen of the Prairie
Where The West Begins
Panther City

Most recently – City of Cowboys and Culture, but the 2016 Fort Worth is so much more than a nickname!

With the opening of Red Team Real Estate on the famous Magnolia Avenue, there’s history all around! We want to share our knowledge of real estate (and Fort Worth) with you on your path to a bright future. The old mixed with the new gives countless opportunities to find unique spaces to live, work, and dream. My favorite homes are rich in history found in one-of-a-kind neighborhoods. My love of historic homes prompted me to recently become designated as a Historic House Specialist by Historic Fort Worth, Inc and the Fort Worth Association of Realtors.

Call me or stop by the new office and let’s find your favorite together!

– Stella

Client Spotlight: Mosquito Detective

It’s that time of year we all hate… Mosquito season. Luckily, Red Team has found a friend in Dave Russell who keeps us from being eaten alive (and chemical free) while enjoying our Texas summer.

When it comes to the Texas summertime, besides the heat, we have to deal with the irritation and frustration of mosquitoes. It’s impossible to get through dusk without making sure you’re prepared to be bitten by at least some of them. Or as we sometimes joke, the mosquitoes in Texas can be so big you have to make sure that they don’t pick you up and carry you off!

At our house, we are big time pool people and we love to entertain in our backyard. Now that the kids are out of school and the “pool is open for business,” we’re starting to barbeque outside and enjoy our deck and other backyard areas and don’t usually stop until at least when school starts again. Unfortunately, now is the time the mosquito problem is in full swing. When it comes to dealing with the problem, rather than spray DEET repellant on yourself and hope not to get bitten, we would all love to have a better solution. Enter Dave Russell, the Mosquito Detective, who has the problem solved.

With multiple prevention systems already installed here locally, Dave fights the problem by getting rid of the problem – and, even more importantly, he does this the natural way versus using the chemical approach that others use. You get to keep the bees, ladybugs, and butterflies that are good for the yard (without biting or carrying disease) while getting rid of the blood suckers that we have no use for in our yards. They sell, apply, and install an ALL natural, safe for kids, pets, and the environment mosquito repellent. They solve your mosquito problem with barrier yard sprays, backyard misting systems, and body spray-on for when you’re away from home.

With multiple sized systems and convenient solution refills, Dave has cost effective ways to resolve the mosquito mess in a way that preserves nature instead of destroying it. So if you have a pool, entertain outside every season, or just want to sit outside more without fear of the biting creatures that are everywhere, give him a call to discuss his option for enjoying outside more in Texas.

Call Dave to find out how he is saving our homes one backyard at a time…

Dave Russell
Mosquito Detective
469.657.8007
www.mosquitodetective.com
www.facebook.com/mosquitodetective

Change of Address

New Location. Same great service.

Lots of exciting changes are happening at Red Team Real Estate. Our big move to the corner of Magnolia and Lipscomb in the explosive Fairmount neighborhood is at the top of the list. In addition

to the almost 3,000 square feet of office space, we’ve grown in numbers to a seasoned team of 8 ready to serve all your real estate needs – residential, leasing services, property management, and commercial.

We had a great turnout for our open house in early May. Many complimented our blending of the old and new. Unfortunately, Stella’s horse, Lady Blu, was unable to make an appearance (as you know, she’s got a busy horse schedule).
“We’re excited to be on Magnolia where it’s such a happening place,” said Red Team owner, Michael Mayes. “My favorite moment of the move happened when the guys came to put the signs on the window. Of course, it was almost 2 o’clock on the day of our open house so that might have had something to do with it, but I was still so proud.” 
The new digs have ample office, conference, and gathering spaces with beautiful views of downtown Fort Worth and Magnolia Avenue. We’re looking forward to neighborhood events where Red Team can stay involved. If you’re in the area, please drop in, it would be great to see you!

Client Spotlight: Legacy Mutual Mortgage

“Michael has been a great business partner! He and the Red Team Property Management staff are patient and proactive. They handle each situation with dignity and class and work to ensure they are completed to their clients’ satisfaction. I look forward to working with them on the next transaction.”

Jenni Jones

About Legacy Mutual Mortgage

Legacy Mutual Mortgage is a local full-service mortgage company conveniently located minutes from Downtown Fort Worth. With in-house processing, underwriting and closing, Legacy is at the top of their game in the mortgage lending industry. Legacy offers Conventional, FHA, VA, USDA, and Jumbo programs for both purchase and refinance transactions. I have been a licensed loan officer since 2004 and pride myself on “thinking outside the box” to consider all available options and find the best mortgage for my clients. Others say that I am reliable, approachable, and extremely knowledgeable in the industry. Customer Service is my #1 priority!

Jenni Jones
Loan Officer
MLO NMLS #263547
JJones@LegacyMutual.com

Legacy Mutual Mortgage
A Gardner Financial Services, Ltd/Crockett National Bank Company
Institution NMLS #278675
1300 S University Dr, Ste 110
Fort Worth, TX 76107

Office: 817-870-2777
Fax: 817-546-1656
legacymutual.com

Thinking About Buying or Selling A Home In 2016?

Here’s What You Need To Know…

Who could forget the nightmare of the foreclosure crisis? Borrowers didn’t understand the terms of their loans, many were blindsided by last minute changes in fees and rates at the closing table—essentially, home buyers were most upset about the lack of disclosure in the mortgage process.

Since then, the Consumer Financial Protection Bureau has been working on making the loan process more transparent than it had been leading up to this, and as of October 3, 2015, there are two new forms that have replaced the previous (four) more misleading and confusing ones.

Both the Loan Estimate and Closing Disclosure are intended to streamline the loan application process and make it easier for borrowers to understand their contract by clearly spelling out the most relevant details all on one page—including the interest rate of the mortgage loan, the amount of the monthly payments and a listing of all the closing costs. Even if you apply for an adjustable rate mortgage, your documents will explain how the interest rate and future monthly payments could change based on certain factors.

The good news is that the “Know Before You Owe” forms have built in many protections for borrowers. Although making that big step into your new home should be (financially) more clear and sound—Purchasers not paying cash could be waiting up to 45 days for their contract to close, along with other set-backs.

The NAR is recommending you have everything ready seven days prior to closing, so before you start house shopping, here are the things you need to know:

Rather than waiting until the day of the closing to see the final figures, Borrowers now receive the Closing Disclosure three days in advance. To prevent any unwanted closing delays, a good rule of thumb is to have all the paperwork in order a week before your scheduled closing date. When you go into the three-day period, you’ll want to avoid any unnecessary changes. Making changes as the clock winds down can come with a cumbersome set of hurdles.

So this means that you and your settlement providers, including your Lender and Agent are really under the gun to get everything squared away—more so than ever before. Buyers and Sellers have to be cooperative as well, because if last-minute negotiations are made, a new three-day waiting period kicks in.

With zero tolerance for error throughout most of the disclosures, it’s vital everyone is working with a Real Estate Broker and Lender who understands the multiple new systems that have been introduced with these forms.

For those of you thinking about buying or selling a home in 2016, there’s a lot to do, and now is the time to get started!

We invite you to connect with us at Red Team Real Estate. Our Realtors are skilled in handling all types of real estate, and our comprehensive knowledge concerning the latest laws and market trends, along with the ability to network with other Agents and Lenders will truly benefit you. Contact us today and find out how we enhance both the buying and selling experience for each and every Red Team client.

Winning. Clients.

Red Team Real Estate and Property Management
Red Team Real Estate and Property Management was started in 2012 to focus on being the provider of quality service that has never been seen before in property management. Our approach is to serve our owners by providing professional, knowledgeable service with maximum value.

2016 Must-Knows for Real Estate Investors

Red Team’s Year in Review

What a year! I hope that you found 2015 and all its new developments to be as exciting and rewarding as we did.

Among the changes this past year is the implementation of what is called the TILA-RESPA Integrated Disclosure rule, which has literally changed the way we’ve done business over the last several decades.

The ball started rolling back in 2011, when the Consumer Financial Protection Bureau began working on making the loan process more transparent than it had been leading up to the foreclosure crisis.

As of October 3, 2015, the two “Know Before You Owe” forms have replaced the four disclosure forms you’re probably accustomed to: the Good Faith Estimate and the initial Truth-in-Lending disclosure (provided when you applied for a loan), and the HUD-1 Settlement Statement and the final Truth-in-Lending form (issued just before closing).

By introducing forms that are expected to be less confusing, they hope to make sure consumers understand at every step along the way, the terms of their loans and the fees that they are paying. The following new forms will be used in every mortgage transaction:

The Loan Estimate form includes the interest rate, the fees for both lender and third-party services such as appraisals and title insurance, estimated closing costs and whether the borrower has the right to shop for services like title insurance. It also lists any prepayment penalties or future expected changes in interest rates. Lenders will be required to provide this form within three days of a loan application.

The Closing Disclosure includes the final figures for closing costs, prepaid taxes and insurance, payments, fees and mortgage terms, plus what costs are being paid by buyer and seller—and for the first time, how much is paid to each real estate company involved in the transaction.

Although it should make understanding what fees are being charged and what amount of money is needed at closing much easier, the new variables are going to create some problematic confusion as well.

We’ve already witnessed many delays of the closing process, especially with Investors who were working with Real Estate Brokers who are not yet familiar with the new rules and forms. And it’s also creating fundamental challenges for the Lending industry as well…

Rather than waiting until the day of the closing to see the final figures, Borrowers now receive the Closing Disclosure three days in advance. If the type of loan changes, a prepayment penalty is added, or the rate changes more than one-eighth of a percent, another waiting period of three business days is required again—after the redrafted documents have been sent out and received by the buyer.

Another big change is that you’ll be seeing the closing documents drawn up by lenders, rather than by closing agents. While the law doesn’t require the lender to draw up the documents, it now holds the lender accountable for any errors.

The National Association of Realtors has advised its members to add 15 days to contracts.

The good news is that these forms have built in many protections for borrowers. But for Investors who are not paying cash, it can make the time to close from contract execution take somewhere around 45 days. With zero tolerance for error throughout most of the disclosures, it’s vital you’re working with both Real Estate Brokers and Lenders that understand the multiple new systems that have been introduced with these forms.

For those of you looking to navigate through this new process both smoothly and effectively, we invite you to connect with us at Red Team Real Estate. We work for our owners, making your investment in your rental property create as much value as possible!

Winning. Clients.

Red Team Real Estate and Property Management
Red Team Real Estate and Property Management was started in 2012 to focus on being the provider of quality service that has never been seen before in property management. Our approach is to serve our owners by providing professional, knowledgeable service with maximum value.