chateau

8 Santa Fe Place in Odessa is currently listed for $1.1 million by Kirk Strahan of Kirk Strahan Realty.

If you are in the market for a sprawling family home with loads of character and lushly landscaped grounds, this one is for you. Situated on a 3.57-acre lot, this eccentric chateau in Odessa’s desirable Mission Estates offers architectural appeal with a sense of whimsy. (more…)

Odessa luxury homes

Odessa houses in the half-million-dollar range offer a range of high-end amenities, from new Venetian plaster walls to acreage with horse stalls. We’ve picked out four listings to give you an idea of what $500K buys in Odessa now.

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On Monday, the City of Austin filed suit against the Texas Comptroller's Office over the state's ad-valorem tax system.

On Monday, the City of Austin filed suit against the Texas Comptroller’s Office over the state’s ad-valorem tax system.

The end of sales price non-disclosure might be near, if the suit filed by the City of Austin against the Texas comptroller’s office is any indication. Austin Mayor Steve Adler, who submitted the 10-page suit on Monday, argued that the ad-valorem taxation system is unconstitutional because it isn’t “equal and uniform.”

Texas is one of the few states that, instead of relying for sales figures for tax purposes, employs an appraisal system. However, with skyrocketing values for residential properties in Travis County, commercial valuations haven’t grown nearly so much. It’s becoming a big problem, the suit suggests.

“The lack of sales disclosures has made it nearly impossible for appraisal districts to comply with their statutory and constitutional duty to assess all properties at market value so that taxation is equal and uniform,” the lawsuit states.

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Selling your home can be a complicated project. Here are 25 ways you can make the process easier.

Selling your home can be a complicated project. Here are 25 ways you can make the process easier.

Selling your home can be difficult, say the pros at Guardian Mortgage. Even with a great Realtor and a beautiful property, it can take a long time. And the more time that passes, the lower an offer may be.

Do you want to get your house sold quickly and get the price you’re asking for — or more? Then try these 25 tips from some of the best mortgage professionals in the business:

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"Small land sales" in West Texas range from 500 to 8,000 acres and can average $1,637 per acre.

“Small land sales” in West Texas range from 500 to 8,000 acres and can average $1,635 per acre. Photo:

The Texas Association of Realtors just released the small land sales report, which showed double-digit growth and increases in average price for acre for the state. However, Far West Texas saw a price drop in 2014. Dubbed Region Two, land prices shrank by 47.24 percent to $1,635 per acre.

“Historically, the Texas land market has been closely linked to the performance of the oil and gas and agricultural markets, but right now that’s not the case,” said Charles Gilliland, an economist with the Real Estate Center at Texas A&M University.  “Oil, cotton and corn prices are significantly down, but small land sales in Texas remain robust and in high demand.”

The Real Estate Center defines a “small land tract” on a sliding scale depending on the region. It can be between 30 acres and 160 acres depending on the location. In Far West Texas, a small land sale can range between 500 and 8,000 acres.

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Julie Nichols grew up on the west and east coasts, so she heads for the beach to relax!

Julie Nichols grew up on the west and east coasts, so she heads for the beach to relax!

When we’re ready to buy our beach home, we’re going to talk to Julie Nichols at Guardian Mortgage. Why? Because not only will Nichols be able to find the best loan for our situation, but she also knows where all the best beaches are!

Nichols, who has lived in Texas for quite some time, is a real bright spot at Guardian Mortgage, thanks to her experience as a project manager in the IT industry and her detail-oriented approach when helping her clients find the best mortgage for whatever the situation. Whether it’s a first-time homebuyer, a luxury-level client, or a vacation home that’s been a lifelong dream, Nichols takes a nuanced approach to every situation, and it’s earned her a ton of repeat business!

Take some time to get to know Nichols and her love of coastal sunsets and find out why this dynamic home mortgage professional is this month’s “Guardian Angel.”

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Odessa LMM Report

Local Market Monitor’s projections show Odessa home values increasing year-over-year by 6 percent.

There are some who are less-than-optimistic about Midland-Odessa home prices in the next 12 months, but you won’t find the analysts at Local Market Monitor among them. The firm, which takes a complete look at the health of a Metropolitan Statistical Area (MSA) and gauges the investment risk for real estate, says that both Midland and Odessa are “low risk” investments.

Over the next 12 months, Local Market Monitor projects prices in Midland to rise 8 percent, while home prices in Odessa will increase by 6 percent. The national average for the next 12 months is 6.4 percent.

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