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Welcome! Here You Can Find Great Information on The Greater Dallas Metroplex! Voted "Best Agents" in  Magazine 2007, 2008 & 2010
Keller Williams Realty Platinum Award Winner 2008 The PescatoreAvrit Team is an award-winning team with more than 23 years of combined real estate experience. To learn more about each person on our team and how we can help you with your next real estate transaction please visit our "About Us" section at the top. To Contact Us Directly Call:
214-417-3621 Terri Pescatore
972-978-5286 Jane Avrit Don't make the mistake of thinking you can't afford to sell your home, or buyer a new one. The PescatoreAvrit team offers several programs for our sellers and buyers to help them with their real estate goals. To learn more about the programs we offer visit the guarantee section in the "About Us" category at the top of the page.
Interested in Owning Investment Property? There are many advantages to owning investment properties. Tax deductions, future retirement, and extra income to name a few. Let us help you in finding the right property for your investment! If you currently own investment property, but don't want the hassle of the landlord duties let us take care of them for you! The PescatoreAvrit Team offers property management. To find out more visit the property management section under the "about us" tab at the top of the page.  Thinking about purchasing a new contruction home, or having one built? It is a misconception that you will get a better deal by not using a realtor to represent you in this type of purchase, or that they will reduce the price of the home more since they don't have to pay commissions. The builder's sales agents are paid to represent the builder, regardless of what they may tell you. Many will use high pressure tactics to persuade you to sign the contract. Due to the high volume nature of brand new home sales, lots of builder's agents are paid less than a traditional commission; some earn a salary plus incentives, so turnover is important to their livelihood. The PescatoreAvrit Team will represent YOU, be your fiduciary and are required to disclose the positives as well as the negatives about the transaction. Builder's agents don't discuss drawbacks. A large part of our business is new contruction, and we have a database of over 76 area builder representatives. If you're looking for new construction you have the right team!! To learn more tips on buying new contruction, and to research area builders visit the new construction section under the "For Buyers" section at the top of the page. 
Short Sales >1. What Is a Short Sale? A short sale is discussed if the home owner is facing financial hardship and is therefore unable to make payments on the home loan. In the event that the bank or mortgage lender agrees to it, a short sale is an alternative solution when foreclosure is looming. “Short sale” literally translates to selling a piece of real estate just short of the remaining balance of the loan. Because the homeowner finds him or herself in a position where paying the loan just isn’t feasible, the lender will then discount the balance of the loan and the home owner will sell the property and forfeit all of the proceeds to the lender. By doing this, the lender concedes that selling the property at a loss is a better option than continuing to pursue the borrower.
There are four conditions of a short sale:
- The home’s market value is down. This means that the home is worth less than the remaining balance on the home loan. Another way to say this is by saying that the home is "underwater".
- The mortgage is in default or heading that way. A mortgage default occurs when the borrower stops making payments on the loan. At that point, the lender can seize the property from the borrower.
- The home owner encounters hardship like divorce, death or serious illness, unemployment, bankruptcy, etcetera. It is important to note that personal lifestyle choices that cause financial strain are not considered.
- The home owner has no assets. If the homeowner had assets, he or she could use these to make payments on the loan.
How do you know if you qualify for a short sale?
Whether or not a home seller can go through with a short sale ultimately depends on his or her bank or mortgage lender. They have to agree to the short sale process in order for it to come to pass. If the seller’s situation does not line up with the aforementioned four points, he or she may not qualify to sell their home on a short sale.
Any buyer can put an offer in on a home up for short sale so long as they are able to qualify for a loan. It is, however, up to the lender whether or not an offer will be accepted on the property.
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| Q |
Where is the world's largest mud building?
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| A |
The Grand Mosque in west Africa measures 328 feet long and 131 feet wide, and has been carefully maintained for centuries by local craftsmen, especially during the rainy season. |
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NUMBER1EXPERT®
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