Governor Rick Perry signs two very important pieces of legislation into law on Thursday, July 9 at 9:30 a.m. in HAR’s Training Room. State Senator Tommy Williams and State Representative John Otto, are the authors of the bills that where signed into law.
House Bill 8 and House Bill 3613 where signed into law by Governor Rick Perry. Realtors® were instrumental in helping pass these appraisal reform measures. Consumers can expect to see updated appraisal methods and better oversight of appraisal districts, more enforcement authority over appraisal districts to ensure that uniform standard appraisal practices are being used. Consumers will also find alternatives to lawsuits when appealing a ruling by an appraisal review board. Also, a residence homestead to be appraised as a residence will be done so accordingly and not on the basis of the “highest and best use” appraisal standard.
Whether you're interested in buying your first home, your next home, or just want to know more about home-ownership in general, I encourage you to check out a couple of great online resources: http://www.texasrealestate.com/ or http://www.har.com/ and for all of your Pearland TX and Northern Brazoria and Galveston County real estate needs, please visit my site at http://www.danfrankrealty.com/. All of these sites offer tons of useful, real estate-related information geared specifically for Texans.
Danny Frank is a local Pearland TX Real Estate expert! You can see my entire blog at http://www.pearlandrealtyblog.com