If your client is 62 years old or older, explore the reverse mortgage option. You can use this to either refinance or buy a new home. Some of our clients have taken advantage of this option. This is something that has change significantly for the better in the last few years. The only catch is that you clients must consider it is a long term option. If they are planning on staying in the house for a short term, it does not make any sense. Here is the link to the State of Texas requirements: https://texaslawhelp.org/article/reverse-mortgages

Emerging Trends in Real Estate Markets Post-COVID, February 24–25, 2022 Virtual: \nYou can watch the two day conference at this link\nhttps://www.dallasfed.org/research/events/2022/22realestate.aspx\n\nThe COVID-19 pandemic has profoundly impacted nearly all industries, including real estate, where it has accelerated demand for housing and warehouse space. While home sales, apartment demand and absorption of industrial space remain highly elevated—and prices and rents are at all-time highs—activity in the office market remains in flux. Learn about the latest trends affecting the real estate market at a virtual conference co-sponsored by the Texas Real Estate Research Center and the Federal Reserve Bank of Dallas.

According to TREC reasonable record retention for the following documents is four years: Closing Statements, Contracts, Leases, Lease Applications, Inspections, Financial Records for the License Holder\'s clients, Financial Records for the License Holder\'s operations, Seller\'s Disclosure Notices, Notes within the Transaction File, Email and other correspondence, Information About Brokerage Services, and other items. The IRS requires seven years of record retention for financial documents. Your Brokerage may require additional or supplemental retention of certain documents according to their Policy and Procedures Manual (a model form can be obtained from TAR). It is important to note that \"forever retention\" comes with legal risks.