When you’re on the brink of closing on a property, whether you’re a first-time homebuyer or a seasoned investor, there’s a critical document you’ll want to review closely: the title commitment. But what exactly is it, and why is it so important? A title commitment is a detailed document provided to a buyer and lender […]
Can a Home Seller Back Out of a Signed Contract?
Selling a home involves numerous steps and legal obligations, one of which is signing a contract with a buyer. Once this contract is signed, both parties are typically bound by its terms, and backing out of the agreement can have serious consequences. However, there are certain circumstances in which a home seller may be able […]
Buyer Beware: Identifying Health and Safety Hazards in Your Potential Home
Are There Health and Safety Hazards Lurking in Your Dream Home? Buying a new home is an exciting journey filled with possibilities, but amidst the excitement, it’s crucial not to overlook one critical aspect: health and safety hazards. Your dream home may hide potential risks such as lead-based paint, mold, asbestos, or other environmental hazards […]
Navigating Real Estate Transactions in Texas: The Significance of the Texas Non-Realty Items Addendum
Are you planning to buy or sell property in the great state of Texas? If so, it’s crucial to understand the intricacies of real estate transactions, including the importance of documents like the Texas Non-Realty Items Addendum TXR Form 1924 TREC Form OP-M. This form plays a significant role in ensuring transparency and clarity in […]
Understanding What Are Closing Costs in Real Estate Transactions
Gearing up for closing on a property? It’s essential to familiarize yourself with the concept of closing costs. Closing costs are the fees and expenses associated with the finalization of a real estate transaction. Understanding these costs is crucial, as they can impact your budget and affordability and are something that you need to plan […]
Can You Force The Choice of Title Company
Title companies play a crucial role in real estate transactions, ensuring that the transfer of property ownership is smooth and legally sound. However, one common question that arises is: who gets to choose the title company? Let’s delve into this and discuss the key points of RESPA Article 9. When it comes to selecting a […]
Your Final Walkthrough Success Guide | Expert Buyer Tips
The moment you’ve been eagerly awaiting has arrived – it’s time for the final walkthrough of your soon-to-be new home. This last step before closing is critical for ensuring that the property is in the condition you agreed upon and ready for you to move in. To make sure you don’t miss anything, we’ve put […]
Texas Residential Real Estate Contract Form 1601 TREC 20-16 | A Seller’s Guide
Selling a home in Texas involves navigating through various legalities and paperwork, one of which is the Texas One to Four Family Residential Contract (Resale) TXR Form 1601 TREC Form 20-16. While the name might sound intimidating, understanding this contract is crucial for sellers as it lays down the terms and conditions of the sale. […]
Texas Is A Non-Disclosure State | What Does That Mean
Today, we shed light on a crucial aspect that sets Texas apart from many other states: its non-disclosure rule regarding property sale prices. Understanding this policy is essential for both buyers and sellers to make informed decisions in the Texas real estate market. What is Non-Disclosure? In Texas, non-disclosure refers to the fact that there […]
Understanding What’s Included in the Sale When Buying Real Estate in Texas
Are you in the process of purchasing real estate here in Texas? Understanding what’s included in the sale is crucial for making informed decisions and ensuring a smooth transaction. In Texas, the purchase of residential properties typically involves a standardized contract known as the Texas One to Four Family Residential (Resale) contract. This contract outlines […]
