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During your Texas option period, you can ask the seller for specific repairs, a closing cost credit, a price reduction, or some combination of all three. Texas sellers are not legally required to make any …
What is a Texas HOA resale certificate, and what should condo buyers look for? The HOA resale certificate is a legally required disclosure document that tells you the financial and legal health of the homeowners association before you buy. In Texas, condo buyers have seven days after receiving it …
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What happens after a home offer is accepted in Texas?In Texas, once both parties sign the purchase contract, you have 3 calendar days to deliver your earnest money to the title company and pay your non-refundable option fee to the title company. The option period (typically 7–10 …
Buyer closing costs in Dallas typically run 2% to 4% of the purchase price, which translates to roughly $8,000 to $16,000 on a $400,000 home. That number covers lender fees, title charges, a required survey, homeowner's insurance, …
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Most Dallas condos can be financed with a conventional, FHA, or VA loan, but not all of them. Whether a condo qualifies depends on something called "warrantability" — a set of guidelines established by Fannie Mae, Freddie Mac, FHA, …
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What actually controls mortgage rates? Mortgage rates are not set by the Federal Reserve. They're driven primarily by the yield on the 10-Year U.S. Treasury note, which means rates can move even when the Fed does nothing at all.
If you've been waiting on the Fed to cut …
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When a home appraisal comes in lower than the agreed purchase price in Texas, both buyers and sellers have options. Buyers can renegotiate the price, pay the gap out of pocket, split …
The Texas option period is a negotiated window — typically 7 to 10 calendar days — during which a home buyer has the unrestricted right to terminate the purchase contract for any reason and receive a full refund of their earnest money. To secure this right, the buyer pays …
