Real estate investors looking to build wealth and avoid immediate tax liabilities often explore the benefits of a 1031 exchange. Named after Section 1031 of the Internal Revenue Code, this powerful strategy allows investors to defer capital gains taxes when selling and reinvesting in another income-producing property. Here’s how it works and why it’s such…

When negotiating residential real estate contracts in Texas, it’s important to understand the timelines and deadlines involved in real estate contracts—especially if you’re using the standard TREC (Texas Real Estate Commission) One to Four Family Residential Contract. There can be some confusion on how to properly count days in the contract. This article will discuss…

If you’re new to Texas or a first-time home buyer, navigating the real estate market can feel overwhelming. One key tool that can simplify the process is the TREC promulgated One to Four Single Family Resale Contract. This free, standardized contract—available directly from the Texas Real Estate Commission (TREC) website—is the most popular form for…

When purchasing a property, understanding its condition before closing is crucial. In Texas, the TREC One to Four Family Residential Contract is the most commonly used contract for resale transactions. Paragraph 10 of this contract specifies that the property must be turned over in its present or required condition, which can be vague. Here’s what…

Lease renewals in Texas, particularly under the Texas Association of Realtors (TAR) lease, follow a specific process that is important for both landlords and tenants to understand. These renewals function under an “evergreen” clause, meaning they renew automatically under certain conditions. Here’s a closer look at how lease renewals work in Texas. Understanding the TAR…