When it comes to selling a home in Texas, the process of providing a previous survey to the buyer just got a little easier. Thanks to new rules from the Texas Department of Insurance, the requirements for the T-47 Affidavit have been streamlined, making it a more convenient process for sellers. The Old Way: A…

Yes, it is possible to hold rental properties within a retirement account, and many people do so to diversify their investment portfolio. This is typically done through a self-directed IRA (Individual Retirement Account). While this strategy offers some significant advantages, it also comes with specific rules and potential complexities that every investor should understand. Setting…

When considering a new home, many buyers are drawn to the appeal of a brand-new house. Builders often create beautiful, shiny new communities in more affordable, outlying areas. While the low entry price and pristine condition are attractive, there are significant risks to be aware of, especially if your time horizon for ownership is short.…

A major legal shift in mid-2024 has changed how real estate commissions are handled in residential sales across Texas. Following a lawsuit that challenged traditional commission practices as anti-competitive, the National Association of Realtors (NAR) and its members implemented new procedures for disclosing and paying buyer’s agent commissions. These updates are reflected in the latest…

Real estate buyers in Texas often ask a critical question: What happens if I want to back out of a deal after the option period ends? The answer depends on whether there are any other valid termination rights remaining and whether you’re prepared to navigate potential legal consequences. The Option Period: Your Primary Out In…