Contract Questions

Home Buyers are Getting Thousands Back to Furnish their New Home

By | 2019-01-10T16:52:18+00:00 January 10th, 2019|Buyer Questions, Contract Questions, General Advice|

Unfortunately, several home buyers miss out on significant savings every year. This is because a majority of home buyers in Texas are convinced they need a traditional buyer’s agent in order to purchase a home. Once a home is sold, 3% of the commission usually goes to the listing agent, while the other 3% would

Why should I upgrade to Full Rep?

By | 2015-04-16T03:46:57+00:00 April 16th, 2015|Contract Questions|

Answer: Because a mistake in the negotiation of a contract can end in a lawsuit. If you are not familiar with the negotiations and legal forms associated with the selling of your property, we strongly suggest you consider the upgrade to Plan B. If you haven't negotiated a real estate contract before, we want you

What is a home warranty?

By | 2015-04-15T20:47:22+00:00 April 15th, 2015|Contract Questions|

Answer: A home warranty is a type of service contract that covers the repair or replacement of specified household appliances if they break down due to normal wear and tear. In most cases, the home warranty is paid for by the seller and used to cover the buyer for about a year after closing. Sellers

Can I negotiate the buyer’s agent commission?

By | 2015-04-15T03:10:37+00:00 April 15th, 2015|Contract Questions|

Answer: No, we don't recommend adjusting it unless your house is worth a million dollars or more. The harsh reality is that homes without a 3% buyer's agent commission (BAC) are seen as a RED FLAG to a real estate agent. Agents expect to be paid the typical fee. When a seller lowers this fee,

How do I weed out bad buyers?

By | 2015-04-15T03:03:52+00:00 April 15th, 2015|Contract Questions|

Answer: You need to be especially careful when you are selling your house yourself. Don't waste a lot of time on an unqualified buyer. It all comes down to financing. Either they can get it, or they can't. Is the buyer pre-approved? One of the best ways to separate the wheat from the chaff is

What is a leaseback?

By | 2015-04-15T02:59:16+00:00 April 15th, 2015|Contract Questions|

Answer: A leaseback is when a homeowner sells the property to a buyer and then leases it back for a set period of time. Let's say you are about to sell your house, but you need to remain in the home for some reason (like your new place is not ready to move into). While

What is the option period in real estate?

By | 2015-04-15T02:45:41+00:00 April 15th, 2015|Contract Questions|

Answer: Think of an option period as a get-out-of-jail-free card for buyers about to purchase a property. Basically, an option period allows a buyer to walk away from the sale with no penalties and no explanation without being held liable for breach of contract. In order to use the option period, the buyer pays an