We are nearing the end of the series but we are not quite there yet as we have a couple more important steps to discuss on the way to home ownership.
There are very few Spring Texas neighborhoods that do not have deed restrictions. There is a high probability the subdivision you are purchasing a home in is governed by deed restrictions. You need to familiarize yourself with the subdivisions deed restrictions before you purchase your home so you do not have to make any unexpected decisions later.
For instance, if you have five dogs you will want to know if having five dogs is against deed restrictions. You don’t want to be faced with the decision of which of your five dogs/family members get to stay and which ones have to leave after you move in.
The title company will provide you with a title commitment. The title commitment identifies the amount of the title policy, the exceptions from coverage, and the items that will need to be resolved before the title company will issue the title policy.
You need to pay close attention to the items identified on Schedule C. If there is a tax lien or a Mechanics lien attached to the property, they will need to be resolved and removed before you can close on the property. If the liens can not be removed timely your closing date may have to be postponed. If the liens can not be resolved, you may not be able to close on the property at all.
If you have missed one of the previous steps in our first time home buyers series, you can find them through the links below:
Jill Wente is an incredible realtor! We lived in the area for about 3 years before taking the house-hunting plunge... read moreJill Wente is an incredible realtor! We lived in the area for about 3 years before taking the house-hunting plunge and truly could not have chosen a better realtor to work with. Jill is professional and patient, she is an incredible resource who is 100% there for her clients at all times. We had a lot of questions and didn't want to pay any closing costs or prepaid costs out of pocket - Jill is a Master Certified Negotiation Expert and it SHOWS. We got exactly what we wanted at the price we wanted AND had several bonuses thrown in, including appliances and gutters. She was there for inspections/walk-throughs and kept in contact with our builder's salesperson as well. If you want a strong realtor who is also pleasant to work with (which I've learned is rare), then Jill is the realtor for you!! read less