Home Buying Tips

The Ins and Outs of Earnest Money. What is Earnest Money? How much is Earnest Money? When is the Earnest Money provided? What is Earnest Money? The money the buyer gives to the title company to show the seller that he is serious about purchasing the Spring Texas home. How much is Earnest Money? Just […]

What’s the purpose of the buyers final walk thru? The purpose of the final walk thru is to confirm the home is in the same condition as it was at the time you went under contract on it.  You want to confirm that no damage occurred to the home during the sellers move out. Confirm […]

What stays and what goes with the purchase of a resale home? Real estate is local and so is what stays and what goes with the purchase of a home.  Your purchase of a resale home in Spring Texas will include the following items: Curtain rods, curtain brackets Curtains TV wall mounts – not the […]

What’s the difference between OP, P, and PS? How are the property statuses of OP, P, and PS different and what is happening during each status. OP (Option Pending) – The property is under contract. The buyers are in the process of getting the property inspected. The buyers have the unrestricted right to terminate the […]

Should you buy now or should you wait until summer to buy a Spring Texas house?  If your finances are in order and you have flexibility in your schedule for moving, then buy a house in the fall. What makes fall the best time of year to buy a house? Get a lower price  – […]

Before you filter your Spring Texas home search by a minimum and maximum of square footage, here’s 3 things you should know about a home’s square footage. 1. Not all square footage is created equally – A home’s floor plan / layout can significantly impact how large or small a house may feel. A house with […]

The main differences between earnest money and option money are amount, payee, and refundability. Although negotiated between buyers and sellers, earnest money is typically 1% of the sales price. The earnest money is made payable to a title company (another term negotiated between buyers and sellers) and deposited into an escrow account at the title company. […]

Upon execution of a residential contract, the buyer is required to deposit a defined amount as earnest money with a title company or the builder.  The amount of earnest money is one of numerous terms that are negotiated between buyers and sellers.  The amount of earnest money depends upon the local real estate market and […]

Your inspector said the A/C isn’t cooling so you want to have the A/C evaluated by a HVAC technician. The problem is your option period ends today and you can’t get an HVAC technician out to the property today. So you and the sellers have agreed to extend the option period by 2 days. Do […]