Home Buyer Information

September 4, 2018
does the refrigerator stay with the purchase of a home

What stays with the purchase of a home? | #RealEstateTalk

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 Curtains TV wall mounts – not the TVs but […]
August 29, 2018
pending continue to show

What’s the difference between OP, P, and PS? | #RealEstateTalk

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 […]
October 28, 2016
buying a Spring Texas home in the Fall

Why fall is the best time of year to buy a house

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  – […]
April 11, 2016
Spring Texas houses sqft

3 things buyers should know about a home’s square footage

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 […]
March 30, 2016
earnest money purchasing spring texas home

What’s the difference between earnest money and option money?

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. […]
March 3, 2016
earnest money Spring Texas

How much earnest money is required when buying a house?

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 […]
February 25, 2016
option fee spring texas real estate

Do you have to pay an additional option fee to extend the option period?

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 […]
February 8, 2016
escrow account home loan

The pros and cons of an escrow account

Make a minimum 20% down payment on your purchase of a Spring Texas home and the choice of an escrow account will be yours. A less than 20% down payment forfeits the choice. If the choice of an escrow account is yours, should or shouldn’t you establish it?  What are the pros and cons of […]
January 22, 2016
When does the option period end

When does the option period end?

The option period is a defined length of time that has been negotiated and agreed upon by both buyers and sellers.  The option period starts the day AFTER the contract execution date and ends at 5 pm (local time) on the last day. For example: If you are buying a home in Spring Texas and you […]