The Texas Seller Disclosure and What You Must Tell Buyers
Selling As Is Does Not Mean Saying Nothing The single most common misunderstanding in a Texas home sale is that selling a house as is removes the obligation to disclose. It does not. As is describes who pays for repairs. Disclosure describes what the buyer is told. They are separate things and confusing them creates liability that survives closing. Texas requires a seller of residential property to give the buyer a written Seller's Disclosure Notice covering the property
You Inherited a House in Texas and You Do Not Live Here Inheriting Texas property while living somewhere else combines two problems that are manageable separately and awkward together: establishing your authority to sell, and doing everything at a distance. Authority comes first. A title company will want proof that ownership passed properly. If there is a will going through probate, the executor generally has authority once the will is admitted and letters testamentary
How the Payoff Actually Works at Closing Most people sell a house they still owe money on, and most have only a rough idea of the mechanics. The mortgage does not transfer and it does not simply vanish. It gets paid off out of the proceeds at closing, and the order in which that happens explains several things that otherwise look strange. At closing the title company requests a payoff statement from your lender. That figure is not your remaining principal. It is principa
Appraised Value, Market Value and What a Buyer Will Pay Three numbers get called the value of your house and they are not the same thing. Confusing them is behind most of the frustration sellers feel when an offer arrives. The first is the county appraisal district's assessed value, which exists to calculate property tax. Texas is a non-disclosure state, meaning sale prices are not public record, so appraisal districts estimate from the data they can get. That figure is
The Texas Seller Disclosure and What You Must Tell Buyers
What Goes on the Texas Seller's Disclosure Notice The single most common misunderstanding in a Texas home sale is that selling a house as is removes the obligation to disclose. It does not. As is describes who pays for repairs. Disclosure describes what the buyer is told. They are separate things and confusing them creates liability that survives closing. Texas requires a seller of residential property to give the buyer a written Seller's Disclosure Notice covering the p
Selling a Texas House That Has Flooded Before If your house sits in a Harris County flood zone, or has taken water at any point, you already know it changes the conversation with buyers. What surprises most sellers is how much of that conversation is set by law rather than by negotiation. Texas requires a seller of residential property to give the buyer a written disclosure notice covering the property's condition, and flooding is dealt with directly. The
Selling a Texas House With Foundation Problems Foundation movement is close to a statewide condition in Texas. Much of the state sits on expansive clay that swells when it rains and shrinks in drought, and slab foundations move with it. Doors that stick in August and close fine in March are telling you about soil moisture, not carpentry. That ubiquity cuts both ways when you sell. Buyers here are less shocked by foundation work than buyers elsewhere, and a repaired found
Real Property or Personal Property, and Why It Matters Selling a manufactured home in Texas is a different transaction from selling a stick-built house, and the difference is not cosmetic. It comes down to whether the home is legally treated as real property or as personal property, and that determines almost everything else. In Texas, manufactured housing is overseen by the Texas Department of Housing and Community Affairs. Ownership is evidenced by a Statement of Owner