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Can You Sell a House With a Cracked Slab in Texas

What Foundation Damage Does to a Texas Home Sale 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 fou

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Selling a House in a Houston Flood Zone

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 form asks

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Managing a Texas Property Sale From Another State

Selling an Inherited Texas House From Out of State 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 issue

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Appraised Value, Market Value and What a Buyer Will Pay

What Your Texas House Is Actually Worth 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 often wrong

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Managing a Texas Property Sale From Another State

Selling an Inherited Texas House From Out of State 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 issue

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Read more about Managing a Texas Property Sale From Another State

How the Payoff Actually Works at Closing

Selling a House You Still Owe Money On 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 principal

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Managing a Texas Property Sale From Another State

Managing a Texas Property Sale From Another State 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 issue.

Read more→
Read more about Managing a Texas Property Sale From Another State

Selling a House You Still Owe Money On

What Happens to Your Mortgage When You Sell 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 princ

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Read more about Selling a House You Still Owe Money On