In the world of real estate, escrow accounts play a pivotal role in ensuring that transactions proceed smoothly and securely. If you've ever wondered, "What is an escrow account?" you're in the right place. In this blog post, we'll unravel the mystery behind escrow accounts,...
What does the term contingent or contingency mean in Real Estate? Contingency is a clause in a contract that states that certain conditions have to be met by the buyer or seller in order to move on to the next step. There are contingencies in almost every real estate...
Whether you're buying or selling a home, you're likely to encounter two crucial steps in the process: a home inspection and an appraisal. While both play essential roles, they serve distinct purposes. A very simple explanation could be that the inspection deals with the condition...
What is Earnest Money? When a home goes under contract in Texas, buyers will pay something up front called Earnest Money. Think of it like a deposit. It shows the seller the buyer is serious about purchasing the home. This deposit is applied towards closing costs...
Here in Texas, the Option Period is the time that a buyer is allowed to get into a home to have inspections done and decide if they want to move forward with the purchase of the home. They can back out of the contract for...