A seller lease back is a contract provision that allows the seller to stay in their home for a period of time after the closing date of a home sale. The seller may be charged a daily rental rate or it may be at no charge to the seller, depending on the terms of the […]
Archives for February 2014
Multiple Offers are the New Trend in Houston Real Estate
The boom in the Houston real estate market is resulting in the increasing likelihood of multiple offers on properly priced Houston real estate listings. This is every seller’s dream, but if you are one of the Houston real estate buyers bidding on a real estate listing, it’s important that you don’t allow it to become […]
What is a short sale?
A short sale is a situation where a homeowner is attempting to sell a home that is worth less than the amount owed on its existing mortgage with their mortgage lender accepting the loss. The homeowner’s mortgage holder must approve the sale. It can take an additional 30 to 90 days to obtain the lender […]
What is a termination option in a Texas Earnest Money Contract?
A termination option is a clause in the standard Texas real estate earnest money contract that gives a buyer the unconditional right to terminate the contract during the option period. The buyer must pay a fee to the seller for the right to have the termination option. The length of the option period and the […]
How can a real estate buyer agent be free to the buyer?
Houston Prime Realty offers its real estate buyer agent services to real estate buyers for free. Houston Prime Realty is a member of the Houston MLS, the Bryan – College Station MLS, and the Brazoria County MLS and provides free buyer agent services to any real estate buyer of homes for sale or real estate for sale […]