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Commercial & Residential Real Estate Blog

As Spring approaches, the residential real estate market in the Dallas - Fort Worth area will begin to blossom with new listings. If it's anything like the last couple of years, Buyers may find that the supply and demand pendulum still favors the Sellers. Regardless, Buyers should make sure they've well vetted any property they're interested in and try not to get caught up in a buying frenzy only to end up with Buyers' Remorse.

 

On-line tools and apps are a good source for information on the broader concerns of schools, property taxes, neighborhoods and other matters that may impact your decision. Another way to determine if an individual home is right for you is to get a feel for what it would be like to actually live there. While many prospective Buyers look in their mind's eye when viewing a home that's for sale, most fail to even consider trying to learn more about the home and/or neighborhood from their potential new neighbors. I always encourage my clients to try to meet those neighbors as they can be a font of information about the schools, HOA, other neighbors and any relevant controversies concerning the same. Sometimes they also give you insight as to the Sellers, their motives for selling and any recent work done on the home. It is perhaps even more critical to talk to the neighbors in those instances where you are proceeding without a realtor or are purchasing a For Sale By Owner ("FSBO") property.

 

The Real Estate Contract, Exception Documents, Title Commitment, Survey and HUD-1 Closing statement are all crucial elements to purchasing real estate in Texas. But much more goes into making a purchase that's right for you and your family.

 

Purchasing a home is one of the largest transactions a person enters into in their life. A Board Certified Residential Real Estate Attorney can assist you with the legal aspects of that transaction and give you the benefit of his experience. Whether you're using the TREC forms or a Builder's contract, make sure you fully understand the terms and conditions of your purchase. Don't make the largest purchase of your life with your eyes closed. You should learn all the you can about those factors that matter to you before you make an offer on your next home.

 

This Blog contains general information about Texas law.  Nothing in this Blog should be used or relied upon by the reader as a source of legal advice.  This Blog does not create an attorney-client relationship between you and any attorney with the Law Office of John S. Unell, nor is it intended to do so.  Similarly, transmission of any information by e-mail or otherwise does not create an attorney-client relationship.  Also, please do not send to the Law Office of John S. Unell, via e-mail or otherwise, any information about any legal matter that may involve you unless or until you have entered into a written Representation Agreement with us.