Here are the 4 typical “contingencies” you will find in contracts to purchase or sell property. Basically, contingencies will kill the deal. Pay attention to these: Financing – if buyer doesn’t get financing – no deal. Appraisal – if the property doesn’t appraise for...
It is critical for developers to understand zoning laws. Here are a few of the biggie areas to know for successful projects: Types of zoning classifications (residential, commercial, industrial, etc). Permitted uses within each classification. Process to change zoning...
Know this about mineral rights – Mineral rights can be owned by someone other than the owner of the surface. The owner of the minerals has a right to lease them, and this may impact the surface use (could be a problem if surface owner is a different person)....
Easements are common but misunderstood. Simply put- an easement grants someone else the right to use another person’s property for a specific purpose. Here are some common easements in Texas: Utility (Ex: power companies have rights to service, maintain their lines)...
If you are purchasing real estate and using a broker/agent you will notice a significant change in how typical commissions have worked in past. You will notice the Buyer must now agree to the Buyer’s agents commission before representation. You will also notice...
If you are purchasing any type of real estate – house, land, commercial – invest money in these two things: Survey – have a surveyed prepared which shows you the boundary lines, structure locations and all roadways, easements, or other things affecting the...
