Home Buying 101 Texas -

A local expert is invaluable for navigating the contracts.

In Texas, title companies handle the closing process. They ensure the title is clear of liens and coordinate the signing of all legal documents.

In most cases, the seller pays the commission for both agents, meaning professional representation often costs the buyer nothing out of pocket. 3. The "Option Period" & Inspections home buying 101 texas

Your lender will require an appraisal to ensure the home is worth the loan amount. If the appraisal comes in low, you may need to negotiate the price or cover the "appraisal gap" in cash.

Before looking at houses, you need to know what you can afford. Texas has no state income tax, but it does have some of the highest property tax rates in the country. A local expert is invaluable for navigating the contracts

You pay a small fee (e.g., $100–$500) for the right to terminate the contract for any reason within a set window (usually 7–10 days).

They understand local market trends and can help you navigate "Option Periods" (a uniquely Texas concept). In most cases, the seller pays the commission

Buying a home in the Lone Star State is a unique journey, from navigating our specific tax laws to understanding the "Texas-sized" variety of markets like Austin , Dallas , or Houston . Here is your essential guide to securing your piece of Texas. 1. Get Your "Texas-Sized" Budget Ready