№ 01Selling a House With Work That Was Never Inspected
Selling a Texas House With Unpermitted Work Converted garages, enclosed patios, added bathrooms, a second structure out back. Plenty of Texas houses carry work that was done without a permit, sometimes decades ago by an owner who has long since moved on. It becomes your problem at closing. The first issue is simple arithmetic. If a bedroom was added without permits, it likely does not appear in the county records or the tax roll. An appraiser measuring the house will oft
Selling a Texas House That Has Flooded Before If your house sits in a Harris County flood zone, or has taken water at any point, you already know it changes the conversation with buyers. What surprises most sellers is how much of that conversation is set by law rather than by negotiation. Texas requires a seller of residential property to give the buyer a written disclosure notice covering the property's condition, and flooding is dealt with directly. The form asks wheth
What Happens to Your Mortgage When You Sell Most people sell a house they still owe money on, and most have only a rough idea of the mechanics. The mortgage does not transfer and it does not simply vanish. It gets paid off out of the proceeds at closing, and the order in which that happens explains several things that otherwise look strange. At closing the title company requests a payoff statement from your lender. That figure is not your remaining principal. It is princ
Appraised Value, Market Value and What a Buyer Will Pay Three numbers get called the value of your house and they are not the same thing. Confusing them is behind most of the frustration sellers feel when an offer arrives. The first is the county appraisal district's assessed value, which exists to calculate property tax. Texas is a non-disclosure state, meaning sale prices are not public record, so appraisal districts estimate from the data they can get. That figure is
№ 05Selling a House With Work That Was Never Inspected
Selling a Texas House With Unpermitted Work Converted garages, enclosed patios, added bathrooms, a second structure out back. Plenty of Texas houses carry work that was done without a permit, sometimes decades ago by an owner who has long https://jsbin.com/?html,output since moved on. It becomes your problem at closing. The first issue is simple arithmetic. If a bedroom was added without permits, it likely does not appear in the county records or the tax roll. An appra
№ 06Selling an Inherited Texas House From Out of State
Managing a Texas Property Sale From Another State Inheriting Texas property while living somewhere else combines two problems that are manageable separately and awkward together: establishing your authority to sell, and doing everything at a distance. Authority comes first. A title company will want proof that ownership passed properly. If there is a will going through probate, the executor generally has authority once the will is admitted and letters testamentary issue.