Do I need a pre-approval before looking?
It is strongly recommended. It helps establish a realistic range and may be required before a seller seriously considers an offer.
How much earnest money is required?
There is no single amount that applies to every transaction. The amount is negotiable and should be discussed as part of the overall offer strategy.
What is an option period?
In many Texas resale contracts, the option period is a negotiated time during which the buyer may terminate under the contract's option provisions after paying the agreed option fee.
Should I buy a home warranty?
A residential service contract may help with certain covered failures, but coverage limits, exclusions, service fees, and vendor practices should be reviewed carefully.
Can the seller pay my closing costs?
Seller contributions may be negotiated, subject to the seller's agreement and any loan-program limits. A contribution can also affect the overall competitiveness of the offer.
When do I receive the keys?
Possession depends on the contract. It is commonly delivered after closing and funding, unless the parties have agreed to a different possession arrangement in writing.
This page provides general educational information and is not legal, tax, lending, inspection, or insurance advice.
