Texas is one of the fastest-growing states in the country. If you’re considering buying a home in one of these new neighborhoods, stay aware of what you’re getting into. Whether you’re already a Texan or just thinking of moving, read on for essential information about residential developments in Texas! Learn the things to keep in mind before you sign on the dotted line for your dream home!
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Can a Builder Increase the Contract Price?
A builder’s right-to-terminate clause is in the fine print of most new home builder contracts. Also called a cancellation or convenience clause, if you overlook this fine print, you miss that the builder can change the previously agreed upon price or simply back out of the deal. So what does this mean for you? Learn about the fine print called the “builder’s right to terminate clause” and when, why, and how much a builder can legally increase your contract price in Texas or cancel it entirely!
Average Cost to Build a House in Texas
There are pros and cons to both buying and building a home. So, which option is the best for you? If you’re looking to purchase a brand new home in Texas, it will likely cost you between $100 to $200 per square foot (sq ft). If you’re looking to buy an existing home, the median price in the United States is currently $123/ sq ft. Keep in mind that prices vary depending on location. Find out the average cost to build a house in Texas so you can make the best decision for yourself and your family!
Can an HOA Lien Cause a Home Foreclosure?
Did you know that if you don’t pay your HOA dues, your HOA could foreclose on your home? It’s true! An HOA foreclosure is the remedy that HOAs use to obtain overdue assessments from homeowners. Learn the HOA lien process, how it leads to foreclosure, and what you can do about it.
I Inherited a House. How Do I Put It In My Name?
If you’ve recently inherited a house, congratulations! This can be a great opportunity to build your net worth and improve your living situation. However, in order to reap the full benefits of this inheritance, you’ll need to put the home in your name. Read on to walk through the process step by step!
How Homestead Exemption Works in Texas: Submit Your Application Today!
Did you know that you could save money on property taxes by filing for a Texas homestead application? That’s right! Depending on where you live in Texas, anywhere from 25-45% of the value of your home can be exempt from property taxes. Learn about the process of filing for a homestead exemption and choosing the exemptions you qualify for!