Attorney's are not typically involved in Texas residential real estate transactions as they are in some other states. So, while it may be advisable in some circumstances to have an attorney review contracts and closing documents, it is seldom practiced here in Texas and it is not mandatory in any sense.
Why don't you have an attorney representing you in this transaction? You MUST have an attorney review your offer, docs, terms, conditions, time lines, etc. A good real estate attorney costs less than $1000 and will not let anybody take advantage of you!
Go get an attorney.
Scott Miller, Realty Associates, Boca Raton, FL
Do you have a Realtor representing you?
If so...... You should consider firing them!!!!
Bottom line.... Conventional loans close on time a higher % of the time than Conventional. Although those numbers are getting closer. And the 'old' (think 100 yr old realtor with a glamour shot) thinks that things haven't changed.
If the listing agent is demanding a higher deposit because you are using FHA.... that listing agent is likely as crappy as your buyer's representative.
Goodness what a question. First of all anybody can demand but YOU have the choice to accept or reject
As a Broker the term nonrefundable throws up flags and fireworks
The only non refundable reason I let my clients enter into would be upgrades done prior to closing and this puts seller at risk if property does not close
So Bill, it pays to have a great REALTOR and I just happen to know where to find one LOL
All joking aside if you have any further questions with this transaction or any real estate questions, I would be more than happy to answer. Just email me or call.
Wishes for Godâ€™s best to you and yours in every way each and every day!
Cynthia Ann Morris,
"At Home With Diversity: One America" REALTORÂ®:
CNE, CRS ,CSP,ePRO, GRI, TAHS,Texas Property Tax Arbitrator
Certified Real Estate Instructor
Sales, Property Management and Investing
First Time Home Buyer Specialist
Short Sales and Foreclosure
WE BUY HOMES
Serving you and all of El Paso County..
Phone 915 471 4300
Fax 915 855 4609
I want to be the only REALTOR Â® you will ever need