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Home Selling in Reagan County : Real Estate Advice

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Activity 2
Sun Feb 6, 2011
Terri Vellios answered:
I do not know your Tx laws - what I always tell my clients is "What does the contract state?" It is your recourse that is why it is used to answer this an other questions.

Lenders are taking longer these days depending on the type of loan, amount of loan, buyer's qualifications, etc. When the close date has come and gone the questions I would be asking are; did the buyer side ask for an extension to close? Have they provided any information as to the reason for the delay? Has the lender stated when they can close? These and more questions usually are addressed by your agent to the buyer's agent. Then when you have your answers you can determine, by contractual rights, what you choose to do next.

Best of luck to you.
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Wed Feb 2, 2011
Tony Z - In The Field answered:
OH MY GOODNESS!!! 6 answers and no one answers the question! Ask a title company, get a realtor!? Why they don't just answer the question is beyond me.

In Texas, you can estimate your closing costs around 3% of the sales price (fees, prorated taxes, docs, etc), but most title companies have minimums and $25K may hit it. if you use buyer and sellers agents/realtors, you can throw in another 6%. So your closing costs will probably be around $750-$1,000, without a realtor, and up to $2,250 with one.

Good luck.

Tony Z
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