Texas Residential Real Estate Law
The most common type of residential real estate transaction in Texas is selling or buying a home. While purchasing a house can be rewarding, it can also be a confusing process filled with complicated legal proceedings and new terminology.
A qualified residential real estate attorney in Dallas can assist you in the purchase or sale of a home. At Sprouse Shrader Smith P.C., our Texas residential real estate law firm has the experience necessary to protect your rights whether you are working with a contractor to build a new home, buying or selling property, or moving to Texas from another state.
Dallas Residential Real Estate Attorney
Although your residential real estate law firm in Texas can help you navigate Texas real estate law, it is helpful to familiarize yourself with the process of buying and selling a home before you begin any paperwork. The following are important elements in the process which you should review with your Dallas residential real estate lawyer:
- Real estate brokers: These are people who help buyers and sellers complete the sale of residential property. Texas real estate contracts between a person and a broker may include provisions for dual agency, meaning that the broker represents both the buyer and the seller.
- Seller disclosures: In the state of Texas, the seller must give the buyer a notice of disclosure on or before the date when a contract binds that buyer to purchase the home. This notice alerts the buyer to any hazards, or problems with the structure of the building, heating, plumbing, or other systems. If a purchasing contract is sent before the seller sends the disclosure notice, the buyer can cancel the contract.
- Foreclosure: This occurs when the consumer defaults on house payments to such an extent that the bank or mortgage company claims possession of the house.
This occurs when the consumer defaults on house payments to such an extent that the bank or mortgage company claims possession of the house. Keep in mind that most banks do not want to foreclose, as it is a time-consuming process. It is best to communicate with your lender if making your payments has become a struggle. If you have further questions on any of these topics, contact a Texas real estate attorney at Sprouse Shrader Smith P.C. today.
Residential Real Estate Lawyer in Dallas You Can Trust
If you have questions regarding your Texas real estate closing or Texas commercial real estate law, it is important to contact a Texas residential real estate attorney as soon as possible. Whether you are buying property, or involved in a dispute over a contract, a Texas residential real estate lawyer can protect your finances, and your future.
Sprouse Shrader Smith P.C. is a Texas residential real estate law firm based out of Amarillo and assisting clients across the state, particularly in Dallas. With years of success in the courtroom on our side, our real estate attorneys can help.
