Please reach me at jackgraham@ebby.com if you cannot find an answer to your question.
No, but working with a licensed agent can help you navigate pricing, negotiations, and legal paperwork more effectively.
Typically, 5-6% of the home’s sale price, split between the buyer’s and seller’s agents. This is negotiable.
On average:
• Buying: 30-45 days after making an offer.
• Selling: Varies, but homes typically sell within 30-90 days.
Market conditions fluctuate, so it’s best to check with a local agent for the most current data.
Earnest money is a deposit (usually 1-3% of the home price) that shows a buyer’s commitment. It is applied to the purchase at closing.
Most lenders require a score of at least 620, though FHA loans allow for lower scores.
• Conventional loans: Typically 5-20%.
• FHA loans: 3.5%.
• VA/USDA loans: 0% (for qualified buyers)
Yes, Texas has no state income tax, so property taxes are higher than the national average. Rates vary by county.
Yes, lenders require insurance before closing. Even if paying cash, insurance is strongly recommended.
You can submit a higher offer, adjust terms to be more competitive, or look for another property.
Buyers typically pay 2-5% of the home’s purchase price in closing costs, which may include:
• Loan origination fees
• Appraisal and inspection fees
• Title insurance and escrow fees
• Prepaid property taxes and homeowners insurance
• Recording fees and other lender-required costs
Some of these costs can be negotiated with the seller or covered through lender credits or down payment assistance programs.
Texas law requires sellers to disclose known material defects through the Seller’s Disclosure Notice.
Minor repairs and improvements can increase your home’s value, but major renovations aren’t always necessary.
Yes, but FSBO (For Sale By Owner) sales require knowledge of contracts, pricing, and marketing strategies.
Sellers typically pay 6-10% of the home’s sale price in closing costs, which may include:
• Real estate agent commissions (usually 5-6% of the sale price, split between buyer’s and seller’s agents).
• Title insurance (varies but often 0.5-1% of the sale price).
• Escrow and title company fees (varies by company).
• Property taxes (prorated up to the closing date).
• HOA fees or transfer fees (if applicable).
• Any agreed-upon buyer concessions (such as covering part of the buyer’s closing costs).
Sellers may also have additional costs, such as home repairs negotiated after an inspection.
You can lower the price, improve marketing, make repairs, etc.
We use cookies to analyze website traffic and optimize your website experience. By accepting our use of cookies, your data will be aggregated with all other user data.