Simon Ng - Realtor

A lot of homeowners are sitting on more equity than they realize.

If you bought between 2017 and 2022, there’s a good chance your home may be worth more than you think today.

Comment HOME and I’ll do a rough breakdown.

You’re about to close on your house… and now the seller wants out. In Texas, the contract may give the buyer options depending on the situation.

🤔What’s an option fee?

In Texas, it is the fee that can give a buyer the right to terminate during the option period.

That gives the buyer time to inspect the home and decide whether to move forward.

If the buyer backs out during that window, the earnest money is usually refunded, but the seller keeps the option fee.

Earnest money can help make your offer look stronger. But if you do not understand the contract and deadlines, that money can also be at risk.

A lot of buyers assume new construction means no issues. That is not always true.

Just because a home is brand new does not mean everything was done right. New builds can still have workmanship issues, missed items, and things that need to be corrected.

That is why inspections still matter.