Keep up with the changes in the real estate market

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10/02/2015 | Author: Marty Kramer

Say you bought your home seven years ago and you’re ready to move. You’re thinking of selling on your own. After all, you remember most of the steps in the process, and things couldn’t have changed that much since then, could they?

Well, here are just a few differences …

  • A new law requires disclosure about fluctuating water levels if the property adjoins certain bodies of water.
  • Last month, there were revisions to the Condominium Resale Certificate.
  • Websites will now tell you how much your home is supposedly worth. (They’re often wrong by tens of thousands of dollars.)
  • The increased energy exploration in parts of Texas has meant negotiations regarding mineral rights in many transactions.
  • New laws have changed the rights of property owners in homeowners associations.
  • Not many transactions were done with electronic signatures seven years ago.
  • Several key components of the closing process are set to change tomorrow. Yes, really … tomorrow, October 3.

So while none of these and other changes technically prevent you from selling your home on your own, don’t you think you’d be better off hiring a Texas REALTOR®?

Categories: Sellers
Tags: sellers, consumers, selling


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Legal disclaimer

The material provided here is for informational purposes only and is not intended and should not be considered as legal advice for your particular matter. You should contact your attorney to obtain advice with respect to any particular issue or problem. Applicability of the legal principles discussed in this material may differ substantially in individual situations.

While the Texas Association of REALTORS® has used reasonable efforts in collecting and preparing materials included here, due to the rapidly changing nature of the real estate marketplace and the law, and our reliance on information provided by outside sources, the Texas Association of REALTORS® makes no representation, warranty, or guarantee of the accuracy or reliability of any information provided here or elsewhere on texasrealestate.com. Any legal or other information found here, on texasrealestate.com, or at other sites to which we link, should be verified before it is relied upon.

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