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  2. Option fee (Texas) - Wikipedia

    en.wikipedia.org/wiki/Option_fee_(Texas)

    Option fee (Texas) In a real estate context, an option fee is money paid by a Buyer to a Seller for the option to terminate a real estate contract . Option fee funds should not be confused with earnest money . The use of option fees is most common in the residential resale market in Texas. [citation needed]

  3. Home warranty - Wikipedia

    en.wikipedia.org/wiki/Home_warranty

    Home warranty is one of several terms for a contract between homeowners and companies that cover some of the costs associated with specific repairs and replacements of household objects. Related industries often use such terms as residential service contract and appliance warranty plan. Just as is the case with home warranty in states such as ...

  4. What's an HOA and do you have to join? What Texas law ... - AOL

    www.aol.com/whats-hoa-join-texas-law-110513942.html

    Last year, Texas passed House Bill 614, which requires HOAs to be more transparent about fees charged to homeowners. The new law went into effect on Jan. 1, 2024. The new law went into effect on ...

  5. Earnest payment - Wikipedia

    en.wikipedia.org/wiki/Earnest_payment

    Earnest payment. An earnest payment or earnest money is a specific form of security deposit made in some major transactions such as real estate dealings or required by some official procurement processes to demonstrate that the applicant is serious and willing to demonstrate an earnest of good faith about wanting to complete the transaction.

  6. Consumer advocates and realtors hail NAR settlement: What it ...

    www.aol.com/news/consumer-advocates-realtors...

    But now, with home price growth leveling off, the playing field is leveling out too, putting more buyers in the driver’s seat, experts say. “Now you can hire an attorney for $1,500, instead of ...

  7. 'In over our heads': Texas couple puts 40% of their ... - AOL

    www.aol.com/finance/over-heads-texas-couple-puts...

    A whopping 90% of millennials have regrets about their first home purchase, according to Clever Real Estate’s 2024 Millennial Home Buyer Report, up from 82% the previous year.

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