What Happens When a Home Appraisal Comes in Lower Than the Contract Price?

The Appraisal Came in Low. Now What? You've negotiated a purchase price, signed a contract, and started moving toward closing. Then the appraisal comes back below the agreed purchase price. Does that mean the transaction is over? Not necessarily. Why Does an Appraisal Matter? For many financed purch

How Do Home Sale Contingencies Work When Buying and Selling at the Same Time?

How Do You Buy Your Next Home Before Selling Your Current One? Moving from one home to another can become complicated when the purchase of your next property depends on selling your existing home. Many homeowners worry about coordinating two transactions, managing financing, and avoiding the expense

Can You Buy a House in Texas With Less-Than-Perfect Credit or a Small Down Payment?

You May Have More Homebuying Options Than You Think Many prospective homebuyers believe they need perfect credit, a large down payment, and years of traditional employment before purchasing a home. While mortgage approval requires meeting lender guidelines, there may be more financing options availa

How Much Does It Cost to Sell a Home in Texas, and Are Real Estate Commissions Negotiable?

What Will You Actually Walk Away With After Selling Your Home? When selling a home in Texas, the most important number isn't always the sale price. It's your estimated net proceeds after applicable expenses and mortgage payoffs. Understanding those costs before listing can help you make better finan