Buying a Home, Financing Lynn Wise Buying a Home, Financing Lynn Wise

How Much Are Closing Costs When Buying a House in Austin, TX?

When you buy a house, you know the price of the house and the percentage you plan to put down, but what about additional costs? How much money will you actually have to bring to the closing table? The answer can vary depending on many factors. For example, sometimes a seller will pay for a portion or all of a buyer’s closing costs. Regardless of who covers the expense, it’s important to know what’s being paid. 

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What Is an Option Period & Fee in Texas?

Every state has its own regulations and norms. An option period is Texas’ way of providing a home buyer time for due diligence. In exchange for that time, the buyer pays the seller an option fee. Both the option period length and the option fee amount are negotiable points in a real estate contract.

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