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.

Most people buy homes based on what they can afford to pay per month. So what does a $300k home cost at a 5% interest rate? What about at a 7.5% interest rate. Take a look at this chart compiled by Amy Oehler of Big Life Home Group.

Property taxes in Texas are a sore subject for many residents! As property values have skyrocketed so too have property taxes, which are based on yearly county appraisals of value. Find out more about how Texas property taxes factor into home ownership.

You’ve focused all your energy on finding the right home or the right deal and winning the contract — and you’ve done it! What happens next? Take a look at this timeline that details the typical process for residential properties under contract in Texas.