TREC Seller’s Disclosure Houston Real Estate Transactions
Attorney Tommy Holmes discusses how Holmes Law, PLLC can help you in your Texas Real Estate matter. The video below discusses required seller’s disclosures and also summarizes several issues of concern in the purchase and sale of Texas Real Estate. Call 832.509.0445 to speak to a Houston_Real Estate Lawyer.
Caveat Venditor – Let The Seller Beware
Texas Real Estate Law requires the Seller to disclose certain things to the buyer. Including general concerns and problems with the property or the structures on the property.
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You can find these required seller disclosures in the Texas Property Code 5.008.
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You can see that a few examples include:
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Condition, or Presence of Appliances, Equipment, and Fixtures
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Condition of Driveways & Parking Structures
These apply to sellers of commercial and residential real estate. Often times commercial real estate vendors have more at stake because the property value tends to be a higher dollar amount.
Inspection Reports
Inspection reports should include any known or discoverable conditions. Examples include the presence of mold, mildew, termite damage, rodent infestation, and flood damage.
Easement Disclosures & Title Issues
The seller must disclose existing easements on the property as well as any known title defects.
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You may also be interested in Texas Tax Foreclosure Sales.