Wednesday, July 10, 2013

Licensed Texas Real Estate Agents--Some "Donts" on a Contract

Agents, the following clauses have been inserted into “Special Provisions” and should not have originated with licensees. These clauses are vague, incomplete, border on the unauthorized practice of law, or are addressed by other promulgated addenda.

  • “This contract is subject to a satisfactory appraisal report.” (or inspection report)
  • “This contract is subject to the buyer selling buyer’s existing home.”
  • “Buyer agrees not to require seller to complete any repairs.”
  • “Buyer may begin to move-in 3 days before closing.” (or seller to stay after closing)
  • “If for some reason buyer cannot obtain financing, the parties will renegotiate owner financing at that time.”

 

 

Jim Young
KW Commercial
512-565-7509
jimyoung@kwcommercial.com
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1801 Mopac, Suite 100, Austin, TX 78746

 

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Sunday, July 7, 2013

WalMart Shadow Anchored Center- 8.75% CAP rate

Untitled Document
Shadow Anchor WalMart Shopping Center For Sale- Blackfoot, ID
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