Real Estate Archives | Patten Title Company

2021 Option Fee Contract Updates

The Texas Real Estate Commission have updated a variety of forms that will be required moving forward. One of those changes involved the handling and delivery of the option fee in the contract. Patten Title is fully prepared to implement these changes and are here to help you understand what the changes entail. Here are some FAQs to help you navigate these updates.

Texas Homestead Exemptions

A homestead exemption reduces taxes by lowering a home’s taxable value. All school districts offer a $25,000 homestead exemption, and some taxing units offer additional optional reductions for the homestead exemption.

Title Endorsements: Understanding Your Options

When the average person hears “endorsement,” we immediately think of someone throwing their wholehearted support behind a person, product, service, or company. But when it comes to the title industry, the word has a much different meaning. A title endorsement is designed to amend your title insurance to the specific needs of the home you’re buying.

Understanding Title Insurance Refinance Credits in Texas

Buying title insurance is an important part of the homebuying process. It’s a one-time purchase that’s part of your closing costs and guards against any title defects that might appear. If you’ve ever decided to refinance your home because of more favorable interest rates for the loan amount on your real estate, you might be due a sort of refund on the title insurance you previously purchased. The title industry in Texas refers to this situation as “refinance credits.”

Our 7-Step Seller’s Guide to Real Estate Closing

So, you’ve decided to sell your house. This is probably an emotional time for you, especially if you’ve built up really powerful memories over the years in the home. You also want the smoothest possible real estate closing process. It would be nice if all your needs as the seller are met while also ensuring the buyer takes ownership of the house without any complications.

Our 9-Step Buyer’s Guide to Real Estate Closing

The first-time homebuyer experiences a whirlwind of emotions. From the decision to buy a house and the chase to find the right one to the disappointment when you get outbid on one and the joy of locating the home of your dreams, you’re on an absolute roller coaster. And that’s the fun part! Because when it comes time to actually take ownership of your new house, the real estate closing is both the most important and the most misunderstood part of the home buying process.