Buyer Alert in Texas
As you may know, Texas counties, cities, and school districts get their revenue from property taxes. Just because the previous owner paid cheap taxes doesn't mean you will. Moreover, homeowners' insurance rates are rising due to inflation and now natural disasters. In parts of Texas, some carriers are pulling out entirely, forcing investors into higher-cost policies. With recent flooding in Texas, properties you you once considered as investment opportunities could now be vulnerable. Buyers, check your FEMA flood maps, even low-risk zones are seeing water. Finally, roof age is one of the most crucial components to insurability of a home. Make sure you are getting all the information prior to a purchase.