All Forum Posts by: Account Closed

Chinese investors have gotten very active in Collin County.  They certainly have an impact on the market.  They normally buy new houses to use as rentals.  They range from very sophisticated professional real estate investors that own many properties all the way down to people that have local friends that help them locate properties.

In some areas of Collin County, you might have 4% of homes in a neighborhood owned by Chinese investors.

In our area it is unlikely you will win an auction for a house for that price.

You can look on local constable websites or sometimes the attorney's website to find local tax auctions

I think every auction on auction.com in Texas at least now has a link called "title information".  You should read it very carefully.  If you do not understand it, get a lawyer to explain it to you.

In most places, the commission is listed on the purchase agreement. 

As to the original question in the original post... probably not a violation.

You did not make a full price offer.  That makes everything in the deal be subject to negotiations.

Commission splits are a third rail discussion for Realtor Associations.  They do not want to regulate them, because that would almost certainly be price fixing.

Joel... I am going to do something in bad taste.  Exactly how much of a loss are you talking about if the septic cannot be done?

It really comes down to... Is the loss big enough to take them to court?

In short, if it is $25,000 bad mouth them all over the internet and move on.  If it is $100,000, give the lawyer a new Mercedes and hope you get your money back from the County.  You will at least make a point, it is extremely unlikely they would get legal fees from you.  It is fairly likely you will win in court and get your legal fees back.

For $250, I would not expect much more than some sample forms.  That might be all you are wanting.

A local lawyer is probably a better idea.

Great question.  Most of the licensed investors I know have stopped paying dues to Realtor Associations.

This is a great way to buy properties.  Even if it does not work out with the owner you may be able to look inside the house before the auction.

In Texas, we also have a special kind of loan, where people get money to pay the taxes.  That is more complex but a great way to find good deals.

NNNNNNNNOOOOOOOO!!!!!!!!!

That is the same "no" I would use if someone was about to walk in front of a bus.

In Texas, the customary practice for residential properties is for the offer to come in the form of a signed purchase agreement.  Anything else will probably get a response asking you to "reduce your offer to writing."

In Texas, the customary practice in anything other than single family in to send a signed letter of intent.

If it is a simple offer you can use the standard form from the Texas Real Estate Commission for a single family residential property.