Title Business
A Kick Out provision goes by many names in the world of Texas real estate contracts. It’s also known as a Knock Out clause, a Sale of Other Property contingency or simply a contingent contract. A Kick Out provision is actually an addendum to the contract that takes into consideration the sale of another property…
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The Title Commitment is important to a buyer because it discloses what type of coverage they will receive and the limitations to that coverage.
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A cash offer is more appealing to a seller than an offer contingent on the buyer financing the purchase. How much a cash offer appeals to a seller is debatable.
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When purchasing a Texas property, the mineral rights may or may not come with it. Uncovering and then cashing in on mineral rights are not as easy as Jeb Clampett shootin’ up some crude.
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Sometimes contracts cancel. The reasons are as varied as the properties themselves. A terminated contract often involves several folks being out money, time and other frustrations. Before you say ‘Hasta la vista, baby’ to your deal, consider what it might cost everyone involved.
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