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Earnest Money: Three Common Issues and Misconceptions

Earnest money and repairs are by far the two most common causes of disputes in a residential transaction. I want to address three earnest money issues: the requirement of earnest money; the seller’s remedy if the contract requires earnest money and it is not deposited; and the procedure for claiming …

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May 2007 Market Report: Austin Market Heats Up in May

The weather is getting hotter and so is the Austin real estate market. The latest Multiple Listing Service (MLS) Report from the Austin Board of REALTORS® indicates local home sales remain strong. The 2,679 single family homes sold in May 2007 represent a two percent increase from one year ago …

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ACTRIS Bulletin Second Quarter 2007

Read the ACTRIS Bulletin Second Quarter 2007 to learn about an MLS upgrade set for November, how property listings on Craigslist.com prompted ethics hearings, details about avoiding fines by returning personal assistant’s tokens, and more.

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Reviewing Title Commitments and Schedule B Exceptions

Paragraph 6A of the TREC Residential Condominium and Unimproved Property contract forms calls for a seller to provide a buyer with an owner policy of title insurance and sets out the exceptions to coverage which will be permitted in that policy. Get more details in Reviewing Title Commitments and Schedule B …

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April 2007 Market Report: Boost in Austin Real Estate Market for April

Though a continued slump in home sales throughout the nation persists, Austin has maintained its strong level of sales. According to a report from the Austin Board of REALTORS®, April experienced a refreshing burst in number of homes sold. Single-family home sales, which totaled 2,313, increased a total of six …

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