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Law Firm of Badeaux & Associates
Law Firm of Badeaux & Associates

550 Egret Bay Boulevard, Suite 121
League City, TX 77573
(832) 569-2218
(Intersection of Egret Bay and Barger St)

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HomeReal Estate FAQs

Real Estate FAQs

Practice Areas

Wills and Estates

  • Wills and Trusts
  • Powers of Attorney and Directives to Physician
  • Why Choose Us for Wills & Trusts
  • Estate Taxes
  • FAQ Wills and Estates

Probate

  • Probate Estate Administration
  • Why Choose Us for Probate
  • Executor and Trustee duties
  • Guardianship of Incapacitated Person
  • FAQ Probate

Real Estate Law

  • Real Estate
  • Why Choose Us for Real Estate
  • FAQ Real Estate
  • Commercial Real Estate
  • FAQ Commercial Real Estate

Business Law

  • Business Law
  • FAQ Business Law
  • Buy-Sell Agreements
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Read Client Reviews

Why hire an attorney if I have a real estate agent?

Even if you have an excellent real estate agent, you will need an attorney to protect your interests if you are buying or selling a house or other real property. The Texas Real Estate Commission that governs real estate contracts specifically prohibits real estate agents from giving legal advice, and states in the contract: “Consult an attorney before signing the contract.” Additionally, real estate agents don’t get paid unless the sale closes. Attorneys are objective and have the obligation to protect your interests every step of the way. The attorney’s job is to minimize the clients’ risks. Hiring an attorney to protect you in the earnest money contract for due diligence and represent you at closing could save you from problems and potential litigation after the closing, with its accompanying legal fees, court costs and delays.

Is the standard Texas Real Estate Commission Earnest Money Contract between the buyer and seller just an “offer”?

  • No, the buyers are committed to buy the real estate and the sellers are committed to sell.
  • The Earnest Money Contract is not merely an offer of “price”; rather, it binds parties to all obligations related to appraisals, inspections, repairs, survey encroachments and loan approval.
  • Buyers have the majority of the risk.

Why do we need a title company?

  • To provide title searches and check outstanding liens on the property.
  • Title company will not “take sides” if the seller and buyer dispute.
  • Title company is not responsible for the seller’s escrow at the mortgage company.
  • Title company is not responsible if ad valorem taxes increase.
  • Title company is not responsible for boundary disputes.

What are the “Closing Documents”?

  • Critical closing documents for the buyer include the loan documents, if applicable (usually 50-100 pages).
  • Critical closing documents for the seller.
  • HUD Settlement statement indicating sales price and all deductions, credits and total.
  • Proration of taxes between the seller and buyer.
  • Title company disclaimers.

Should the buyers ask the sellers to perform repairs?

  • Repairs can be the most controversial part of the transaction.
  • Sellers may not perform repairs to the satisfaction of the buyers.
  • Buyers may choose to negotiate a price reduction and perform repairs themselves.

What if the sellers and buyers have a dispute?

  • All of their remedies were those stated in the Earnest Money Contract.
  • Mediation is inexpensive and quick, but not binding.

Are New Home Construction Agreements different from Standard Earnest Money Contracts?

  • Yes, radically different.
  • There are few legal requirements on residential home builders.
  • Change orders should be in writing and designate costs.
  • Buyer should plan for:
    a.) Time Delays (temporary housing)
    b.) Cost Overruns
    c.) Interest rate increases if the house is not completed when interim loan expires

Practice Areas

Wills and Estates

  • Wills and Trusts
  • Powers of Attorney and Directives to Physician
  • Why Choose Us for Wills & Trusts
  • Estate Taxes
  • FAQ Wills and Estates

Probate

  • Probate Estate Administration
  • Why Choose Us for Probate
  • Executor and Trustee duties
  • Guardianship of Incapacitated Person
  • FAQ Probate

Real Estate Law

  • Real Estate
  • Why Choose Us for Real Estate
  • FAQ Real Estate
  • Commercial Real Estate
  • FAQ Commercial Real Estate

Business Law

  • Business Law
  • FAQ Business Law
  • Buy-Sell Agreements
  • Franchises

Read Client Reviews

Meet Our Attorneys

joanne
Joanne M. Badeaux
Senior Attorney
In her 30 years of practicing law, Joanne M. Badeaux has had the pleasure of representing multiple generations of families in their estate planning, probate and real estate matters. Joanne has seen a… Read More About Joanne
Annabel Moore's Profile Image
Annabel Moore
Attorney
Attorney, Annabel Moore, focuses her practice on estate planning, wills, trusts and probate. Annabel Moore serves as of counsel with the law firm of Badeaux & Associates on particular cases. She e… Read More About Annabel

Contact Us
Law Firm of Badeaux & Associates
550 Egret Bay Boulevard, Suite 121
League City, TX 77573
Phone: (832) 569-2218
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16055 Space Center Blvd., Suite 260
Houston, TX 77062
(281) 486-4737
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