About Eric Sexton Expertise All aspects of buying and selling homes including: General real estate questions, Contracts, Negotiations, surveys, title work and general questions about mortgages. I CAN NOT GIVE LEGAL ADVICE AND WILL NOT BE ABLE TO ANSWER QUESTIONS WHERE LEGAL ADVICE IS NECESSARY.
Experience
I have been a real estate agent for 6 years and a broker for 2 years.
Organizations National Association of REALTORS and Texas Association of REALTORS.
Expert: Eric Sexton Date: 10/10/2007 Subject: House ownership
Question I have heard if I buy a house in Texas, that for all intent the house will never be mine? What is meant by that? Is it true and what states can i buy a house that the land and house are mine and i don't have to keep paying taxes on the house?
Answer Robert,
If you are purchasing property using a mortgage, the property is not technically yours until the mortgage is paid off. If you pay cash, the property is yours as soon as everyone signs the closing documents.
