Whether you are preparing for a commercial or residential real estate transaction, there are a number of legal issues that you may need to take into consideration. It is pivotal to be prepared for any hurdles that could arise and know which steps need to be taken to protect your interests. In Dallas and cities all throughout Texas, real estate transactions can present great opportunities, but those who fail to prepare accordingly may face certain challenges down the road that could have been avoided altogether.
Prior to the 1960s, Texas was a state, which meant that it adhered to a "buyer beware" policy in real estate transactions. However, in 1968, the Supreme Court of Texas expressed its distaste of the caveat emptor doctrine when it comes to the sale and purchase of a home, stating that it did not placate the demands of justice.