The Weaver Law Firm

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Posts tagged "real estate contract"

Exceptions to real estate AS-IS contract

Are all AS-IS contracts enforceable? 

The recognized purpose of an as-is clause in a contract for the purchase of property is to state clearly the full responsibility of the buyer to assess the bargain and to accept the risk that its assessment may be wrong. See Prudential Ins. Co. of Am. v. Jefferson Assocs., 896 S.W.2d 156, 161 (Tex. 1995). In the typical as-is clause scenario, "[t]he seller gives no assurances, express or implied, concerning the value or condition of the thing sold." Id. The as-is clause in that typical scenario negates any claim by the buyer that an action by the seller in the transaction caused damages to the buyer. See id. 

Toll Brothers will develop new home community called Northwoods near Exxon campus

Toll Brothers Inc. is the nation's leading builder of luxury homes. Reports indicate that it is working with Texas-based Cernus Development LLC, a real estate company. Cernus work includesland acquisition and development. The group plans to bring a master-planned community to North Houston. North Houston contains a wooded area of land, which would be a beautiful area to develop.

Want to find a Houston Real Estate Lawyer around 77057?

Do you want to find a Houston real estate lawyer? Are you looking to find an attorney around zip code 77057 or the Galleria area? If so, what type of knowledge should the attorney have? Should he know about other matters like personal injury cases and wrongful death cases and how they relate to real estate? I would think so. Many personal injury accidents happen on real estate.

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