Greater-Houston Real Estate Terms

February 24, 2016
Home Warranty Pic

Home Warranty Companies

What is a Home Warranty? A home warranty is a type of insurance policy that pays repair or replacement costs for the mechanical systems and built-in appliances that break down in a home. The home warranty can be purchased by either the buyer or the seller of a property and is part of the negotiation process in a Texas real estate transaction. When the seller is paying for the warranty, it is usually paid for and goes into effect at closing. The coverage period for that home warranty is normally one year and the buyer would then have the opportunity or […]
February 24, 2016
Katy Water Tower

What on Earth is a MUD District?

What is a MUD or Municipal Utility District? As a resident of Katy Texas, you may not be entirely clear on what a MUD actually is. A Municipal Utility District (MUD) is a localized division of the State of Texas. It provides certain civic amenities such as the water supply, sewage and drainage. A new MUD is created once the local property owners have petitioned the Texas Commission of Environmental Quality and the TCEQ has approved its creation. A Board of Directors will be elected, who will control the MUD, under the supervision of TCEQ. This board will be in […]