Nixon Daughtrey

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Legal Documentation

Step-by-Step Guide to Selling Land or Oil & Gas Rights

Selling land or oil and gas rights is a significant decision that requires careful preparation and informed decision-making. This guide walks you through the process, addressing legal and tax considerations while avoiding common pitfalls. In This Article: Overview of the Process Evaluating the Value of Your Rights Legal Considerations Marketing and Negotiation Closing the Deal Benefits and Risks of Selling

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Real Estate Transactions

Proven Expert Land Valuation Tips for Texas Investors

When assessing the value of land, understanding its worth is essential for making informed decisions in real estate. Whether you are a seasoned investor, a broker guiding clients, or a novice stepping into the field, mastering land valuation brings clarity to your real estate goals. From uncovering hidden opportunities to ensuring fair transactions, a proper understanding of land valuation opens

Texas Oil Rights
Mineral Rights

Texas Oil Rights: Ownership, Rules, and Benefits

Owning land in Texas? You need to understand your oil rights. Texas oil rights offer profit opportunities and come with complex rules. This guide explains these rights, ownership, and how you can benefit. In This Article: Key Takeaways The Basics of Texas Oil Rights History of Oil Rights in Texas Types of Oil Rights in Texas How to Determine Ownership

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Financial & Real Estate Law

How to Use an Affidavit of Heirship in Texas Real Estate Transactions

Understanding Texas real estate laws is crucial for anyone engaging in property transactions in Texas. When a property owner passes away without a will, families often face confusion about how ownership will transfer. One effective tool to simplify matters in these cases is the affidavit of heirship. This document can help heirs legally establish their rights to a property without

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Mineral Rights

Midstream Infrastructure: Guide for Oil and Gas Investor

Midstream infrastructure is essential for the oil and gas industry. It helps transport, store, and process resources efficiently. This process moves resources from extraction sites to end-users. Imagine pipelines and storage facilities as the highways and rest stops that keep traffic flowing smoothly. For real estate professionals, investors, and landowners in Texas, it is important to understand midstream infrastructure. Knowing

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Financial & Real Estate Law

What is Adverse Possession in Texas Real Estate Law

Adverse possession may seem like a loophole for taking ownership of another person’s land, but in reality, it serves an important function in Texas real estate law. The doctrine exists to encourage productive land use and ensure that property rights remain actively managed. Under specific conditions, an individual who occupies land without legal ownership may eventually gain legal title through

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Financial & Real Estate Law

Key Elements and Benefits of Right of First Refusal in Texas

The Right of First Refusal (ROFR) is an important legal tool in Texas real estate. It impacts property deals and ownership relationships. If you own a property, you may want to control future sales. If you are a buyer, you might want first access to a property you desire. Understanding how a Right of First Refusal (ROFR) works can be

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Post-Closing Concerns

How are Property Taxes Handled at Closing in Texas

When buying or selling property in Texas, property taxes are an important part of the closing process. Buyers and sellers need to understand them. These taxes play a critical role in the financial obligations tied to the property, often requiring well-calculated adjustments during a transaction. If mishandled, property tax issues can lead to complications, such as disputes about the correct

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Closing Procedures

Essential Dates in Your Texas Real Estate PSA Unveiled

In the fast-paced world of Texas real estate, a Purchase and Sale Agreement (PSA) serves as the backbone of any successful property deal. Whether you are a seasoned property investor or a first-time buyer, understanding the critical dates and deadlines outlined in your PSA, along with the relevant data from real estate listings and market information, is essential. These dates

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Real Estate Basics

Best Practices for Ensuring Accuracy in Legal Descriptions in Texas

In real estate, the smallest details can have the most significant impact. One important detail that is frequently overlooked is the legal descriptions of the property. This detail can greatly affect the outcome of a transaction. This clear, written statement defines the exact boundaries of a piece of land. It ensures that everyone involved—buyers, sellers, and third parties—knows what is changing

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