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HB 2334

AN ACT relating to restrictions on the purchase of a single-family home by

House Bill
Filed

Filed

Bill introduced by legislator

Committee

Hearing

Passed Cmte

Calendar

Passed

Sent

Enrolled

Governor

Signed

89th Regular Session

Jan 14, 2025 - Jun 2, 2025 • Session ended

Awaiting Committee Assignment

Bill filed, pending referral to House committee

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Committee

Not yet assigned

Fiscal Note

Not available

What This Bill Does

Restricts investment firms from purchasing single-family homes during the first 30 days after the property is listed for sale, giving individual homebuyers and local buyers priority in the initial market period. If an investment firm attempts to purchase a home before the 30-day waiting period expires, the seller can void the contract at any time before it is finalized. The law aims to protect individual homebuyers from competing with large investment firms and goes into effect on September 1, 2025.

Subject Areas

Property Interests--Real Property Business & Commerce--General

Bill Text

relating to restrictions on the purchase of a single-family home by
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1.  Subchapter A, Chapter 5, Property Code, is
amended by adding Section 5.0155 to read as follows:
Sec. 5.0155.  LIMITATION ON CERTAIN PURCHASERS.  (a)  In this
section, "investment firm" means a corporation or trust engaged in
the business of investing the pooled capital of investors in
(b)  An investment firm may not enter into an executory
contract to purchase a single-family home that is listed for sale
before the 30th day after the date the home is listed.
(c)  A contract entered into in violation of this section is
voidable by the seller at any time before the contract is fully
SECTION 2.  Section 5.0155, Property Code, as added by this
Act, applies only to an executory contract entered into on or after
the effective date of this Act.
SECTION 3.  This Act takes effect September 1, 2025.

Bill History

filed

Bill filed: AN ACT relating to restrictions on the purchase of a single-family home by

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