Takeaways The seller has almost no “outs” from a contract The buyer has many “outs” in a contract Defaulting on a contract is not the same as terminating, and carries bigger consequences Reasons to Terminate There are many reasons a buyer might terminate per the Texas contract. In fact, there are probably at least 32 reasons, […]
Do Your Due Diligence: Home Inspections in Central Texas
The option period is the most critical time for any contract. This is the time for the buyer to figure out everything they need to about a home. There are many fail safes in place for the buyer, but the buyer and their agent still must be diligent about following up on all the items in a timely manner. Once the option period is over, you are in it to win it.
How to Make an Offer and Negotiate the Best Deal for your Home.
The Purchase Contract (Resale): Para. 23 – The Option Period
Note: The Texas Association of Realtors and TREC update promulgated forms regularly. For the most recent updates, check with TAR, TREC, or contact me at brian@starpointerealty.com. Note: I am a real estate professional, not a lawyer. Nothing herein should be construed as legal advice or instructions. BLUF The option period is a buyer’s only guaranteed […]
2016 Contract Changes for Texas Realtors
Note: The Texas Association of Realtors and TREC update promulgated forms regularly. For the most recent updates, check with TAR, TREC, or contact me at brian@starpointerealty.com. Note: I am a real estate professional, not a lawyer. Nothing herein should be construed as legal advice or instructions. The contracts are always changing. Resources like mine here […]