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How to Terminate a Texas Home Purchase Contract

Terminating the Texas Purchase Contract

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, […]

Posted in: Buying, Selling Tagged: Option Period

Do Your Due Diligence: Home Inspections in Central Texas

Due Diligence: The Inspection in Fort Hood

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.

Posted in: Buying Tagged: appraisal, hvac, Inspection, Option Period, roof, septic, title commitment, well

How to Make an Offer and Negotiate the Best Deal for your Home.

Making an Offer on a Home

Know what to expect when making an offer in the Fort Hood area so you don’t run into surprises.

Posted in: Buying Tagged: contingency, Earnest Money, Inspection, multiple offers, offer, option fee, Option Period, repairs

The Purchase Contract (Resale): Para. 23 – The Option Period

Texas Association of Realtors Logo

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 […]

Posted in: Contracts Tagged: option fee, Option Period

2016 Contract Changes for Texas Realtors

Texas Association of Realtors Logo

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 […]

Posted in: Contracts Tagged: contract, IABS, Option Period, TAR

The Purchase Contract (Resale): Para. 7 – Property Condition

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The Texas Association of Realtors (TAR) 1-4 Family Purchase Contract Pargraph 7: Property Condition, explained and discussed.

Posted in: Buying, Contracts, Real Estate Industry, Selling Tagged: As-Is, Home Warranty, Inspection, Lead-Based Pain, Option Period, Seller's Disclosure, Utilities

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Brian E Adams, Realtor

Brian E Adams, Realtor, GRI
StarPointe Realty
1604 South W S Young Drive
Killeen, TX 76543
(512) 763-7912
brian@hoodhomesblog.com
Licensed in the State of Texas

 

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