Legal Question in Real Estate Law in Texas
On the Residential Contract (Resale) to purchase a house in Texas, the Seller wants to have Paragraph 7 under (D) marked that the buyer accepts the property in its current condition. There is an option period of 10 to have inspections and see if there are repairs to be done. Is the seller trying to put one over on me?
Asked on 3/01/10, 9:30 am
1 Answer from Attorneys
Cheryl Rivera Smith
The Smith Law Firm
The TREC promulgated contract should have an option period during which you can terminate for any reason before expiration of the option.
Answered on 3/06/10, 2:04 pm