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Texas Option to Purchase Package Form

Texas Option to Purchase Package Form

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what is the process of purchasing a pre-owned home in Texas well first off you want to be pre-approved with a lender this is if you need a home loan and if you put an offer on a home and they accept everyone signs we have an executed contract within 72 hours of an executed contract you need to pay something called earnest money and option money that goes to the title company now earnest money is standard to be 1% of the purchase price and opt option money is standard to be about $500 now what the option money does is it opens up a period of option days so that you can exit the contract for any reason that you want and you get the earnest money back and those option days it's the first usually it's about the first s days of the transaction now the real reason for this time though is so that you have an inspection now you can cancel for any reason so for example I've had a client before that did due diligence along with my help of course during the option period a

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