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Real Estate Finance TREC  Form

Real Estate Finance TREC Form

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Instructions and help about Real Estate Finance TREC

so here in Texas when you're purchasing a home a buyer can get what's called an option period now during this option period this is when they'll do their due diligence do their home inspections negotiate repairs and whatnot during this time frame the buyer has the ability to back out of the contract without forfeiting their earnest money now here in Texas it's usually about a seven to ten Day Option period it is negotiable as well as the fee now one thing to consider about the fee that fee is non-negotiable however if you do move forward with the purchase of a home whatever amount you paid for the option fee that amount is applied to the purchase price and you still get credit for that when you buy the home so if you back out you lose that but you do get your earnest money back if you've got any questions whatsoever about the Houston real estate market or you want to book a time to just talk about things with me hit the link down below schedule a

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