Purchase Terms
Specifies purchase price, earnest money amount, payment method, and financing contingencies, plus adjustments for prorations and credits at closing.
The contract creates a clear, enforceable framework tailored to completed new-construction sales, documenting price, closing mechanics, warranties, and remedies to reduce post-closing disputes and clarify obligations for builders, sellers, lenders, and buyers.
Several parties commonly handle or sign the Texas New Home Contract (Completed Construction).
Each participant relies on the contract to allocate responsibilities for closing, title transfer, and post-closing warranty claims; attorneys or title officers often review complex provisions.
Specifies purchase price, earnest money amount, payment method, and financing contingencies, plus adjustments for prorations and credits at closing.
Includes street address, lot and block or metes-and-bounds legal description, and any accessory structures or easements affecting use or title.
Sets the closing date, location, method of transfer, and the buyer’s possession date along with conditions for occupancy prior to closing.
Lists builder or seller warranties for workmanship, systems, and major components and any warranty periods or transfer conditions.
Details appliances, fixtures, window treatments, and any upgrades or allowances that convey with the property on closing.
Describes remedies for buyer or seller default, earnest money disposition, termination rights, and dispute-resolution procedures.
| Field | Recommended setting |
|---|---|
| Signature Authentication | Email + SMS code or ID verification for large transactions |
| Attachments Required | Attach survey, HOA docs, and warranty exhibit |
| Reminder Cadence | Send reminders at 3 and 7 days |
| Audit Trail Retention | Retain full audit log for at least 7 years |
Use an eSignature platform that supports secure PDF/DOCX uploads, audit trails, and conditional fields for complex contracts.
Confirm the platform provides tamper-evident signed documents, an exportable audit trail, and integration options (e.g., CRM, cloud storage) to streamline submission to title companies and lenders.
Date the parties sign to form a binding agreement.
Typically due within 2–5 business days after contract execution.
Deadline to satisfy loan conditions per the contract terms.
Date set for funding, deed delivery, and proration calculations.
When buyer takes occupancy, may be at closing or later.
A builder sells finished model home to a buyer following a negotiated price and upgrade credit.
A buyer working with a broker uses the form to document included appliances and repairs from a pre-closing inspection.
| signNow | DocuSign | Adobe Sign | PandaDoc | HelloSign | |
|---|---|---|---|---|---|
| Starting Price | $8/user/mo | $15/user/mo | $14/user/mo | $19/user/mo | $15/user/mo |
| Free Trial | 7-day trial | Varies by vendor | Varies by vendor | Varies by vendor | Varies by vendor |
| Bulk Send | Yes | Yes | Yes | Yes | No |
| Audit Trail | Yes | Yes | Yes | Yes | Yes |
| HIPAA Compliant | Yes | Yes | Yes | No | No |
| Envelope Cap | No cap | 100 envelopes/user/year | Varies by plan | Varies by plan | Varies by plan |