Let the Seller Beware:: The 32 Buyer Outs in the Texas Real Estate Contract
Why this handbook?Texas real estate contracts are driven by consumer-focused law. In some ways, it is as if the seller is viewed as a giant corporate manufacturer of this large product to be sold for many thousands of dollars, vs the poor, defenseless buyer, whom we must protect. To provide this protection, there are more than thirty “outs” for buyers in our residential contract and related addenda. There are only three for the Seller!This book outlines and explains the entire Texas Real Estate Sales Contract for the resale of One-to-Four Family Residential properties and includes all related addenda explained by a seasoned negotiator. It will benefit any Agent, Broker, Buyer or Seller of residential property in Texas. Many of the aspects may also apply to contracts available in other states, but this book applies to practice in Texas.The real estate sales contract is THE most important document in a real estate agent’s briefcase. Listing agreements are nice, buyer representation agreements are nice, but their use only indicates the possibility of income. Nobody is going to get paid until a contract is written and closed. It is imperative that you know the contract inside and out, for yourself and for your clients, since the contract conveys property and large sums of money. It is the single most important aspect of our business.
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