option money: Texas Option Period—Understand Your Rights
- 07/25/14 06:19 AM
Real estate is handled very different in various parts of the country. In Frisco Texas we are bound by the Texas Real Estate Commission (TREC.) Just like in other areas of DFW and the rest of the great state of Texas, when you are buying or selling residential homes, the contract is critical to understand . In the one to four residential contract on page 8 section 23 is the termination option. Termination Rights The termination option grants the buyer, for a price called the option fee, the unrestricted right to terminate the contract within a certain number of days after … (3 comments)
option money: Leveraging Option Money: Securing Homes in a Seller’s Market (in TX)
- 11/22/13 11:57 AM
Many consumers and real estate agents often minimize the value of option money. In Frisco Texas the majority of people think option money is when you write a check for $100 and you get 10 days to evaluate the home. If we look a little deeper you can find many different ways of leveraging option money.
For this example we are assuming you are in a seller’s market with most homes receiving multiple offers, as has been the case in DFW for the last 4-6 months on many homes. Many buyers were walking away frustrated with losing out on many … (0 comments)
Buying or selling a home should be a fun and exciting experience. While for most of us this involves the largest investment of our lives, reducing the stress and knowing what comes next can ensure you have a great experience and make this transaction a success. Your success is my focus.
Real estate is handled very different in various parts of the country. In Frisco Texas we are bound by the Texas Real Estate Commission (TREC.) Just like in other areas of DFW and the rest of the great state of Texas, when you are buying or selling residential homes, the contract is critical to understand . In the one to four residential contract on page 8 section 23 is the termination option.
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