A cancellation of contract under the option period must be done within the negotiated time frame, and done so on appropriate forms, signed by the parties, and filed with all principles and the title company in the prescribed time and manner required, to receive any earnest monies back.For further clarification check with your agent or here http://www.texasrealestate.com/web/1/12/121/archive/lingo.cfm
REALTORÂ® | Mortgage Broker
Keller Williams Realty | 360 Lending Group
As my collegues have indicated-there is an option period clause, this sounds like it is too late to be useful to you but this is a great time to go through the house, visually place your furniture, take measurements in addition to get a house and termite inspection.
Any other questions or concerns please feel free to email or call.
Good Luck to you.
Sonia Roberts, RealtorÂ®
VOX Real Estate, LLC
Please let me know if you would like detailed analysis on any neighborhood.
That's a great question. Texas does not have a "buyer's remorse statute" however we do have what we call an OPTION PERIOD. That would give you as a buyer, the OPTION to back out of the contract within a number of days negotiated with the seller. Usually 5 to 10 days, but can be longer or shorter depending on what you can negotiate.
Hope that helps!