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Lonnie Parker, Real Estate Pro in Houston, TX

Is it required for the option money to be receipted the contract by selling agent/seller in order for 1-4 Fam Texas contract to be valid?

Asked by Lonnie Parker, Houston, TX Tue Nov 1, 2011

I am a real estate agent and I have a 1-4 Fam Texas real estate contract that has been fully executed. I have 10 days option period on it. The earnest money has been received by the title company and has been receipted on the contract. I mailed the option check of $100.00 to the selling agent and haven't been able to get confirmation that she has received it. It was sent by snail mail. If I don't get a receipt back from the sellers/selling agent showing they have the option check, is this contract still valid?

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To take it one more step further, if the option check is delivered late but the seller accepts it and signs the receipt, is the option period reinstated?
0 votes Thank Flag Link Sun Jul 14, 2013
In our state if it's in the mail it's the same as if you handed it to them. I would also send email confirming you mailed it and or leaving the agent a message.
0 votes Thank Flag Link Tue Nov 1, 2011
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