The Towards Wealth Newsletter
- Repairs and the Texas 1-4 family home purchase contract.
- Monthly 1st Tuesdays Sheriffs Tax Sale Auction News.
- New Mobile Home Park Project Update.
- Interesting Real Estate Tid-Bits.
- Repairs and the 1-4 Family Texas Real Estate purchase contract.
1. ONE TO FOUR FAMILY RESIDENTIAL CONTRACTS (RESALE) This contract is an “As-Is” contract; Sellers are not contractually obligated to make any repairs if the repairs are not listed in the contract or listed in a signed amendment to the contract. Sellers must sign the amendment for it to be effective.
If the contract has a termination option (paragraph 23) the deadline to terminate for any reason expires at 5:00 PM on the last day of the option period. If you plan to terminate the contract if needed repairs are not agreed to, you will want a repair addendum signed. Read More
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