15-37 Earnest Money Contract - Brazoria County Texas 2026

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  1. Click ‘Get Form’ to open the 15-37 Earnest Money Contract in the editor.
  2. Begin by entering the date of execution in the designated field at the top of the form.
  3. Fill in the names and addresses of both Seller (Brazoria County, Texas) and Purchaser in their respective sections.
  4. In Article 1, specify the property details including any improvements or structures included in the sale.
  5. Complete Article 3 by entering the amount for the Earnest Money Deposit, ensuring it reflects one percent of the building contract price.
  6. Review Article 4 regarding inspection rights and ensure you understand your obligations during this period.
  7. Proceed to Article 5 to confirm closing details, including date and location, which should be filled accurately.
  8. Finally, sign and date where indicated at the end of the document. Ensure all parties have completed their signatures before submission.

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Answer: Starting with the effective (final execution) date of the contract, the first day of the period starts the next day. Each day is counted as calendar day.
If the buyer defaults on the contract, the seller may be entitled to keep the earnest money as compensation for the buyers failure to perform. Legal Action for Damages: When a buyer fails to perform, the seller may choose to pursue legal action for damages.
Generally, it is common practice for the earnest money deposit to be 1% of the sales price. Notwithstanding, earnest money is 100% negotiable, so a seller could request additional earnest money or a buyer could offer less and the contract would be fully acceptable.

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