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If Buyer gives notice of termination within the time prescribed, the Option Fee will not be refunded; however, any earnest money will be refunded to Buyer.
The buyer pays a non-refundable fee to the seller, called an Option Fee, which is the charge for this review period, which typically less than $1,000. In Texas, the Option Period is typically between 1 and 10 days.
Option fees are paid directly to the seller and are only refundable at closing, while earnest money in Texas is typically paid to and held in escrow by title insurance companies for the seller; earnest money is either paid to the seller or refunded to a potential buyer, depending on a number of factors.
Option fees are paid directly to the seller and are only refundable at closing, while earnest money in Texas is typically paid to and held in escrow by title insurance companies for the seller; earnest money is either paid to the seller or refunded to a potential buyer, depending on a number of factors.
Want to know how to extend the option period in Texas? Youll need a second deposit to do it right. Without the additional deposit, Most attorneys will declare the amount invalid even if all parties sign it, Frank Gray said, adding, Your buyer loses all leverage to negotiate repairs!
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James Meador, a realtor from Pasadena, Texas, explained, The option period is a protection for the buyer only, and only the buyer can opt-out of the contract during the option period. If the buyer decides to continue with the purchase, so must the seller.
Will It Be Refunded? Since the buyer pays the option fee over the table, sellers immediately deposit it. Its rarely refunded at closing, but if your buyer would like to make an exception to that rule, it should be stated in the transfer contract before the option fee is paid.
The buyer pays a non-refundable fee to the seller, called an Option Fee, which is the charge for this review period, which typically less than $1,000. In Texas, the Option Period is typically between 1 and 10 days.
An options contract is an agreement between two parties to facilitate a potential transaction involving an asset at a preset price and date. Call options can be purchased as a leveraged bet on the appreciation of an asset, while put options are purchased to profit from price declines.
Under Texas court decisions, an option to purchase is a land contract by which the owner gives another the right to buy property at a fixed price within a certain time.

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