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4.9 out of 5

60 votes

The document is a New Home Contract for the sale of property in Texas, specifically for incomplete construction. It outlines the agreement between the Seller and Buyer, detailing the property description, sales price, financing options, earnest money requirements, title policy provisions, and conditions regarding inspections and construction completion. The contract includes clauses on closing procedures, possession transfer, default remedies, mediation for disputes, and various legal notices required by Texas law. It emphasizes the importance of consulting an attorney and provides specific terms related to property condition and environmental matters.

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Versions	Form popularity	Fillable & printable
2022	4.6 Satisfied (29 Votes)
2011	4.9 Satisfied (60 Votes)

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What are the 4 essentials of a valid contract in real estate?

Required Elements of a Real Estate Contract To establish legality, a real estate contract must include a legal purpose, legally competent parties, agreement by offer and acceptance, consideration, and consent.

Can I write my own real estate contract in Texas?

Yes. The contract forms are available for public use. A TREC contract form, however, is intended for use primarily by licensed real estate brokers or sales agents who are trained in their correct use.

Can a seller get out of a contract in Texas?

The Texas Real Estate Commission recently approved Notice of Seller's Termination of Contract (TAR 1950, TREC 50-0) for mandatory use by license holders if the seller has the right to terminate.

What are the 6 contracts promulgated by TREC?

The Commission recently adopted changes to the following contract forms: Unimproved Property Contract. New Home Contract (Complete Construction) Notice of Buyer's Termination of Contract. Addendum Regarding Residential Leases.