How to protect your buyer clients while remaining competitive.
How do you protect your buyers these days? What’s happening to our market is horrible, but you need to stay competitive and find ways to keep your buyer clients safe. In Texas, we have an option period, but you have to ask yourself if it’s necessary because there are a few other ways to get out of a contract.
For example, in Texas, you have time to withdraw from the transaction after you see the seller’s disclosure or the survey. What are the rules if the home is in an HOA or a property association? In Texas, you have three days to exit the contract after getting the resale certificate. You also have the third-party financing addendum, which can help you get your buyers out of a contract.
Look at these other ways and ask yourself if an option period is necessary. The seller expects you to take out as many contingencies as possible, so remove all the ones you don’t need.
If you have any questions, feel free to call or email me. I would love to help.
