Texas Home Contract: 5 Things Buyers & Sellers MUST Know

If you’re buying or selling a home in Texas, the purchase contract is the document that controls the entire deal. But here’s the good news: you do not need to memorize every paragraph to understand what matters. The easiest way to understand the Texas purchase contract is to break it into five simple buckets: ✅ Money — sales price, earnest money, option fee, financing, seller concessions, cash to close, and net proceeds ✅ Timeline — option period, earnest money deadline, financing approval, title review, survey review, appraisal, closing, and possession ✅ Risk — inspection, appraisal, repairs, financing, title, survey, and default issues ✅ Property Details — legal description, fixtures, accessories, exclusions, HOA documents, leases, survey issues, and title matters ✅ Exit Rights — when a buyer may terminate, when protections expire, and when earnest money may be at risk The big idea is simple: the purchase contract is not just the price. A strong contract is the full deal — price, terms, timing, financing, appraisal risk, inspection strategy, closing date, possession, and the buyer’s ability to actually close. For buyers, this framework helps you understand your protections before you need them. For sellers, it helps you compare offers based on certainty, terms, and risk — not just the highest number. This video is not legal advice. We are not attorneys. If you have legal questions, speak with a qualified Texas real estate attorney. 📍 Buying or selling in Dallas-Fort Worth and want help understanding the contract before you commit? Schedule a no-obligation consultation at www.ParagonDFW.com — Mark Meras & Kyle Kreick Co-Founders, Paragon Realty Advisors Uptown Dallas Not intended to solicit property already listed for sale. Equal Housing Opportunity. Hashtags #TexasRealEstate #DFWRealEstate #DallasRealEstate #TexasPurchaseContract #TRECContract #RealEstateContract #HomeBuyingTips #HomeSellingTips #OptionPeriod #EarnestMoney #SellerConcessions #AppraisalRisk #InspectionPeriod #TexasRealtor #ParagonRealtyAdvisors #UptownDallas