Updated June 14, 2022
A Texas commercial real estate purchase and sale agreement documents terms for the transfer of ownership of property used for a business purpose. Buyers will make use of the agreement to define the specifics of their offer before providing it to the seller for review. If the seller is not satisfied with the initial proposal, they can reject the agreement or choose to negotiate new terms with the buyer. For example, the seller can provide the buyer with a counteroffer displaying an adjusted purchase price, closing date, deposit amount, or other alteration. The agreement will become a legally binding contract once signed by the buyer and seller.
Residential Property
Texas Residential Purchase Agreement – A real estate purchase and sale agreement for non-commercial properties, such as condos, apartments, houses, etc.
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