Due Diligence (Option Period)

Congratulations! You have a house under contract and you are ready to move forward!  There are just a few things that you and your Agent need to take care of before you can close on this home.

What is an Option Period?

In Texas, the Option Period is a period of time, on average about 10 days, that begins when the contract is executed, for which the buyer pays a small fee, and during which any and all inspections of the property should be conducted.

What Happens During the Option Period?

During this time, the Buyer should have all inspections conducted on the property.  This will help you, the buyer, decide whether you want to move forward with the purchase of this home.

Moving Forward


If the inspections show problems with the house (as most, if not all, will) that you, the Buyer, would like addressed by the seller, your Agent will go back and re-negotiate these into the contract.   If these negotiations do not work out, and/or if you feel you need to walk away from this property, you can do so within the Option Period while only sacrificing the small Option Fee.

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