What paperwork do I need to Terminate A Contract During the Option Period?
Bummer it didn’t fly. No worries, follow these directions and Rock On.
1. When terminating a contract during the option period have the buyer check Box (1) of the NOTICE OF BUYER TERMINATING CONTRACT form. Click the picture to download the form [TAR 1902 or TREC No. 38-4]
2. Complete the RELEASE OF EARNEST MONEY [TAR 1902] and send the signed forms to the listing agent. After the seller signs the RELEASE OF EANEST MONEY form deliver the signed-by-all parties release to the title company. The title company should release the earnest money to the buyer. Click the picture to download the Release Of Earnest Money form.
About ken@kenbrand.com
Ken is the General Sales Manager for The Woodlands Area Marketing Center for Better Home And Gardens Real Estate Gary Greene.
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Paradox. Surprise. Uncommon Sense. Irony. ELBs. Impressions. Observations. Less Blah Blah-More Ah-Ha.
If I can be helpful, call, text or eMail - Ken Brand | 832-797-1779 | Ken@KenBrand.com.
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