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Updated over 9 years ago on . Most recent reply

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Chris Kates
  • Wholesaler
  • Spring, TX
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Experienced Wholesalers

Chris Kates
  • Wholesaler
  • Spring, TX
Posted

What contract do you  suggest I use, the trec 20-12, or a one pager? Or if you could suggest something that's been working for you, that would be great. 

Thanks, Chris K. 

Most Popular Reply

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Hattie Dizmond
  • Investor
  • Dallas, TX
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Hattie Dizmond
  • Investor
  • Dallas, TX
Replied

PS...we tried a couple of different approaches, but almost everyone who owns property in Texas is familiar with the TREC style and form.  As long and complex as it is, it seems to create a greater air of legitimacy and a level of comfort for the seller.  Plus, the length and complexity means, if you use it properly, there really shouldn't be much you need to add to it.  Section 23 is a huge win and eliminates the need for all the goofy "weasel clauses".  Give yourself 10-working days.  If you can't figure out whether to proceed by then, you don't need to be buying the house.  But, Section 23 means you can cancel for any reason or no reason at all, and the only thing you lose is the small Cancellation Option fee you paid under that section.

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