What Does “As Is” Mean? Accepting a property “as is” as stated in Paragraph 7D(1) in the One to Four Family Residential Contract means a buyer accepts the property in its current condition at the time of the execution of the contract. Usually at the time of contract execution the buyer knows very little about…
Texas Option Period If you’ve bought real estate in Texas you are probably familiar with the “option period” clause. The option clause allows buyers and sellers to negotiate a specified time, usually 7 to 10 days, during which a buyer can fully evaluate the condition of the property and perhaps renegotiate the initial offer price…
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