Real Estate Chit Chat with Kristen Ueckert in Keller Texas

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Will rejecting a change to the contract kill a deal?

Will rejecting a change to the contract kill the deal?

SOURCE: TEXAS ASSOCIATION OF REALTORS LEGAL STAFF

After I accepted an offer on my home, the buyer sent me an amendment to the contract to extend the closing date. Does this mean the original contract isn’t valid unless I accept the amendment?

No. If you don’t accept the amendment, the underlying contract is still in place and will remain in effect until terminated. Amendments only add to or subtract from the underlying contract, and both parties must agree for the amendment to be in place. If one party wants an amendment and the other does not, the underlying contract will remain in place.

SOURCE: TEXAS ASSOCIATION OF REALTORS LEGAL STAFF

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2 commentsKristen Ueckert • April 24 2014 12:27PM
Will rejecting a change to the contract kill a deal?
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