Yes, in Texas a seller may be able to cancel a real estate contract if the agreement includes specific contingencies (such as the buyer failing to meet financing, appraisal, inspection, insurance, or home sale requirements), if both parties mutually agree to terminate, or if the buyer breaches the contract terms.
Outside of those situations, a seller generally cannot cancel without potential legal consequences, such as being sued for breach of contract.
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The information for this answer was found on our Texas Real Estate Purchase Agreement answers.