In Texas, you can terminate a real estate contract if the agreement contains valid contingencies such as inspection, financing, appraisal, or title and those contingencies are not met or are properly exercised within the timeframes specified in the contract, giving you a contractual right to cancel. You may also cancel if the seller materially breaches the contract, fails to provide required property condition disclosures under Texas Property Code §§ 5.008 and 5.009, or if the contract includes a termination option (such as a buyer’s right to terminate within a specific option period).
Questions? To chat with a landlord tenant attorney, Click here
The information for this answer was found on our Texas Real Estate Purchase Agreement answers.