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PROMULGATED BY THE TEXAS REAL ESTATE COMMISSION (TREE) 4282014 NEW HOME CONTRACT (Incomplete Construction) NOTICE: Not For Use For Condominium Transactions or Closings Prior to Completion of Construction
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A new home contract is a legal agreement between a home builder and a home buyer outlining the terms and conditions of the home purchase.
The home builder is required to file the new home contract.
The new home contract can be filled out by both the home builder and the home buyer together, or by a real estate attorney.
The purpose of the new home contract is to protect both parties involved in the home purchase and ensure that all terms and conditions are agreed upon.
The new home contract must include details such as the purchase price, closing date, warranties, and any contingencies.
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