None-negotiable Sale Terms for Auction Listing – Seller Conditions

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1. Title Policy
Seller agrees to provide a marketable title and owner’s title policy at Seller’s expense, issued by Austin Title, Cedar Park, Texas.
 

2. Inspection / Option Period
Buyer shall have a 10-day unrestricted right to terminate the contract (Option Period) beginning the day after the Effective Date, with no Option Fee required. TREC Paragraph 5B: "Buyer shall have a 10-day option period and pay $0 Option Fee."
 

3. Financing Contingency
Buyer shall obtain Conventional Loan financing and shall deliver written notice of Third-Party Loan Approval no later than 21 calendar days from the Effective Date of the contract. To be included using the TREC Third Party Financing Addendum (TREC 40-9).
 

4. Earnest Money Deposit
Buyer shall deliver $1,277.00 in earnest money to the escrow agent within 3 calendar days after the Effective Date of the contract.
 

5. Non-Refundable After Option Period
Buyer acknowledges that the $1,277.00 earnest money becomes non-refundable to Buyer upon expiration of the 10-day Option Period unless terminated due to failure of contract contingencies as provided in the contract. To be inserted in Paragraph 11 (Special Provisions).

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6. Title Company
The transaction shall be closed at Austin Title, Cedar Park, Texas, as selected by Seller. All parties agree to cooperate in providing necessary documentation for a timely close.
 

7. Buyer Agent Commission
Seller agrees to pay a 3.5% commission to a licensed buyer’s agent, to be paid at closing through escrow.
 

8. Commission Addendum
Seller agrees to sign a Commission Agreement/Addendum upon receipt of a fully executed TREC Purchase and Sale Agreement (PSA).
 

9. No Creative Terms
Buyer shall not assign this contract, enter into a novation, use a double escrow structure, or engage in any installment sale or contract-for-deed structure. No JV disposition agreements allowed. Any such activity shall constitute default.

To be inserted in Paragraph 11 (Special Provisions).
 

10. Seller Entity
Seller is to be: Fei-Li Liu, individually and as Trustee of the Living Trust of Mei-Ying Tsai Liu.

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Buy It NOW before Auction
Optional Seller Financing – Subject To Sale

Seller is open to a Subject To arrangement:

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• Seller financing amount: $260,000

• Interest rate: 3.25% fixed for 27 years

• Monthly payment: $1,209.39

• Total purchase price: $555,777 (Seller’s original purchase price)

• Buyer’s cash deposit balance due at closing: $295,777 + buyer’s closing costs