How long is the Texas option period? +
It's whatever the buyer and seller negotiate in Paragraph 5B — typically 5 to 14 days. The clock starts on the Effective Date and ends at 5:00 PM local on the day specified. Calendar days, no rollover.
When is earnest money due in Texas? +
Per TREC 20-19 ¶ 5A, earnest money is due within 3 days after the Effective Date by default. If that day is a Saturday, Sunday, or legal holiday, ¶ 5A(2) rolls it to the next business day.
Does the option period expire on weekends? +
Yes. ¶ 5B uses calendar days with no rollover. If the option ends on a Saturday, the buyer must still deliver any termination notice by 5:00 PM that Saturday — this calculator flags weekend expirations explicitly.
How does TREC handle deadlines on a holiday? +
¶ 5A(2) rolls earnest money and option fee deadlines that fall on Saturday, Sunday, or a legal holiday to the next business day. That's a narrow rule — the option period, survey, financing, title, and closing deadlines are all fixed calendar dates and do NOT roll, even on a weekend or holiday.
When is the financing deadline? +
It's set in the Third Party Financing Addendum (40-11) — typically 21 days after the Effective Date. It's a fixed calendar-day count and does not roll for weekends or holidays.