When it comes to real estate transactions in Texas, there are a number of documents that need to be signed in order to ensure that all parties are in agreement. One such document is the one-time showing agreement, which is used when a potential buyer wants to view a property but does not want to commit to buying it.
In Texas, the one-time showing agreement is a legally binding document that outlines the terms of the showing. It is important to note that this document is separate from the purchase agreement, which is used when the buyer is ready to make an offer on the property.
The purpose of the one-time showing agreement is to protect both the seller and the potential buyer. By signing this document, the buyer agrees to certain terms, such as not sharing confidential information about the property and not making any offers during the showing. The seller, in turn, agrees to allow the buyer to view the property and to provide access to any necessary information.
The one-time showing agreement is typically prepared by the seller’s agent or attorney, although the buyer may also have their own agent or attorney review it before signing. It is important to ensure that the agreement is fully understood by all parties and that any questions or concerns are addressed before the showing takes place.
Once the one-time showing agreement is signed, the potential buyer can view the property and decide whether or not to make an offer. If the buyer does decide to move forward, a purchase agreement will be prepared and signed by both parties.
In conclusion, the one-time showing agreement is an important document in Texas real estate transactions. It outlines the terms of the property showing and helps protect both the seller and potential buyer. If you are looking to buy or sell a property in Texas, it is important to understand the role of this document and to ensure that it is prepared and signed correctly.