Within how many days can the buyer terminate an offer after receiving the seller's disclosure of property condition?

The correct answer is that the buyer can terminate an offer within seven days after receiving the seller's disclosure of property condition. This timeline is established by Texas law to ensure that buyers have a sufficient opportunity to review the disclosures made by the seller regarding the property's condition before proceeding with the purchase. The seven-day period allows the buyer to assess any potential issues that may affect their decision to move forward with the contract.

This provision is designed to protect buyers, giving them the legal right to back out of the transaction if they discover anything concerning in the disclosure that could substantially influence their purchasing decision. In Texas, this timeline is specifically articulated in the Property Code provisions related to residential real estate transactions.

Understanding this period is essential for any buyer or real estate professional, as it clarifies the expectations around disclosures and the buyer's ability to conduct due diligence before finalizing a purchase agreement.