@investwithace · InvestwithACE
Saved 2026-05-15 · Posted 2025-07-30 · Status: New
I’m not your lawyer.. but here’s a more detailed description 👉
Language that makes it clear seller and buyer agree that if the buyer defaults, the earnest money deposit shall be paid to the seller as the sole remedy and buyer shall be released from obligation to purchase the subject property and shall not be liable for liquidated damages experienced by seller due to Buyers cancellation of the sale, and seller waives right to pursue specific performance against the Buyer.
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Comments (12)
Everyone tries to add that, most good attorney's will take it out.
Specific performance is pretty uncommon for buyers usually it happens to sellers who try to back out
Is this a one pager?
Your awesome! 😎
im not accepting your offer then😂
Or on the other hand 😂
You’re literally the 50 cent of real estate investing. Fucking GANGSTER
If somebody’s on smart enough to sign that when in Texas, we have real estate contracts that protect buyers and sellers
That would basically make a contract worthless if you can just cancel at any time. You require the seller to sell but all you do is forfeit $1000 if you quit?? Nope.
Nice Add
I’ve add
Lol. My earnest money was $60k. Where's this located? Podunk town?