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The seller is required by the Texas Water Code to provide a buyer a notice to purchasers indicating that property is located within a MUD prior to the buyer entering into a sales contract. The notice must provide information regarding the tax rate, bonded indebtedness, and fees, if any, of the MUD.
Until both parties have come to an agreement on all the contract terms and actually signed the purchase agreement, neither of you are legally bound to anything, and you can withdraw your offer without any problem.
A standard three-day cancellation clause?Many real estate contracts give either party to the right to terminate for any reason within 72 hours of signing the contract. The denial of financing?As a general rule, real estate agreements are contingent upon the buyer obtaining financing.
An offer to purchase a property can be rescinded or withdrawn at any time before it is accepted. For a rescission to be effective it must be given as a notice in writing and received by the other party. There is a Texas Association of Realtors form that can be used called Notice of Withdrawal of Offer.
With a conditional job offer, an employer can withdraw a job offer if the conditions of the offer are not met. For example, if references show the applicant might not be able to do the job. If all the conditions have been met and the employer withdraws a conditional job offer, this could be a breach of contract.