Our Seller Terms, in Plain English
Most cash buyers describe their process and leave the contract itself for later. We publish ours. The nine terms below are written into every contract Ready Estates signs, and they are the terms you can hold us to after you sign, not just before.
Each term is stated the way it works in practice, with a short note on why it is there. If you are comparing buyers, print this page and ask each one whether their contract says the same. Our checklist page turns these terms into questions you can put to any buyer.
1. The buyer named on the contract is Kunjar Bhaduri
We use the standard Texas TREC contract form, and the buyer named on it is Kunjar Bhaduri, the owner of Ready Estates. The contract cannot be assigned to anyone else, and it contains no "and/or assigns" language. If we fail to close for a reason on our side, your remedy is to cancel the contract and keep the earnest money, under the rule in Term 3. A substitute buyer is never brought in.
In Dallas-Fort Worth, many cash offers come from wholesalers whose plan is to hand the signed contract to a different buyer, who may or may not close. Naming the buyer and barring assignment takes that hand-off out of your sale.
2. The signed price is the closing price
Once the contract is signed, the price does not change because the market moved, because someone else reviewed the file, or because of anything seen at the walkthrough. There is one exception, and it has a process. If a material condition of the house was neither disclosed to us nor visible at the walkthrough, we show you a written repair estimate or the title commitment that identifies it. You then choose: agree to an adjusted price in writing, or cancel the contract and the earnest money is refunded to us in full. Any other attempt by us to change the price counts as a failure to close on our side, and under Term 3 you may cancel and keep the earnest money.
Sellers' complaints in this business include lower numbers arriving days before closing, after other buyers have been turned away. Our diligence happens at the walkthrough, before the offer, so the offer is based on the house as we found it, and not on a second look after you have committed.
3. Earnest money, deposited at the title company, with the receipt sent to you
The amount is stated in the written offer before you sign. We deposit it with the title company within 3 business days of signing, and we email you the title company's receipt. If the contract ends because we failed to close for a reason on our side, whether we miss the closing date, try to change the price outside the single process in Term 2, or simply cannot perform, you may cancel and keep the earnest money. If you end the contract instead, inside the 3-day window in Term 5 or by choosing cancellation under Term 2, any earnest money already deposited is refunded to us. Put plainly: if we fail to close on our side, you may cancel and keep the deposit; if you cancel under Term 2 or Term 5, it comes back to us.
Earnest money is how a buyer shows the commitment is real, and a receipt from the title company proves the deposit happened instead of asking you to take our word for it. One honest gap: we do not publish a standard amount in advance, because the amount is set in each offer. The written offer you receive will state the exact figure before you sign anything.
4. No option period
Our contract has no option period and no post-signing inspection period. We inspect the house at the walkthrough, before the offer is written, and the offer is based on what we saw.
An option period gives a buyer a window to reopen the price after signing. Doing the inspection first, at the walkthrough, is what makes the price lock in Term 2 an honest promise.
5. You may cancel within 3 days after signing
For 3 days after you sign, you may cancel the contract for any reason, in writing, with no penalty. If earnest money has already been deposited when you cancel, it is refunded to us in full. Texas law does not give a seller this right in a sale like this one, so we write it into the contract ourselves. Before you sign, the written offer stands for 7 days, and on probate and estate sales we do not ask anyone to sign at the first visit.
A signature given under time pressure is the one sellers regret. Three days lets you talk it over with family or an attorney after the visit, when nobody is sitting across the table from you.
6. Nothing is recorded against your house
We do not record the contract, a memorandum, an affidavit, or a lis pendens against your property. If the contract is cancelled for any reason, we sign a written termination and release within 3 business days, so your title is clear to sell to someone else. During the 3-day cancellation window in Term 5, we also will not sue to force the sale. After that window, the signed contract binds both sides, the way any real estate contract does, but binding does not erase the other rights in these terms: Term 2 still lets you choose cancellation if a material condition is documented after signing, and if we fail to close on our side, Terms 1 and 3 let you cancel and keep the earnest money. The window is there so you can change your mind before that point, and the release is there so a cancelled contract never leaves anything hanging over your title.
Recorded paperwork can cloud a title and turn a simple change of mind into a dispute. None of that machinery is pointed at your house.
7. You choose the title company, and the title company estimates your net
You pick the title company that handles the closing. Before you sign, that title company prepares a written estimate of your net proceeds, listing the expected mortgage, tax, and lien payoffs as estimates. The estimate comes from the title company rather than from us, and it stays an estimate, because payoff figures can change before closing. We do not hold back any part of the price unless the signed contract says so and gives the holdback an automatic release date.
What reaches your bank account is set by payoffs and closing figures, not by the headline price. Those figures should come to you in writing from the company that will handle the money, before you commit to anything.
8. The closing date is a hard date
You choose the closing date, and the contract does not allow us to extend it on our own. If we miss the date, you may cancel and keep the earnest money. Where a foreclosure sale date is on the calendar, the contract also names a checkpoint date, set with time to spare before the sale date, by which we confirm to you in writing whether the title can clear in time.
We can commit to our own performance dates, and this term does that. It cannot promise a foreclosure outcome. Only a completed closing pays a loan off, so keep talking to your loan servicer while any sale is pending, and consider a free HUD-approved housing counselor at (800) 569-4287.
9. You may stay up to 30 days after closing
If you need time after closing to move, you may remain in the house for up to 30 days at no charge under the standard TREC Seller's Temporary Residential Lease. The sale still closes on your chosen date. The lease simply separates the moving day from the closing day.
This promise has to come from whoever will own the house after closing. Our contract names that buyer before you sign and bars assignment, so the person promising you the extra days is the person who will hold the title and can grant them.
What these terms do not do
These terms describe how Ready Estates buys. They are not legal advice, and they do not replace reading the contract itself, which you should do, with your own attorney if you want one. Ready Estates is a real estate investment business. We are not real estate agents or brokers, and we do not list houses.
Start with the address
The offer is free, and the terms above are the terms it comes with.