The option period is a number of days that the buyer and seller agree to in the contract. During those days, you can terminate the purchase for any reason and recover your earnest money.
My article explains how the days are counted and what you can still do once the option period is over.
The full article is on my website, What is the option period in Texas and how does it work?
Si quieres ver el artículo en español, sigue este enlace: ¿Qué es el option period y cómo funciona en Texas?
Lliliam Foster, REALTOR® — Compass. General information only; not legal or financial advice. Compass is a licensed real estate broker in Texas.