HomeLight

SEPTEMBER 16, 2022

Before inspections, you may fear the state of the home or the seller’s willingness to negotiate repairs if the home needs serious work. In the state of Texas, an “option period” allows a buyer to get these details before making the final choice. What is an option period? When does an option period begin?

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Option period Earnest money deposit Due diligence Inspection 102

HomeLight

MARCH 7, 2024

This comprehensive document details everything from the purchase price, down payment, and financing terms to contingencies, closing dates, and any specific conditions both parties must meet before the sale can be finalized. What is an option period?

Purchase and sale agreement 113

Purchase and sale agreement Earnest money deposit Option period Due diligence 113

HomeLight

AUGUST 29, 2022

Consider factors such as how long you plan to be in the area, if you have steady employment, and if you have enough money saved for not just the down payment, but for closing costs , maintenance, property taxes, and more. Keep in mind that this doesn’t include the funds you will need for closing costs. Closing date.

Earnest money deposit 109

Earnest money deposit Title Inspection Title search 109

Redfin

JUNE 21, 2023

Never buy a property without having an inspection A home inspection is pivotal in identifying potential flaws within a property. Home inspections can also help determine an investor’s renovation budget and help alleviate newfound stressors throughout the rehab process.

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Due diligence Earnest money deposit Investor Inspection 57

HomeLight

MAY 24, 2022

Sellers tend to prefer all-cash offers because those deals close more quickly. Even though it’s all cash to the sellers at closing, with a cash offer, “you don’t have to go through the appraisal or the bank approval process — it’s cleaner.”. Paying cash saves you money, and you might need a place to live sooner rather than later.

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Purchase and sale agreement Closing Title search Title 109

HomeLight

MARCH 16, 2023

Receive your offer within a week and close in as little as 10 days. Ramcharitar says sellers also pay 2% of the sales price for closing costs and another 2% for title insurance. He adds that negotiations and home inspection issues could further reduce the price by 10%. A house-buying company generally pays closing costs.

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Sales Purchase and sale agreement Earnest money deposit Investor 80