Remove Closing Remove Earnest money deposit Remove Marketing Remove Option period
article thumbnail

What Is an Option Period When Buying a Home?

HomeLight

In the state of Texas, an “option period” allows a buyer to get these details before making the final choice. Keep in mind that option periods are specific to Texas and other states will have different processes that give buyers the time they need to make the final decision. What is an option period?

article thumbnail

When Can a Buyer Cancel a Home Purchase Agreement?

HomeLight

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. She says buyer’s remorse is something she’s seeing more often in the current housing market.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Your Ultimate Guide to Buying a Home in Texas in 14 Steps

HomeLight

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.

article thumbnail

Real Estate Investing for Beginners: Expert Tips for Buying Your First Investment Property

Redfin

Learning from experienced investors can vastly build your understanding of how it works, beginning with market research and ending with either the sale or signing a tenant in your new rental. You should identify a knowledgeable real estate agent who understands the local market and can help you identify promising investment opportunities.

article thumbnail

How Long Does It Take to Close On a House With Cash in 2022? Here’s Your Timeline

HomeLight

If you only pay cash for the down payment, and take out a mortgage for the remainder of the purchase price, it keeps more money in your pocket. In a competitive market, paying cash could help you beat out other homebuyers. Sellers tend to prefer all-cash offers because those deals close more quickly. Setting the standard.

article thumbnail

Find Cash Home Buyers in Houston for a Fast, Simple Sale

HomeLight

We’ve gathered insights from real estate experts to create this guide for navigating Houston’s cash home buyer market so you can sell your property in as fast a time frame as you require. Receive your offer within a week and close in as little as 10 days. The newbie with little experience doesn’t have the money to keep it long term.

Sales 63