HomeLight

SEPTEMBER 16, 2022

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?

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Option period Earnest money deposit Due diligence Inspection 110

HomeLight

MARCH 7, 2024

You’ve planned, juggled finances, worried about finding the right house, and then you finally sign a contract. 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.

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Purchase and sale agreement Earnest money deposit Option period Inspection 116

Redfin

JUNE 21, 2023

From relationship building to conducting due diligence, you’ll be equipped with the knowledge and strategies to enter the world of real estate investing and buy your first investment property with ease. Understanding and comparing mortgages, government-backed loans, and private financing can greatly impact your financial success.

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Due diligence Earnest money deposit Investor Inspection 54

HomeLight

MAY 24, 2022

Everyone involved will need time to perform their due diligence. This task can happen while you’re obtaining the funds verification (if you didn’t do that in advance), as your bank will need information on where to transfer the money. Submit earnest money: 1 day. Option periods. Low appraisals.

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Purchase and sale agreement Closing Title search Title 111

HomeLight

MARCH 16, 2023

You don’t need the added stress that comes with the risk of the buyer’s financing falling through or a home inspection turning up unpleasant surprises. Rather than invest a great deal of time and money to update your home, you can leave this up to someone else while you begin the next chapter of your life.

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Sales Purchase and sale agreement Earnest money deposit Investor 93