Earnest money deposit Option period Proof of funds Title search 
HomeLight
MAY 24, 2022
The seller needs to verify that the cash buyer has the money to buy the house: 24 to 48 hours. Without a lender to verify funds, the seller will likely request proof of funds and earnest money from the buyer. Submit earnest money: 1 day. Title search: 3 days. Option periods.
HomeLight
MARCH 16, 2023
Save money on closing costs and other fees: Although you’ll probably give a discount by selling to a cash buyer, you’ll save on various costs that cut into your profit with a traditional sale such as real estate agent commission averaging 6% in Houston. The buyer does due diligence during the option period in Texas.
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