Remove Agents Remove Inspection Remove Option period
article thumbnail

What Is an Option Period When Buying a Home?

HomeLight

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?

article thumbnail

Working with buyers in the nation’s hottest housing market

Housing Wire

Rapidly accelerating home prices come with a variety of challenges for lenders and real estate agents, including one of the biggest pain points right now — the appraisal gap. Real estate agents and lenders are working together to try to get buyers into houses. In fact, Austin has just about 1.2 months of supply, and has seen a 19.7%

Marketing 535
Insiders

Sign Up for our Newsletter

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

article thumbnail

How Many Days After the Inspection Does the Buyer Have to Respond? All About the Fast-Moving Home Inspection Period

Redfin

The reality check of the home inspection can be a decisive point in the homebuying process—it’s when hidden issues come to light that can make or break whether or not a home is still the right choice. If you’re wondering how long buyers have to respond after the inspection report comes in, you’re not alone.

31
article thumbnail

When Can a Buyer Cancel a Home Purchase Agreement?

HomeLight

Achieve Greater Buyer Confidence With a Top Agent HomeLight can connect you with the most experienced buyer’s agents in your home shopping area. Contingencies: Conditions that must be met for the sale to proceed, such as home inspections, financing approval, and the sale of the buyer’s current home.

article thumbnail

Option Contracts in Real Estate: A Flexible Tool for Buyers and Sellers

Redfin

In exchange for this right, the buyer pays a non-refundable option fee. The seller agrees not to sell the property to anyone else during the option period. Key components of an option contract Several components make up an option contract: Optionor and optionee: The optionor is the seller, granting the right to buy.

article thumbnail

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

HomeLight

Byron Ford , an agent in New Bedford , Massachusetts, works with 76% more single-family homes than other agents in his area. Real Estate Agent. Real Estate Agent at Keller Williams South Shore. Your agent can help you find a title company to handle the title search, and title insurance, which is always recommended.

article thumbnail

How to Find Rent-to-Own Homes: An Investor Guide

The Close

The terms of the rent-to-own contract outline the purchase price, the option period (when the tenant can exercise the option to buy), rent premiums, financing terms, and option fees. your next step is to explore your location options. These steps inform your decision on whether the property is worth investing in.