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 88

Housing Wire

APRIL 13, 2021

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. If they get a higher offer that has financing, then when appraisal comes back, the buyer is going to renegotiate the sales price to be closer to appraised value.”.

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HomeLight

MARCH 7, 2024

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. Appraisal concerns: If the property appraises for less than the offer price , it can jeopardize financing, prompting buyers to back out. What is an option period?

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Purchase and sale agreement Earnest money deposit Option period Due diligence 108

RIS Media

AUGUST 17, 2021

“We’re seeing buyers waiving everything, from appraisals, option periods and inspections,” says Riley, who notes that cash isn’t even winning these days. With 15 years of experience in the business, Riley launched her career in Atlanta before settling in Texas in 2008.

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Marketing Option period Closing costs MLS 98

HomeLight

AUGUST 29, 2022

While it is not always recommended to completely waive contingencies to impress a seller, you might consider pairing down to just the inspection contingency and financing contingency to remain competitive. Contingencies: Financing, home inspection, and appraisal. Order inspections and appraisal. Closing date.

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HomeLight

MARCH 13, 2023

Speed: One of the biggest benefits is a fast sale, as cash buyers are able to close the transaction quickly without the delays often associated with traditional home sales, such as waiting for financing approval or appraisal. The buyer does due diligence during the option period in California, which is typically one to 10 days.

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Sales Purchase and sale agreement Due diligence Inspection 93

Redfin

JUNE 21, 2023

An appraiser will help identify the actual value of a property, which can help you avoid overpaying. Never buy a property without having an inspection A home inspection is pivotal in identifying potential flaws within a property. Don’t forget about taxes Yes, taxes are a significant component of real estate investing.

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Due diligence Earnest money deposit Investor Inspection 54