Redfin

JULY 21, 2025

Backing out without cause may result in losing your earnest money deposit. If you’re having doubts, want to reassess your finances, or simply change your mind, doing so before any paperwork is signed allows for a clean exit without risking earnest money or triggering legal consequences.

Earnest money deposit

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?

Option period

HomeLight

MARCH 7, 2024

Sale price and terms: The agreed-upon price for the property and the terms of the payment, including the earnest money deposit amount and financing details. Sale price and terms: The agreed-upon price for the property and the terms of the payment, including the earnest money deposit amount and financing details.

Purchase and sale agreement

HomeLight

MAY 24, 2022

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. But other than reaching the closing table faster with cash, another advantage to a cash offer is that it saves you money long-term. Why pay cash for a home? Why does it take this long?

Purchase and sale agreement

HomeLight

MARCH 16, 2023

The newbie with little experience doesn’t have the money to keep it long term. It takes a lot of money to fix the house and keep it with holding and carrying costs,” Ramcharitar points out. Need to Sell Your House Fast in Houston? Receive your offer within a week and close in as little as 10 days. Available to sellers in Texas.

Sales

Real Trends

OCTOBER 1, 2022

In most instances, if a buyer backs out of a deal due to something on the inspection or for any reasons within the option period, they won’t lose their earnest money deposit. Buyers – and sellers – are blowing up deals as the housing market cools. People just got afraid with the virus — they don’t like uncertainty.

Earnest money deposit

Redfin

JUNE 21, 2023

Have you ever been captivated by the ins and outs of real estate investing, declaring, “I could do that,” or even, “I want to do that,” but couldn’t pinpoint where to start? If so, you’re in luck because this Redfin article is tailor-made just for you. Everyone has something to offer.

Due diligence