Remove As-is Remove Earnest money deposit Remove Option period Remove Sales
article thumbnail

What Is an Option Period When Buying a Home?

HomeLight

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?

article thumbnail

When Can a Buyer Cancel a Home Purchase Agreement?

HomeLight

A home purchase agreement , often referred to as a real estate contract, is a legally binding document between a buyer and seller outlining the terms of a property sale. A home purchase agreement , often referred to as a real estate contract, is a legally binding document between a buyer and seller outlining the terms of a property sale.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Your Ultimate Guide to Buying a Home in Texas in 14 Steps

HomeLight

Consider factors such as how long you plan to be in the area, if you have steady employment, and if you have enough money saved for not just the down payment, but for closing costs , maintenance, property taxes, and more. Everything’s bigger in Texas” is a popular slogan and this is true for houses as well.

article thumbnail

“Back on the market:” How agents are navigating the uptick in contract cancellations

Real Trends

Houston is one among many markets that has experienced an uptick in the number of pending home sales falling through , a consequence of skyrocketing mortgage rates and stubborn sellers who haven’t adjusted to a cooler market. Buyers – and sellers – are blowing up deals as the housing market cools. In Houston, 20.6% It’s the sellers.

article thumbnail

Real Estate Investing for Beginners: Expert Tips for Buying Your First Investment Property

Redfin

Learning from experienced investors can vastly build your understanding of how it works, beginning with market research and ending with either the sale or signing a tenant in your new rental. If so, you’re in luck because this Redfin article is tailor-made just for you. Everyone has something to offer.

article thumbnail

Find Cash Home Buyers in Houston for a Fast, Simple Sale

HomeLight

Do you need to connect with cash home buyers in Houston for a fast sale? Perhaps you’re relocating for your dream job in two weeks, but you don’t have the time or money to replace the roof on your University Place ranch that has sprung a leak. The newbie with little experience doesn’t have the money to keep it long term.

Sales 65
article thumbnail

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

HomeLight

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. A cash sale: Start to finish. Why pay cash for a home?