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

You’ve planned, juggled finances, worried about finding the right house, and then you finally sign a contract. This comprehensive document details everything from the purchase price, down payment, and financing terms to contingencies, closing dates, and any specific conditions both parties must meet before the sale can be finalized.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Working with buyers in the nation’s hottest housing market

Housing Wire

Jay Garrett, a loan officer at Supreme Lending ’s McClellan Branch in Austin, said he is seeing 10 to 40 offers on houses no matter where they are in Austin, and cash offers are winning the day because sellers don’t want to have to worry about the house appraising too low for someone who needs financing. “If Austin has ranked as the No.

Marketing 532
article thumbnail

Find Cash Home Buyers in Los Angeles for a Fast, Simple Sale

HomeLight

This includes the time it takes to sell the property, taxes on the property during the holding period, any necessary services (such as routine pool service), and costs associated with selling the remodeled property, such as closing costs and real estate agent commissions. Need to Sell Your House Fast in Los Angeles?

Sales 88
article thumbnail

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

HomeLight

Whether you grew up in Texas, are relocating for work, or always dreamed of living in this affable state, it’s a great place to buy a house. Nicknamed the Lone Star state, Texas is the second most populous state in the country and the second largest state in land mass. Your dollars might stretch much farther here than they do in many other states.

article thumbnail

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

Redfin

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.

article thumbnail

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

HomeLight

Looking for cash home buyers in Orlando? Perhaps your Metro West resort-style condo isn’t bringing in the revenue you expected as a vacation rental and you don’t want to invest more money to list it on the market. Need to Sell Your House Fast in Orlando? Receive your offer within a week and close in as little as 10 days. million people by 2030.

Sales 78