As-is Inspection Option period 
Redfin
JULY 15, 2025
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.
Redfin
JUNE 23, 2025
Key takeaways An option contract gives the right, but not the obligation, to buy a property. An option fee is paid to secure this right. Option contracts provide flexibility for buyers and sellers in real estate transactions. it’s important to understand certain real estate terms like “option contract”.
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Redfin
JULY 21, 2025
These include contractual protections like contingencies, state-specific allowances like the option period, and financial repercussions such as forfeiting earnest money. Home inspection contingency : Allows termination if major issues are found during the inspection. The answer is yes — but it’s complicated.
The Close
JANUARY 16, 2025
If youre looking to buy a home but have financial concerns or hesitations about bank loans, choosing the rent-to-own path is a great option, as opposed to the traditional mortgage path. Lets dive in so you can decide if this option is right for you. This is also useful with an incoming tenant interested in a rent-to-own option.
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?
Housing Wire
APRIL 13, 2021
Richardson also noted that there have been fewer property inspection waivers issued by Fannie Mae in the last several months, keeping appraisers, inspectors and others in valuation very busy. Austin has ranked as the No. And all of those prospective homeowners flocking to the city are fighting for the same small pool of houses.
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. Buying a home is rarely done with casual disregard. You’ve planned, juggled finances, worried about finding the right house, and then you finally sign a contract.
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