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What Is an Option Period When Buying a Home?

HomeLight

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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When Can a Buyer Cancel a Home Purchase Agreement?

HomeLight

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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Working with buyers in the nation’s hottest housing market

Housing Wire

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.

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Austin-Based REALTOR® Leverages Home Warranty Partnership in High-Demand Market

RIS Media

“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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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?

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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.

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

Real Trends

Recently, I have only had one cancellation by a buyer and that was because during the inspection, things were revealed that were not visible on the surface and the buyer walked away because she didn’t want to spend the time or the money to correct all of the issues.”. Buyers – and sellers – are blowing up deals as the housing market cools.