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What Is an Option Period When Buying a Home?

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. For example, states such as North Carolina and Georgia have a due diligence period that works in a similar way. Type of inspections needed for the buyer to do their due diligence.

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Option period Earnest money deposit Due diligence Inspection 92
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What Does Contingent Mean in Real Estate Sales

Realty Biz

NOVEMBER 11, 2020

They will also get their earnest money deposit back , and the home will go back on the market. Home Inspection Contingency. Home inspections are one of the biggest hurdles in home sales. In real estate jargon, this is referred to as a “backup offer.”

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Backup offer Sales Home sale contingency Earnest money deposit 111
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