Remove Backup offer Remove Due diligence Remove Inspection Remove Lending
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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. 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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Will a House With an Offer On It Be Removed From the MLS? Agents Explain How It Works

HomeLight

From the terms for different types of houses to the lingo associated with lending, there’s plenty of terminologies that can feel overwhelming for a buyer to keep up with. When [my team] lists properties, we actually encourage all of our clients to accept a backup offer,” says Cheperdak.

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