article thumbnail

How Long Does It Take to Close On a House With Cash in 2022? Here’s Your Timeline

HomeLight

Bankruptcy. What if the seller has declared bankruptcy? Option periods. If you have concerns about your home purchase — whether you feel rushed or nervous about spending that much cash — your agent might suggest adding an option period into the contract. During this time period, you could change your mind.

article thumbnail

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

HomeLight

Investors offer alternatives to foreclosure and bankruptcy About 60% of sellers who contact Ramcharitar are behind on their mortgage payments. While some homeowners opt for foreclosure in a distressed situation, others decide to declare bankruptcy. The buyer does due diligence during the option period in Texas.

Sales 66