Banks Due diligence Inspection contingency Option period 
HomeLight
MARCH 13, 2023
Reiner advises asking for proof of funds such as a bank statement to ensure the buyer has sufficient resources to close the deal. With a cash home buyer, there are usually no financing or inspection contingencies typically found in traditional real estate contracts. The option period is negotiated between buyer and seller.
HomeLight
MARCH 16, 2023
There are just not enough buyers who have a good credit rating and can get bank underwriting,” he says. Ramcharitar advises asking for proof of funds such as a bank statement to ensure the buyer has enough resources to cover the price of the home. The buyer does due diligence during the option period in Texas.
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