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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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Working with buyers in the nation’s hottest housing market

Housing Wire

Austin, Texas might be the hottest housing market in the country. 1 city in population growth for the last eight years and it was the hottest job market in 2019 and 2020, according to the Wall Street Journal. It is just a super tight housing market. “But in other competitive markets this is what it takes to buy a house.

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When Can a Buyer Cancel a Home Purchase Agreement?

HomeLight

This comprehensive document details everything from the purchase price, down payment, and financing terms to contingencies, closing dates, and any specific conditions both parties must meet before the sale can be finalized. She says buyer’s remorse is something she’s seeing more often in the current housing market.

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

RIS Media

This home warranty partnership instills added comfort in the buying and selling process, particularly in a market with rising prices and multiple bids. . “We’re seeing buyers waiving everything, from appraisals, option periods and inspections,” says Riley, who notes that cash isn’t even winning these days.

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Find Cash Home Buyers in Los Angeles for a Fast, Simple Sale

HomeLight

Receive your offer within a week and close in as little as 10 days. You may see some that market – or send out mailers – to certain niches. Depending on these factors, cash buyers may offer a discounted price to purchase your home, which may be lower than the market value. No showings, no repairs, no open houses.

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Your Ultimate Guide to Buying a Home in Texas in 14 Steps

HomeLight

Consider factors such as how long you plan to be in the area, if you have steady employment, and if you have enough money saved for not just the down payment, but for closing costs , maintenance, property taxes, and more. Keep in mind that this doesn’t include the funds you will need for closing costs. Find a Buyer's Agent in Texas.

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Real Estate Investing for Beginners: Expert Tips for Buying Your First Investment Property

Redfin

Learning from experienced investors can vastly build your understanding of how it works, beginning with market research and ending with either the sale or signing a tenant in your new rental. You should identify a knowledgeable real estate agent who understands the local market and can help you identify promising investment opportunities.