Redfin

JULY 15, 2025

In Texas , buyers can purchase time following the inspection, known as the “ option period ” — a non-refundable fee for extra time to inspect the home and back out if needed—without penalty. In California, buyers often have up to 17 days to complete all inspections and requests. Can a seller back out after a home inspection?

Inspection

HomeLight

MARCH 13, 2023

The buyer does due diligence during the option period in Florida. The option period is negotiated between buyer and seller. Cash buyers may want three to 10 days, or even none at all, for due diligence, while this period is typically 15 days for an agent-assisted sale.

Sales

Redfin

JUNE 21, 2023

” Additionally, Jackson adds that you shouldn’t “complete your option period without having that inspection evaluated by a professional contractor.” Don’t forget about taxes Yes, taxes are a significant component of real estate investing.

Due diligence

Redfin

JANUARY 23, 2025

However, the seller has specified that the property may not be toured during specific time periods. Active option contract When you see the active option contract status, it indicates that the seller has accepted an offer, but it falls within the option period.

Purchase and sale agreement