Redfin

JUNE 21, 2023

Scott Jones, the economic development director for the city of Manor, Texas , proudly showcases his community as a shining example of a location’s potential. Explore your loan options When buying your first investment property, it’s essential to explore the available loan options.

Due diligence 57

Due diligence Earnest money deposit Investor Inspection 57

HomeLight

MARCH 13, 2023

They may want to avoid the 6% interest rate of a loan by buying with cash. Flexible closing date: While closing typically takes place faster with a cash buyer than with a traditional loan-backed sale, Speed points out that sellers may need to wait a little longer before closing. No pre-qualifying for a loan.

Sales 67

Sales Investor House Flipping Pre-approval 67

HomeLight

MARCH 13, 2023

As concrete foundations settle on sandy soil, houses may develop settlement cracks and other foundation issues. Joseph has encountered active military who recently purchased homes with a VA loan, but got orders to ship out only to find that their home hadn’t appreciated much in a short time. That’s the ease of Simple Sale!

Sales 77

Sales Investor Due diligence Renovation 77

HomeLight

MARCH 16, 2023

So you won’t be holding your breath until the buyer’s loan approval comes through or be on the hook for needed repairs discovered during the home inspection. The buyer does due diligence during the option period in Texas. Krueger says the due diligence period in Houston is typically 10 days for an agent-assisted sale.

Sales 63

Sales Purchase and sale agreement Earnest money deposit Investor 63

HomeLight

MARCH 13, 2023

The buyer does due diligence during the option period in California, which is typically one to 10 days. Although there are no required disclosures because the property is being sold as-is, there is an inspection period. According to data from Ellie Mae, purchase loans take an average of 50 days to close.

Sales 86

Sales Purchase and sale agreement Due diligence Inspection 86