Real Trends

OCTOBER 1, 2022

In most instances, if a buyer backs out of a deal due to something on the inspection or for any reasons within the option period, they won’t lose their earnest money deposit. Nichols said she worked with one seller who, despite receiving multiple offers, ultimately decided to lease the property because a bidding war didn’t develop.

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Earnest money deposit Agents Purchase and sale agreement Marketing 68

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. ” Additionally, Jackson adds that you shouldn’t “complete your option period without having that inspection evaluated by a professional contractor.”

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Due diligence Earnest money deposit Investor Inspection 57

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. The buyer and seller sign the closing documents. You receive a check or have money wired into your account.

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Sales Purchase and sale agreement Due diligence Inspection 88

HomeLight

MARCH 13, 2023

The buyer does due diligence during the agreed-upon option period in Texas (the number of days the buyer has to thoroughly inspect the property and terminate the contract for any reason: typically one to 10 days). Be on the lookout for vacant homes in your development that are undergoing renovations.

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Sales Investor House Flipping Pre-approval 66

HomeLight

MARCH 13, 2023

As concrete foundations settle on sandy soil, houses may develop settlement cracks and other foundation issues. The buyer does due diligence during the option period in Florida. The option period is negotiated between buyer and seller. Look for dumpsters, permit boxes, or contractor signs.

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Sales Investor Due diligence Renovation 76

HomeLight

MARCH 16, 2023

The buyer does due diligence during the option period in Texas. The option period is the number of days the buyer has to thoroughly inspect the property and terminate the contract for any reason. 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