HomeLight

MARCH 13, 2023

Insurance companies may not insure homes with aluminum wiring or Federal Pacific Stab-Lok electrical panels due to the greater risk of fire. You are either replumbing the house, rewiring the house, or putting a new roof on the house prior to closing so that a financed buyer can get insurance.

Sales 84

Sales Investor Due diligence Renovation 84

HomeLight

MAY 24, 2022

Everyone involved will need time to perform their due diligence. Without a lender to verify funds, the seller will likely request proof of funds and earnest money from the buyer. Option periods. During this time period, you could change your mind. Why does it take this long? Low appraisals.

Purchase and sale agreement 106

Purchase and sale agreement Closing Title search Title 106

HomeLight

MARCH 13, 2023

You don’t have to deal with negotiating offers, low appraisals, or the risk of a buyer’s financing falling through. 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).

Sales 73

Sales Investor House Flipping Pre-approval 73

HomeLight

MARCH 16, 2023

You don’t need the added stress that comes with the risk of the buyer’s financing falling through or a home inspection turning up unpleasant surprises. Less hassle: You won’t need to worry about showings, open houses, fielding offers, negotiating, low appraisals, or the risk of the buyer’s financing falling through.

Sales 68

Sales Purchase and sale agreement Earnest money deposit Investor 68