Remove Due diligence Remove Inspection Remove Inspection contingency Remove Technology
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From Contract to House Keys: Breaking Down the House Closing Process

HomeLight

You still have to make it through the house closing process, where inspections , credit problems, or paperwork issues can trip you up. The average time to close a loan was 48 days in July 2021 , according to ICE Mortgage Technology, a company that produces mortgage management technology. Source: (Call Me Fred / Unsplash).

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Find Cash Home Buyers in Orlando for a Fast, Simple Sale

HomeLight

You don’t need the added stress of waiting for the buyer’s mortgage approval or a home inspection turning up any unpleasant surprises. With a cash home buyer, there are usually no financing or inspection contingencies typically found in traditional real estate contracts. Due diligence for a cash buyer is mostly title related.

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Find Cash Home Buyers in Houston for a Fast, Simple Sale

HomeLight

He adds that negotiations and home inspection issues could further reduce the price by 10%. 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. The buyer does due diligence during the option period in Texas.

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