HomeLight

SEPTEMBER 16, 2022

Before inspections, you may fear the state of the home or the seller’s willingness to negotiate repairs if the home needs serious work. In the state of Texas, an “option period” allows a buyer to get these details before making the final choice. What is an option period? When does an option period begin?

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Option period Earnest money deposit Due diligence Inspection 86

HomeLight

MARCH 7, 2024

Contingencies: Conditions that must be met for the sale to proceed, such as home inspections, financing approval, and the sale of the buyer’s current home. What is an option period? Negotiation opportunity: Based on findings during the option period, buyers can renegotiate terms or request repairs from the seller.

Purchase and sale agreement 106

Purchase and sale agreement Earnest money deposit Option period Due diligence 106

Redfin

JUNE 21, 2023

From relationship building to conducting due diligence, you’ll be equipped with the knowledge and strategies to enter the world of real estate investing and buy your first investment property with ease. Never buy a property without having an inspection A home inspection is pivotal in identifying potential flaws within a property.

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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. I get inspections on big-ticket items like the sewer and the foundation.

Sales 91

Sales Purchase and sale agreement Due diligence Inspection 91

HomeLight

MARCH 13, 2023

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. The buyer does due diligence during the option period in Florida.

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Sales Investor Due diligence Renovation 81

HomeLight

MAY 24, 2022

Everyone involved will need time to perform their due diligence. Inspections: One week to book; 2 to 4 hours to complete. Cash buyers can waive an inspection in their purchase agreement, but it’s a very good idea to still have the property inspected “for informational purposes only.” Option periods.

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Purchase and sale agreement Closing Title search Title 104

HomeLight

JULY 31, 2021

Cash investors tend to have access to more capital, resources, and contractors to handle major structural repairs, while traditional buyers are likely to be scared off by an inspection report that flags a faulty foundation. Hot climate. The seller and buyer agree on a price and terms. The buyer and seller sign the closing documents. “In

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Investor Title Due diligence Sales 105