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. Unresolved title issues: Encumbrances or disputes related to the property’s title can complicate the sale, prompting buyers to cancel the agreement.

Purchase and sale agreement 104

Purchase and sale agreement Earnest money deposit Option period Due diligence 104

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.

Due diligence 57

Due diligence Earnest money deposit Investor Inspection 57

HomeLight

MARCH 13, 2023

Once both parties agree on the price, they sign a contract and submit it to a title company (at which point it goes into escrow). The buyer does due diligence during the option period in California, which is typically one to 10 days. I get inspections on big-ticket items like the sewer and the foundation.

Sales 88

Sales Purchase and sale agreement Due diligence Inspection 88

HomeLight

MAY 24, 2022

Everyone involved will need time to perform their due diligence. Every home sale has its quirks, but in general, “a cash sale can be turned over in a week to two weeks,” according to Suz Poepke Pohl, owner and escrow agent at Cygneture Title for the past 10 years. Secure title and escrow services: 1 day.

Purchase and sale agreement 103

Purchase and sale agreement Closing Title search Title 103

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. Home-buying companies generally pick up closing costs including title search and title insurance that usually range from 1.5% Both parties sign a contract and submit it to a title company.

Sales 77

Sales Investor Due diligence Renovation 77

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. Both parties sign a contract and submit it to a title company. Hot climate.

Investor 104

Investor Title Due diligence Sales 104

HomeLight

MARCH 13, 2023

Both parties sign a contract and submit it to a title company. 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 67

Sales Investor House Flipping Pre-approval 67