HomeLight

MARCH 7, 2024

Here’s a quick look at common factors prompting home buyers to back out of a purchase agreement: Financing issues: Buyers struggling to secure a mortgage or facing unfavorable loan terms may opt to cancel the purchase. What is an option period?

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Purchase and sale agreement Earnest money deposit Option period Due diligence 107

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. Understanding and comparing mortgages, government-backed loans, and private financing can greatly impact your financial success.

Due diligence 57

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. Whether you’re working with a local or online cash-buying company , a seller should perform due diligence when working with a cash buyer. The buyer runs the numbers and makes an offer.

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Sales Purchase and sale agreement Due diligence Inspection 92

HomeLight

MARCH 13, 2023

If you paid top dollar for your Orlando home and need to sell before you intended due to a change of life circumstances such as divorce or lost job, you might have little or no equity which makes it difficult to take the traditional sales route. The buyer does due diligence during the option period in Florida.

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Sales Investor Due diligence Renovation 82

HomeLight

MAY 24, 2022

But just how long does it take to close on a house with cash, compared to a traditional loan? Everyone involved will need time to perform their due diligence. The bulk of the time, however, is consumed by loan underwriting and processing. Option periods. During this time period, you could change your mind.

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Purchase and sale agreement Closing Title search Title 105

HomeLight

MARCH 13, 2023

They may want to avoid the 6% interest rate of a loan by buying with cash. Flexible closing date: While closing typically takes place faster with a cash buyer than with a traditional loan-backed sale, Speed points out that sellers may need to wait a little longer before closing. No pre-qualifying for a loan.

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Sales Investor House Flipping Pre-approval 71

HomeLight

JANUARY 20, 2023

That’s much shorter than the timeline for selling a house to a Dallas mortgage buyer, which is usually around 42 days to find a buyer, plus the typical 50 days a buyer needs to close on a purchase loan. According to data from Ellie Mae, purchase loans take an average of 50 days to close. The seller and buyer agree on a price and terms.

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Sales Investor Due diligence Agents 77