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 84

HomeLight

MAY 24, 2022

But just how long does it take to close on a house with cash, compared to a traditional loan? If you’re buying a house with a standard mortgage, closing takes about 49 days , according to the June 2021 ICE Mortgage Technology Origination Insight Report. Everyone involved will need time to perform their due diligence.

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Purchase and sale agreement Closing Title search Title 106

HomeLight

MARCH 16, 2023

So you won’t be holding your breath until the buyer’s loan approval comes through or be on the hook for needed repairs discovered during the home inspection. The buyer does due diligence during the option period in Texas. But there is generally no due diligence period for a cash buyer.

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Sales Purchase and sale agreement Earnest money deposit Investor 68