article thumbnail

What Is an Option Period When Buying a Home?

HomeLight

In the state of Texas, an “option period” allows a buyer to get these details before making the final choice. Keep in mind that option periods are specific to Texas and other states will have different processes that give buyers the time they need to make the final decision. What is an option period?

article thumbnail

When Can a Buyer Cancel a Home Purchase Agreement?

HomeLight

She says buyer’s remorse is something she’s seeing more often in the current housing market. To get a better feel for what’s happening in the current market, HomeLight surveyed more than 1,000 of the nation’s top-rated real estate agents. What is an option period?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Real Estate Investing for Beginners: Expert Tips for Buying Your First Investment Property

Redfin

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. Let’s get started! However, these risks can be mitigated by leveraging available data.

article thumbnail

Find Cash Home Buyers in Los Angeles for a Fast, Simple Sale

HomeLight

Request Offer Inside the Los Angeles cash-for-homes market If you’re looking for a cash home buyer in Los Angeles, you’re not alone: “In 2021 nearly one-third of all Los Angeles properties were purchased with cash,” says Matthew Ornelas , a Los Angeles area real estate agent who sells homes 38% quicker than the average Chino agent.

Sales 96
article thumbnail

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

HomeLight

Perhaps your Metro West resort-style condo isn’t bringing in the revenue you expected as a vacation rental and you don’t want to invest more money to list it on the market. Expanding population and job market fuel rental growth Greater Orlando’s population of 2.67 Need to Sell Your House Fast in Orlando? million people by 2030.

Sales 87
article thumbnail

How Long Does It Take to Close On a House With Cash in 2022? Here’s Your Timeline

HomeLight

In a competitive market, paying cash could help you beat out other homebuyers. Everyone involved will need time to perform their due diligence. This time frame depends on many factors, such as the level of local market activity and how easy it is for the appraiser to find recent comparable home sales. Option periods.

article thumbnail

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

HomeLight

The Austin area is fortunate to have a growing, active housing market. In this post, we’ll look at the local cash-for-homes market, how much cash buyers pay, the benefits and process you can expect, and how to find a trusted cash buyer in Austin. Do you need to connect with cash home buyers in Austin for a fast sale? city in 2022.

Sales 75