HomeLight

SEPTEMBER 16, 2022

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?

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Option period Earnest money deposit Due diligence Inspection 83

HomeLight

MARCH 7, 2024

What is an option period? The option period is a specified timeframe within a real estate contract during which the buyer has the exclusive right to terminate the agreement for any reason. Negotiation opportunity: Based on findings during the option period, buyers can renegotiate terms or request repairs from the seller.

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Purchase and sale agreement Earnest money deposit Option period Due diligence 103

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. Do your due diligence and review accurate CMA data to determine a price best suited to your market’s demands.

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Due diligence Earnest money deposit Investor Inspection 56

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 87

HomeLight

MARCH 13, 2023

The buyer does due diligence during the option period in Florida. The option period is negotiated between buyer and seller. Cash buyers may want three to 10 days, or even none at all, for due diligence, while this period is typically 15 days for an agent-assisted sale.

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HomeLight

MAY 24, 2022

Everyone involved will need time to perform their due diligence. Option periods. If you have concerns about your home purchase — whether you feel rushed or nervous about spending that much cash — your agent might suggest adding an option period into the contract. Why does it take this long? Low appraisals.

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Purchase and sale agreement Closing Title search Title 102

HomeLight

MARCH 13, 2023

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). The buyer and seller sign the closing documents.

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Sales Investor House Flipping Pre-approval 67