Earnest money deposit Inspection Loans Option period 
HomeLight
MARCH 7, 2024
Sale price and terms: The agreed-upon price for the property and the terms of the payment, including the earnest money deposit amount and financing details. 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.
HomeLight
AUGUST 29, 2022
Typically, the higher your credit score, the lower your interest rate will be, which saves you money over the life of the loan. Different loan programs will require different down payment amounts, but you do not always need to put 20% down when buying a home. It’s all about the down payment.
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Redfin
JUNE 21, 2023
Explore your loan options When buying your first investment property, it’s essential to explore the available loan options. Understanding and comparing mortgages, government-backed loans, and private financing can greatly impact your financial success.
HomeLight
MAY 24, 2022
Paying cash saves you money, and you might need a place to live sooner rather than later. But just how long does it take to close on a house with cash, compared to a traditional loan? The bulk of the time, however, is consumed by loan underwriting and processing. Submit earnest money: 1 day. Setting the standard.
HomeLight
MARCH 16, 2023
He adds that negotiations and home inspection issues could further reduce the price by 10%. You don’t need the added stress that comes with the risk of the buyer’s financing falling through or a home inspection turning up unpleasant surprises. The buyer does due diligence during the option period in Texas.
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