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. What is an option period? Negotiation opportunity: Based on findings during the option period, buyers can renegotiate terms or request repairs from the seller.

Purchase and sale agreement 107

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

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.

Earnest money deposit 96

Earnest money deposit Title Inspection Title search 96

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.

Due diligence 57

Due diligence Earnest money deposit Investor Inspection 57

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. Option periods.

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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. Krueger says the due diligence period in Houston is typically 10 days for an agent-assisted sale.

Sales 67

Sales Purchase and sale agreement Earnest money deposit Investor 67