Earnest money deposit, Option period, Proof of funds and Title

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Earnest money deposit

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Proof of funds

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

HomeLight

MAY 24, 2022

Every home sale has its quirks, but in general, “a cash sale can be turned over in a week to two weeks,” according to Suz Poepke Pohl, owner and escrow agent at Cygneture Title for the past 10 years. Without a lender to verify funds, the seller will likely request proof of funds and earnest money from the buyer.

Purchase and sale agreement

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

HomeLight

MARCH 16, 2023

Ramcharitar says sellers also pay 2% of the sales price for closing costs and another 2% for title insurance. Home-buying companies generally pick up the remainder of closing costs that total about 8% including title search and title insurance. Both parties sign a contract and submit it to a title company.

Sales

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Residential Realty Today

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

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

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