HomeLight

MAY 24, 2022

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. During this time period, you could change your mind. Low appraisals. One way to do it is with HomeLight’s Cash Offer.

Purchase and sale agreement

HomeLight

MARCH 13, 2023

Speed: One of the biggest benefits is a fast sale, as cash buyers are able to close the transaction quickly without the delays often associated with traditional home sales, such as waiting for financing approval or appraisal. The buyer does due diligence during the option period in California, which is typically one to 10 days.

Sales

HomeLight

MARCH 13, 2023

You are either replumbing the house, rewiring the house, or putting a new roof on the house prior to closing so that a financed buyer can get insurance. There’s just so much less risk with a cash offer than with a financed offer that it is night and day,” says Spray. The buyer does due diligence during the option period in Florida.

Sales

HomeLight

MARCH 13, 2023

You don’t have to deal with negotiating offers, low appraisals, or the risk of a buyer’s financing falling through. 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).

Sales

HomeLight

MARCH 16, 2023

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. Less hassle: You won’t need to worry about showings, open houses, fielding offers, negotiating, low appraisals, or the risk of the buyer’s financing falling through.

Sales

HomeLight

JULY 31, 2021

The buyer does due diligence during the option period in Texas (a certain number of days the buyer has to thoroughly inspect the property and terminate the contract for any reason). A 10-day closing translates as selling your home around 5-times faster than you would with a buyer who needs financing in today’s market.

Investor

HomeLight

JANUARY 20, 2023

Less hassle: You won’t need to worry about showings, open houses, fielding offers, negotiating, low appraisals, or the risk of the buyer’s financing falling through. The buyer does due diligence during the option period in Texas (the number of days the buyer has to thoroughly inspect the property and terminate the contract for any reason).

Sales

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

HomeLight

AUGUST 29, 2022

While it is not always recommended to completely waive contingencies to impress a seller, you might consider pairing down to just the inspection contingency and financing contingency to remain competitive. Contingencies: Financing, home inspection, and appraisal. Closing date. Earnest money deposit amount. Home warranty.

Earnest money deposit

Realty Biz

OCTOBER 9, 2020

By definition, creative financing (or creative deals) are nontraditional. At times, sandwich lease options and seller financing can be these types of deals. I’m a firm believer that sandwich lease options need to be win-win-win deals. The average consumer or Joe Q. Public does not use these techniques.

Investor

Redfin

JANUARY 23, 2025

That may mean the buyer must be approved for financing and get their mortgage or a home inspection must be completed. However, the seller has specified that the property may not be toured during specific time periods. In some areas, an active option contract is called a contingency period or due diligence period.

Purchase and sale agreement