HomeLight

MAY 24, 2022

Without a lender to verify funds, the seller will likely request proof of funds and earnest money from the buyer. Some cash buyers may choose to supply this information with their offer letter ; others may need to contact their bank and arrange for funds verification. Option periods. Low appraisals.

Purchase and sale agreement 102

Purchase and sale agreement Closing Title search Title 102

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 78

Sales Investor Due diligence Renovation 78

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 68

Sales Investor House Flipping Pre-approval 68

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 64

Sales Purchase and sale agreement Earnest money deposit Investor 64