House Flipping Option period Renovation Title 
HomeLight
MARCH 13, 2023
Competition from house-flip companies. Both parties sign a contract and submit it to a title company. 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).
HomeLight
MARCH 13, 2023
Once both parties agree on the price, they sign a contract and submit it to a title company (at which point it goes into escrow). The buyer does due diligence during the option period in California, which is typically one to 10 days. The buyer runs the numbers and makes an offer. The buyer and seller sign the closing documents.
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