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What Is an Option Period When Buying a Home?

HomeLight

SEPTEMBER 16, 2022

Before inspections, you may fear the state of the home or the seller’s willingness to negotiate repairs if the home needs serious work. In the state of Texas, an “option period” allows a buyer to get these details before making the final choice. What is an option period? When does an option period begin?

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Housing Wire

APRIL 13, 2021

Richardson also noted that there have been fewer property inspection waivers issued by Fannie Mae in the last several months, keeping appraisers, inspectors and others in valuation very busy. One thing she does not recommend — unless the buyer is a builder or other very experienced player — is waiving the option period.

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What Is an Option Period When Buying a Home?

Working with buyers in the nation’s hottest housing market

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