HomeLight

MARCH 7, 2024

Contingencies: Conditions that must be met for the sale to proceed, such as home inspections, financing approval, and the sale of the buyer’s current home. What is an option period? Negotiation opportunity: Based on findings during the option period, buyers can renegotiate terms or request repairs from the seller.

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Purchase and sale agreement Earnest money deposit Option period Due diligence 111

HomeLight

AUGUST 29, 2022

If you plan on applying for a mortgage, your lender will want to see at least two years of steady employment or business ownership if you’re self employed. Putting less than 20% down, however, might require you to purchase mortgage insurance , but it may be worth it to become a homeowner sooner than you anticipated.

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Earnest money deposit Title Inspection Title search 102

Real Trends

OCTOBER 1, 2022

Houston is one among many markets that has experienced an uptick in the number of pending home sales falling through , a consequence of skyrocketing mortgage rates and stubborn sellers who haven’t adjusted to a cooler market. You are married to your house, but you are only dating your mortgage.”. In Houston, 20.6%

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Earnest money deposit Agents Purchase and sale agreement Marketing 68

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 57

Due diligence Earnest money deposit Investor Inspection 57

HomeLight

MAY 24, 2022

Mortgage interest is tax-deductible , and many homeowners appreciate the deduction. If you only pay cash for the down payment, and take out a mortgage for the remainder of the purchase price, it keeps more money in your pocket. With a mortgage, the bank verifies that the buyer has the down payment available to close.

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Purchase and sale agreement Closing Title search Title 108

HomeLight

MARCH 13, 2023

You don’t need the added stress of waiting for the buyer’s mortgage approval or a home inspection turning up any unpleasant surprises. With a cash home buyer, there are usually no financing or inspection contingencies typically found in traditional real estate contracts. The option period is negotiated between buyer and seller.

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Sales Investor Due diligence Renovation 89

HomeLight

JANUARY 20, 2023

Cash home buyers in Dallas typically pay less than buyers who are getting mortgages and less than agent-assisted buyers. That’s much shorter than the timeline for selling a house to a Dallas mortgage buyer, which is usually around 42 days to find a buyer, plus the typical 50 days a buyer needs to close on a purchase loan.

Sales 84

Sales Investor Due diligence Agents 84