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. Unresolved title issues: Encumbrances or disputes related to the property’s title can complicate the sale, prompting buyers to cancel the agreement.

Purchase and sale agreement 105

Purchase and sale agreement Earnest money deposit Option period Due diligence 105

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.

Marketing 533

Marketing Option period Lending Loan Officer 533

HomeLight

AUGUST 29, 2022

Your buyer’s agent will be able to help you create a wishlist , set up viewing appointments for you, tell you more about what’s going on in the neighborhood, negotiate on your behalf, and connect you with other vendors such as a title company, insurance agent, and home inspector. Contingencies: Financing, home inspection, and appraisal.

Earnest money deposit 93

Earnest money deposit Title Inspection Title search 93

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. I get inspections on big-ticket items like the sewer and the foundation.

Sales 90

Sales Purchase and sale agreement Due diligence Inspection 90

Redfin

JUNE 21, 2023

Holt expands on this by saying, “check the title deeds to ensure there are no hidden encumbrances or disputes, review zoning laws and local ordinances to ensure that the property can be used as intended, and double check that all taxes are clear.”

Due diligence 56

Due diligence Earnest money deposit Investor Inspection 56

HomeLight

MAY 24, 2022

Every home sale has its quirks, but in general, “a cash sale can be turned over in a week to two weeks,” according to Suz Poepke Pohl, owner and escrow agent at Cygneture Title for the past 10 years. Secure title and escrow services: 1 day. Title search: 3 days. Inspections: One week to book; 2 to 4 hours to complete.

Purchase and sale agreement 104

Purchase and sale agreement Closing Title search Title 104

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. Home-buying companies generally pick up closing costs including title search and title insurance that usually range from 1.5% Both parties sign a contract and submit it to a title company.

Sales 80

Sales Investor Due diligence Renovation 80