Real Trends

OCTOBER 1, 2022

In most instances, if a buyer backs out of a deal due to something on the inspection or for any reasons within the option period, they won’t lose their earnest money deposit.

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HomeLight

JULY 31, 2021

The buyer does due diligence during the option period in Texas (a certain number of days the buyer has to thoroughly inspect the property and terminate the contract for any reason). The seller and buyer agree on a price and terms. Both parties sign a contract and submit it to a title company.

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HomeLight

MARCH 13, 2023

The buyer does due diligence during the option period in California, which is typically one to 10 days. Although there are no required disclosures because the property is being sold as-is, there is an inspection period. The buyer and seller sign the closing documents. You receive a check or have money wired into your account.

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HomeLight

MARCH 13, 2023

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). The buyer and seller sign the closing documents.

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HomeLight

MARCH 13, 2023

The buyer does due diligence during the option period in Florida. The option period is negotiated between buyer and seller. Cash buyers may want three to 10 days, or even none at all, for due diligence, while this period is typically 15 days for an agent-assisted sale.

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HomeLight

JANUARY 20, 2023

The buyer does due diligence during the option period in Texas (the number of days the buyer has to thoroughly inspect the property and terminate the contract for any reason). Steps to sell a house for cash in Dallas include: The seller finds a buyer (or if the buyer is good at marketing, the buyer finds the seller).

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HomeLight

MARCH 16, 2023

The buyer does due diligence during the option period in Texas. The option period is the number of days the buyer has to thoroughly inspect the property and terminate the contract for any reason. Krueger says the due diligence period in Houston is typically 10 days for an agent-assisted sale.

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Redfin

JUNE 21, 2023

” Additionally, Jackson adds that you shouldn’t “complete your option period without having that inspection evaluated by a professional contractor.” Don’t forget about taxes Yes, taxes are a significant component of real estate investing.

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HomeLight

AUGUST 29, 2022

Option period: In Texas, this is negotiable, and the buyer can specify the number of days that they have to terminate the contract for any reason. In exchange, an agreed upon non-refundable option fee will be paid to the seller, but the buyer won’t lose their earnest money deposit if they decide to walk away during the option period.

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Realty Biz

OCTOBER 9, 2020

Investors have a responsibility to be sure the tenant/buyer has a reasonable opportunity to obtain a mortgage within the lease option period. Investors have a responsibility to strongly urge that the tenant/buyer seek outside legal advice. This often means working with a mortgage broker and/or a respectable credit repair service.

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Redfin

JANUARY 23, 2025

However, the seller has specified that the property may not be toured during specific time periods. Active option contract When you see the active option contract status, it indicates that the seller has accepted an offer, but it falls within the option period.

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