HomeLight

MARCH 13, 2023

Speed: One of the biggest benefits is a fast sale, as cash buyers are able to close the transaction quickly without the delays often associated with traditional home sales, such as waiting for financing approval or appraisal. The buyer does due diligence during the option period in California, which is typically one to 10 days.

Sales 91

Sales Purchase and sale agreement Due diligence Inspection 91

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.

Due diligence 57

Due diligence Earnest money deposit Investor Inspection 57

HomeLight

MARCH 13, 2023

Certainty: With a pre-offer walk-through, a cash home buyer can typically provide a firm cash offer that comes with few, if any, contingencies. No pre-qualifying for a loan. No repairs: If your home is in need of repairs you can’t afford or don’t want to deal with, you can skip them. The buyer and seller sign the closing documents.

Sales 70

Sales Investor House Flipping Pre-approval 70

HomeLight

MARCH 13, 2023

More certainty: With a pre-offer walk-through, a cash home buyer can generally provide a firm cash offer that comes with few contingencies, or no contingencies at all. You don’t need the added stress of waiting for the buyer’s mortgage approval or a home inspection turning up any unpleasant surprises.

Sales 81

Sales Investor Due diligence Renovation 81

HomeLight

MARCH 16, 2023

More certainty: With a pre-offer walk-through, a cash home buyer can typically provide a firm cash offer that comes with few contingencies, or no contingencies at all. So you won’t be holding your breath until the buyer’s loan approval comes through or be on the hook for needed repairs discovered during the home inspection.

Sales 66

Sales Purchase and sale agreement Earnest money deposit Investor 66