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 94

Sales Purchase and sale agreement Due diligence Inspection 94

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 57

Due diligence Earnest money deposit Investor Inspection 57

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 83

Sales Investor Due diligence Renovation 83

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. Both parties sign a contract and submit it to a title company. No pre-qualifying for a loan. The seller and buyer agree on a price and terms. There’s less uncertainty.”

Sales 72

Sales Investor House Flipping Pre-approval 72

HomeLight

MARCH 16, 2023

Ramcharitar says sellers also pay 2% of the sales price for closing costs and another 2% for title insurance. 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.

Sales 68

Sales Purchase and sale agreement Earnest money deposit Investor 68