Redfin

JULY 21, 2025

These include contractual protections like contingencies, state-specific allowances like the option period, and financial repercussions such as forfeiting earnest money. Title contingency: Cancels the deal if there are unresolved title issues. If their home doesn’t sell, they can legally withdraw from the contract.

Earnest money deposit

The Close

JANUARY 16, 2025

The terms of the rent-to-own contract outline the purchase price, the option period (when the tenant can exercise the option to buy), rent premiums, financing terms, and option fees. Investigate the sellers background: Obtain a title report to confirm taxes are up-to-date, property ownership, and equity.

Purchase and sale agreement

Housing Wire

APRIL 13, 2021

To be competitive, she might advise prospective homebuyers to offer to pay what are normally seller’s fees, like title fees and the cost of the survey. She might also recommend increasing their earnest money to 2% or more, offer a very large option fee for a very short amount of time and even waive buyer’s approval.

Marketing

HomeLight

MARCH 7, 2024

Unresolved title issues: Encumbrances or disputes related to the property’s title can complicate the sale, prompting buyers to cancel the agreement. What is an option period? Negotiation opportunity: Based on findings during the option period, buyers can renegotiate terms or request repairs from the seller.

Purchase and sale agreement

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. Unfortunately, not all title searches return a clear title.

Purchase and sale agreement

HomeLight

JULY 31, 2021

Some, however, are ready to move immediately, in which case we are limited by the bandwidth of the title company to complete the title search process and get all the documents together.”. Both parties sign a contract and submit it to a title company. Process of selling to San Antonio cash buyers.

Investor

HomeLight

MARCH 13, 2023

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. The buyer does due diligence during the option period in Florida. The option period is negotiated between buyer and seller.

Sales