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 104

Purchase and sale agreement Earnest money deposit Option period Due diligence 104

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 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. Order a title search. Send your earnest money deposit.

Earnest money deposit 93

Earnest money deposit Title Inspection Title search 93

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 59

Due diligence Earnest money deposit Investor Inspection 59

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. The buyer runs the numbers and makes an offer. The buyer and seller sign the closing documents.

Sales 89

Sales Purchase and sale agreement Due diligence Inspection 89

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 103

Purchase and sale agreement Closing Title search Title 103

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 79

Sales Investor Due diligence Renovation 79