HomeLight
SEPTEMBER 16, 2022
In the state of Texas, an “option period” allows a buyer to get these details before making the final choice. Keep in mind that option periods are specific to Texas and other states will have different processes that give buyers the time they need to make the final decision. What is an option period?
Housing Wire
APRIL 13, 2021
At this point, looking at what closed in January feels like ancient times compared to just earlier this month. 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.
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HomeLight
MAY 24, 2022
Sellers tend to prefer all-cash offers because those deals close more quickly. Even though it’s all cash to the sellers at closing, with a cash offer, “you don’t have to go through the appraisal or the bank approval process — it’s cleaner.”. But just how long does it take to close on a house with cash, compared to a traditional loan?
HomeLight
MARCH 7, 2024
This comprehensive document details everything from the purchase price, down payment, and financing terms to contingencies, closing dates, and any specific conditions both parties must meet before the sale can be finalized. What is an option period?
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. We encourage you to share your thoughts in the commentswhether you are considering a rent-to-own option or have already taken this route.
RIS Media
AUGUST 17, 2021
“We’re seeing buyers waiving everything, from appraisals, option periods and inspections,” says Riley, who notes that cash isn’t even winning these days. But she’s never seen anything like the past year. ” This is where American Home Shield® (AHS®)—a home warranty leader for 50 years—comes in.
HomeLight
MARCH 13, 2023
Receive your offer within a week and close in as little as 10 days. This includes the time it takes to sell the property, taxes on the property during the holding period, any necessary services (such as routine pool service), and costs associated with selling the remodeled property, such as closing costs and real estate agent commissions.
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