This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
In most instances, if a buyer backs out of a deal due to something on the inspection or for any reasons within the optionperiod, they won’t lose their earnest money deposit. Nichols said she worked with one seller who, despite receiving multiple offers, ultimately decided to lease the property because a bidding war didn’t develop.
The buyer does due diligence during the agreed-upon optionperiod in Texas (the number of days the buyer has to thoroughly inspect the property and terminate the contract for any reason: typically one to 10 days). Be on the lookout for vacant homes in your development that are undergoing renovations.
The buyer does due diligence during the optionperiod in California, which is typically one to 10 days. Although there are no required disclosures because the property is being sold as-is, there is an inspection period. The buyer and seller sign the closing documents. You receive a check or have money wired into your account.
As concrete foundations settle on sandy soil, houses may develop settlement cracks and other foundation issues. The buyer does due diligence during the optionperiod in Florida. The optionperiod is negotiated between buyer and seller. Look for dumpsters, permit boxes, or contractor signs.
Scott Jones, the economic development director for the city of Manor, Texas , proudly showcases his community as a shining example of a location’s potential. ” Additionally, Jackson adds that you shouldn’t “complete your optionperiod without having that inspection evaluated by a professional contractor.”
The buyer does due diligence during the optionperiod in Texas. The optionperiod is the number of days the buyer has to thoroughly inspect the property and terminate the contract for any reason. Krueger says the due diligence period in Houston is typically 10 days for an agent-assisted sale.
We organize all of the trending information in your field so you don't have to. Join 144,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content