HomeLight

MAY 24, 2022

Everyone involved will need time to perform their due diligence. Without a lender to verify funds, the seller will likely request proof of funds and earnest money from the buyer. Option periods. During this time period, you could change your mind. Why does it take this long? Low appraisals.

Purchase and sale agreement 111

Purchase and sale agreement Closing Title search Title 111

HomeLight

MARCH 13, 2023

The buyer does due diligence during the agreed-upon option period 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). Instead, however, he advises sellers to validate cash buyers for proof of funds.

Sales 95

Sales Investor House Flipping Pre-approval 95

HomeLight

MARCH 13, 2023

Reiner advises asking for proof of funds such as a bank statement to ensure the buyer has sufficient resources to close the deal. The buyer does due diligence during the option period in Florida. The option period is negotiated between buyer and seller.

Sales 98

Sales Investor Due diligence Renovation 98

HomeLight

MARCH 16, 2023

Ramcharitar advises asking for proof of funds such as a bank statement to ensure the buyer has enough resources to cover the price of the home. The buyer does due diligence during the option period in Texas. Krueger says the due diligence period in Houston is typically 10 days for an agent-assisted sale.

Sales 93

Sales Purchase and sale agreement Earnest money deposit Investor 93