HomeLight

MARCH 7, 2024

Contingencies: Conditions that must be met for the sale to proceed, such as home inspections, financing approval, and the sale of the buyer’s current home. What is an option period? Negotiation opportunity: Based on findings during the option period, buyers can renegotiate terms or request repairs from the seller.

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Purchase and sale agreement Earnest money deposit Option period Inspection 116

The Close

JANUARY 16, 2025

If youre looking to buy a home but have financial concerns or hesitations about bank loans, choosing the rent-to-own path is a great option, as opposed to the traditional mortgage path. Lets dive in so you can decide if this option is right for you. These steps inform your decision on whether the property is worth investing in.

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Purchase and sale agreement Investor Finance Equity 98

HomeLight

MAY 24, 2022

Mortgage interest is tax-deductible , and many homeowners appreciate the deduction. If you only pay cash for the down payment, and take out a mortgage for the remainder of the purchase price, it keeps more money in your pocket. With a mortgage, the bank verifies that the buyer has the down payment available to close.

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Purchase and sale agreement Closing Title search Title 111

Real Trends

OCTOBER 1, 2022

Houston is one among many markets that has experienced an uptick in the number of pending home sales falling through , a consequence of skyrocketing mortgage rates and stubborn sellers who haven’t adjusted to a cooler market. You are married to your house, but you are only dating your mortgage.”. In Houston, 20.6%

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Earnest money deposit Agents Purchase and sale agreement Marketing 71

HomeLight

MARCH 16, 2023

Naumann says buyers may not get a mortgage if big-ticket items like the roof or A/C aren’t in good condition. Investors offer alternatives to foreclosure and bankruptcy About 60% of sellers who contact Ramcharitar are behind on their mortgage payments. The buyer does due diligence during the option period in Texas.

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Sales Purchase and sale agreement Earnest money deposit Investor 93

HomeLight

JULY 31, 2021

Cash investors tend to have access to more capital, resources, and contractors to handle major structural repairs, while traditional buyers are likely to be scared off by an inspection report that flags a faulty foundation. Hot climate. Source: (Elena Mozhvilo / Unsplash). Timeline for a cash sale in San Antonio.

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HomeLight

MARCH 13, 2023

You don’t need the added stress of waiting for the buyer’s mortgage approval or a home inspection turning up any unpleasant surprises. With a cash home buyer, there are usually no financing or inspection contingencies typically found in traditional real estate contracts. The option period is negotiated between buyer and seller.

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