Housing Wire

APRIL 13, 2021

Jay Garrett, a loan officer at Supreme Lending ’s McClellan Branch in Austin, said he is seeing 10 to 40 offers on houses no matter where they are in Austin, and cash offers are winning the day because sellers don’t want to have to worry about the house appraising too low for someone who needs financing.

Marketing 535

Marketing Option period Lending Loan Officer 535

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.

Purchase and sale agreement 98

Purchase and sale agreement Investor Finance Equity 98

HomeLight

MARCH 7, 2024

Here’s a quick look at common factors prompting home buyers to back out of a purchase agreement: Financing issues: Buyers struggling to secure a mortgage or facing unfavorable loan terms may opt to cancel the purchase. What is an option period?

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Purchase and sale agreement Earnest money deposit Option period Inspection 116

HomeLight

MAY 24, 2022

But just how long does it take to close on a house with cash, compared to a traditional loan? The bulk of the time, however, is consumed by loan underwriting and processing. Option periods. During this time period, you could change your mind. Setting the standard. Low appraisals.

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Purchase and sale agreement Closing Title search Title 111

HomeLight

MARCH 13, 2023

They may want to avoid the 6% interest rate of a loan by buying with cash. Flexible closing date: While closing typically takes place faster with a cash buyer than with a traditional loan-backed sale, Speed points out that sellers may need to wait a little longer before closing. No pre-qualifying for a loan.

Sales 95

Sales Investor House Flipping Pre-approval 95

HomeLight

MARCH 16, 2023

So you won’t be holding your breath until the buyer’s loan approval comes through or be on the hook for needed repairs discovered during the home inspection. 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

HomeLight

MARCH 13, 2023

Joseph has encountered active military who recently purchased homes with a VA loan, but got orders to ship out only to find that their home hadn’t appreciated much in a short time. So you won’t be holding your breath until the buyer’s loan approval comes through or be on the hook for needed repairs discovered during the home inspection.

Sales 98

Sales Investor Due diligence Renovation 98