How to Use an Option Period As a Texas Home Buyer
Under Contract! Utilizing Your Option Period
We've covered an option fee but now let's talk about what all you are able to negotiate and perform within the timeframe that you negotiate and pay for as a Texas home buyer.
It is important as a home buyer to understand what all you can do during your option period. Whether you instantly know this home is your dream home or not, you still have this time period to ensure that the home is up to your standards or does not need any major repairs.
During your option period, you can...
- Gather home insurance quotes; this is important to do as knowing what your home insurance costs will be in advance will give you some peace of mind rather than going into owning your new home with any higher than expected costs.
- Schedule a home inspection; this is a great thing to do whenever you have an option period. Having a home inspection performed will allow you to review the home and all of its systems to ensure nothing is nonfunctional and to give you the opportunity to request/negotiate any major repairs with the seller.
- Schedule additional services and inspections such as plumbing, HVAC, roof inspection, etc. It's important to note that you can also utilize your option period to have more than just a home inspection performed.
If you are ready to purchase a home, it is important to work with a REALTOR® who can educate and guide you through every step of your home buying process. Our team of licensed professionals is available to answer any questions you may have. Contact us today to begin your home buying journey!