Ultimate Buyer Process™
Step 3: Under Contract: Dates & Deadlines
This means your offer has been accepted on the purchase of a property. The next phase is adhering to dates & deadlines in the contract allowing you to perform your due diligence.
Here’s what happens next. . .Congratulations you are under contract! From here there are a lot of dates and deadlines, and time is of the essence. This includes items such as depositing earnest funds with the title company and performing your due diligence. Date and deadline items can include things such as inspections, appraisal, HOA documents, surveys/ILC and so forth. If allowable in your contract, this is the time when you have the option to object, accept or negotiate any of the previous items. If you accept, nothing needs to be done. If you find something unsatisfactory your options may include terminating or objecting. This is why it is key to thoroughly review your contract and understand your options during this phase of your purchase process. Don’t worry, I will be here with you through this process and will arm you with the information you need to make the decision that is best for you.
3 Things we need your participation with:
1. Deliver earnest funds, arrange inspections: ensure they adhere to contract deadlines (View wire fraud video)
2. Email your lender that you are under contract (if a loan is involved), cc’ my team so we can ensure they have all contracts and info needed.
3. Be prepared to negotiate and act quickly. (You may have repair requests for the seller, appraisal concerns or lender requirements. There may also be documents for you to e-sign.)
Team Lead & REALTOR®