Step 5
Complete Your Inspection and Finance Contingencies
Once you go under contract, we'll need to make sure we do certain things in a timely manner. Some of these happen on almost every transaction, and some of them are contract specific.
1. First, we'll need to get your inspection(s) done, reviewed, and handle any repair requests before our option period ends. The option period is the timeline for you to back out of the contract for any reason whatsoever.
2. Once we've handled any concerns from the inspection, we'll need to make sure we meet all the terms of your finance contigency.
There's not much for you to do at this stage, but we'll be working closely with your lender and the listing agent to make sure your appraisal is completed in a timely manner and anything the lender needs for underwriting is taken care of right away.
There are a few other things that we might need to handle during this time, such as information for the title company, a survey, etc, but that changes with each unique contract.
Just know that during this period, we're making sure everything is coordinated and coming together for a successful close.