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The Contract Is Signed. What Now?

Here’s everything that happens after you go on contract for a home sale.

You finally found the place you want to call home and got it under contract. That means that you’ve found the house, submitted an offer, had it accepted, and the seller has signed the contract. Even with all of this done, there are still a few things that you’ll want to keep in mind.

First is the earnest money. You only have three days to turn in earnest money. You can rely on your agent to know where to turn in that money, and when.

Second is the home inspections. You only have a short inspection window, so getting your inspector there as soon as possible is essential. Your agent can give you a list of great, reputable inspectors, but remember that they can’t book the appointment for you. They want you to have the peace of mind that the inspector is working on your behalf.

If you’re a buyer, it may seem like things are slowing and nothing is happening, but rest assured that the Josh Vernon Team is busily working behind the scenes to ensure everything goes smoothly. They are talking to the attorney to ensure your title comes back clear. They are talking to the lender to make sure that the appraisal is returned and that the home meets that appraisal. Finally, they are booking all of the other necessary inspections that need to be done, like termite inspections, septic inspections, and those kinds of things. They’ll give you the results of those inspections and help you negotiate any repairs that need to be performed by the seller. At long last, they’ll help you book a final walk-through.

“It may seem like things are slowing down, and nothing is happening at this point.”

If you are the seller, what’s happening in your world? For the most part, you’re waiting on the buyer to complete the things we’ve just mentioned, but you are also concerning yourself with repairs. If the inspections indicate any repairs, your agent will help you walk through those inspections and determine what, if anything, needs to be done. Finally, the buyer will do the final walk-through to make sure that any repairs have been completed and that the home is in the same condition as when they first made the offer.

Great communication between attorneys, lenders, and real estate agents is what gets your home to the closing table. At the Josh Vernon Group, what we strive for is excellent communication. Our goal is to get your home closed so you can get busy making memories.

If you have any questions, don’t hesitate to call or email your favorite Josh Vernon Group agent. Have a great day, and we will catch up with you soon.

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