What You Should Know About Contract Deadlines
How the dates and deadlines in a contract affect you as a buyer.
Do you know about all the dates and deadlines that go into buying a home? Most buyers aren’t aware of all the dates set up in a contract, but those dates are crucial to the home buying process. It helps to have a conversation ahead of time covering all these timelines so you can be certain the deal is advantageous for you while keeping your offer competitive.
We want to make sure that you’re comfortable with the offer and the house you’ve decided on, and paying attention to the various dates and deadlines can help us do that. You have about five or six ways built into your contract that can help you back out of the deal. There’s the inspection period, the due diligence, and more.
"We want to make sure you're comfortable with the offer and the house you've decided on. "
If something doesn’t feel right about the house, we can back out as long as we do it before that final deadline. You can get your earnest money back and keep shopping if need be.
That’s why those dates are important. They keep everyone on the same timeline and help you feel confident about the home you’re buying. We also work with Sarah and other lenders closely to make sure we’re communicating about dates like the appraisal deadline and loan terms deadline.
If you have any questions, feel free to call or email us. We would love to help.