Unfortunately, the right answer is (99/100 times) NOT take a trip to Disney World. There’s lots to do to make sure that everything comes together. Let’s break it down into some relatively easy steps:
- Option Fee & Earnest Money Checks – If you haven’t already, we need to make arrangements to get your option fee (payable to the seller) & earnest money (payable to the title company) to me ASAP. We have very strict timelines on delivering those checks.
- Schedule the Inspection – Time is critical during the option period (usually 7-10 days). We need to get your inspection done ASAP so that if anything comes up, we have time to investigate then negotiate with the seller how it’s going to be handled. If you have an inspector you’d like to use, great! If not, I have several that my clients have used in the past that we can call.
- Mortgage – I will submit your contract to your lender. This triggers a whole series of events with respect to getting your home loan, and it becomes mission critical to respond to any questions he/she has and provide any additional documentation they might request ASAP. Not doing this can make the difference in meeting or missing our closing date. If we miss our closing date, things get messy and even more stressful fast.
- Buyer Information Sheet – I will also submit your contract to the title company. Once the title company has the contract, you will likely get an email from them requesting a whole bunch of seemingly nosy information. They really do need that information to be able to prepare the documents required to close your purchase.
Believe it or not, all of this will happen within a couple of days (depending on what day of the week it is). Hang on tight! It’s going to be a busy week!