May 13, 2021 at 3:43pm | Melanie Wood

Inspection Time Period Closes and the Attorney Has Reviewed 

Hopefully, we’ve been able to successfully negotiate any inspection repairs or credits and the Coldwell Banker attorneys have reviewed and requested any contract changes to create a solid enforceable contract for you.

Once that happens, the buyer should drop off his/her 2nd/final earnest money check at my office within 2 business days, if stated on the contract.   After that point, it’s difficult for the buyer to back out of the contract. If the buyer does back out for any reason other than not being able to get approval for the mortgage, the buyer will most likely lose his/her earnest money back and you’ll get to keep it. Now we patiently wait for the buyer’s loan to get approved and focus on the last remaining items to get you prepared for the closing!
Share

check_circle

You message has been sent!

Send us a Message


You agree to receive automated promotional messages from Melanie Wood regarding real estate information and education.Click here for terms and privacy policy. Message frequency varies. To opt out of receiving messages from me, text STOP to cancel. Reply HELP for help. Message and data rates may apply.