A Step-By-Step Look at the Post-Option Period
Here’s a closer look at what happens once the option period is over.
You’ve made it through the option period, and you’re well on your way to closing. Once you’ve made it to this point, the buyer can no longer terminate the contract, but what happens now?
Feel free to watch the full video, or use these timestamps to browse specific topics at your leisure:
0:00 — Introduction
0:38 — The first step: underwriting
1:25 — The only two other instances after the option period where the buyer can terminate the contract
2:40 — Why we’re proactive with lenders
3:15 — How a deal can be canceled even after the appraisal
4:18 — Why your home should always be in showing condition until the sale is finalized
5:50 — How to reach an agreement on a low appraisal
6:10 — Wrapping things up
The home-buying process is complicated, but it’s easier to digest when you know the steps going in. If you have any questions about buying a home or real estate in general, don't hesitate to reach out via phone or email. I look forward to hearing from you soon.