deadlines: I will get to it, OK?
- 12/28/19 05:17 AM
No, actually it is not OK. As a matter of fact, not getting to it could cost you a bunch of money. Once a buyer is under contract to buy a home, the clock starts ticking on several important time lines. For instance, the lender will start asking for lots of different paperwork. The Buyer will need to get this paperwork delivered to the lender in a timely manner. I have a current client who has dragged their feet getting paperwork back to his lender. As a consequence, we will not be able to close on their new home as we expected. I have … (16 comments)
deadlines: Due Diligence dates
- 06/09/14 06:36 AM
Here in the state of Georgia we have something called the due diligence time frame. This is the first 7-14 days after a contract is signed by all parties. This time is essentially a free look for the buyer. At any time during this due diligence time the buyer can back out of the contract and get their earnest money back. After the due diligence time frame has passed this becomes a bit more difficult. Usually, but not always, a buyer also has an appraisal contingency and a financing contingency. If either of these fail during their time frames, the buyer may … (4 comments)
No, actually it is not OK. As a matter of fact, not getting to it could cost you a bunch of money.
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