Laramie, Wyoming Real Estate: Contract Deadlines for Buyers

By
Real Estate Broker/Owner with Live in Laramie Real Estate, Laramie, Wyoming WY #12296

Now that I'm under contract to buy a home, how will I remember all the dates and things to do?

Part of my job is to help          deadline man icon
keep everything on track.   I
will do what I can to make it
easier by providing an outline
of all the important
deadlines, dates and
details.  A straightforward
transaction might include:

·Deadline to Visit Lender and tender Loan Application
·Time window for Inspections
·Deadline to request remedy for things found during inspections
·Deadline for written agreement between both parties regarding inspection issues (if any)
·Last chance for Buyer to void contract if unable to agree on resolution of inspection findings
·When to line up Homeowner's Insurance
·When the Title Commitment is Due to You
·Time window to Request in Writing the remedy of any Title defects found
·Reminder to put Utilities in your name
· Date of Final Walk-through
·Closing and Possession

Person throwing leaves 

 I wish I could do more but the truth is that you will be the one that has to fill out endless paperwork and provide umpteen years of your financial history.  You'll get to decide who you want to work with regarding lending, inspectionsinsurance, etc.  It can be a daunting process but I will do whatever I can to make it all easier. In the end it will all be well worth the effort when you have your very own place to call  HOME. 

*This information is intended only to provide further clarification of real estate issues in Laramie, Wyoming. I am not an attorney.  This article is not endorsed, approved or affiliated with Century 21 Real Estate Center, Inc.  Any consumer with questions about the real estate process should always consult an attorney of their own.

Posted by

Brenda Whitman, Broker/Co-owner                                                Office Phone: 307.460.3298

Live in Laramie Real Estate                                                                Cell Phone: 307.399.5477

302 S 2nd Street, Suite 206                                                      E-mail: brenda@liveinlaramie.com

Laramie, Wyoming  82070                                                       Office Website:  www.liveinlaramie.com

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Home Buying
Location:
Wyoming Albany County Laramie
Groups:
Posts to Localism
Advice for Buyers
Valentine Bloggers
Tags:
buyer
wyoming
contract deadlines
real estate
laramie

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
288,556
Tim Bradley
Contour Investment Properties - Jackson Hole, WY
Commercial Real Estate Expert in Jackson Hole, WY

I put together a Contract Timeline for every contract as well. Mine only has the list of contractual requirements to fulfill...I like your adding things like "put utilities in your name".

Feb 12, 2011 03:26 AM #1
Rainer
120,219
Steve Ewing - Keller Williams Realty
Keller Williams - Stockton, CA

Hi Brenda - A time line for everyone involved is a good idea.  I have to admit before I was in the business I had no idea of what was going on when buying a house because no one would tell me anything.  I remember how that felt and I will not do that to my clients.  Great blog, thanks.

Feb 13, 2011 09:26 AM #2
Rainer
243,850
Brenda Whitman, Live in Laramie Real Estate
Live in Laramie Real Estate, Laramie, Wyoming - Laramie, WY
Broker/Co-Owner, Laramie, Wyoming

Tim and Steve - It can be a little overwhelming and since I can't do the "heavy lifting" for a client, I feel like a timeline is the least I can do.

Feb 13, 2011 10:34 AM #3
Rainmaker
542,887
Jeff&Grace Safrin
F.C.Tucker 1st Team Real Estate - Valparaiso, IN
SpousesSellingHousesTM

Great post Brenda - Deadlines are very important - we go over the same with our buyers as well.

sincerely,

grace

Feb 14, 2011 02:20 AM #4
Ambassador
617,985
Pat Haddad, ABR, CRS, ePRO, GRI
Keller Williams Indianapolis Metro NE - Carmel, IN
Carmel, Fishers, Westfield IN Real Estate Expert

Brenda---I put deadlines into my phone so that I do not miss them.  I think I may start recommending that my clients do the same.  If I give it to them on paper they misplace it or forget they have it.  Great post on what to expect!

Feb 16, 2011 11:55 AM #5
Rainer
243,850
Brenda Whitman, Live in Laramie Real Estate
Live in Laramie Real Estate, Laramie, Wyoming - Laramie, WY
Broker/Co-Owner, Laramie, Wyoming

Pat - That's an awesome idea, especially since most people are never without their phones.  I'm glad you mentioned it!

Feb 16, 2011 01:53 PM #6
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainer
243,850

Brenda Whitman, Live in Laramie Real Estate

Broker/Co-Owner, Laramie, Wyoming
Ask me a question
*
*
*
*
Spam prevention