Don’t Miss a Beat: The No Nonsense Guide to Key Contract Dates in Home Buying


Are you under contract for your dream home? Congratulations! Now it’s time to get down to business and make sure you understand the key contract dates. At No Nonsense Real Estate, we believe that knowing these dates is crucial to the success of your deal. Here’s why:

  1. Effective Date of the Contract: This is the day that the contract becomes binding on both parties. Make sure you know this date so you can plan accordingly.
  2. Escrow Deposit: This is the amount of money you need to deposit to show the seller that you’re serious about buying their home. Make sure you know when this is due, so you don’t miss it!
  3. Inspection Contingency Period: This is the time frame during which you can have the home inspected and negotiate repairs with the seller. It’s important to know when this period ends, so you can make sure you’re satisfied with the condition of the home.
  4. Loan Contingency Period: This is the time frame during which you need to secure financing for the home. If you can’t secure financing during this period, you may be able to get your deposit back and cancel the contract.
  5. Closing Date: This is the day that you officially become the owner of the home! Make sure you know this date so you can plan your move accordingly.

At No Nonsense Real Estate, we make sure our clients understand these key contract dates and that they’re properly disclosed to the other party. We believe in a straightforward approach that saves you time and hassle. Don’t let confusion about key contract dates derail your dream of homeownership!

Remember, No Nonsense Real Estate is here to help you every step of the way. Contact us today to learn more about how we can make your home buying experience simple and stress-free.

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