What You Need to Know about Contractual Timelines and Deadlines

Rhonda Duffy

, What You Need to Know about Contractual Timelines and Deadlines

When you are buying or selling a home, it can be stressful to keep up with all of the paperwork and deadlines that need to be met. But, there’s nothing to worry about if you have a good Atlanta real estate agent by your side, because your agent will keep everything on track to be sure that everything is completed in time for the closing.

Keeping Up with Real Estate Deadlines

Deadlines are very important, because if you miss a deadline then there is a possibility that you might miss out on the home of your dreams. Your real estate agent will keep you ahead of the deadlines by letting you know what to expect, but sometimes there are reasons beyond your control that might come up.

Even though these deadlines might seem like stressors, the truth is that these deadlines are designed to keep the process moving towards a closing date. Deadlines are in place to protect both the buyer and the seller, to ensure that the transaction is finished in a fair way for all parties involved.

Talk with your real estate agent about the deadlines that will be in place to protect you. These details will be written into the contract, and it is a good idea to have the discussion about these deadlines before the contract is drawn up. At the same time, make sure that you read any requirements added into the contract by the other party to ensure that you don’t miss those deadlines.

What Deadlines Do You Need to Watch For?

There might be a variety of deadlines associated with the purchase of the home, so you need to read the contract details closely. Here are some of the common deadlines that you need to be watching for:

  • Earnest Money Deadlines
  • Due Dates for Contingencies
  • Response and Offer Deadlines
  • Closing and Funding Deadlines
  • Objection Period Expirations
  • Rate Lock Expirations
  • Title Resolution Deadlines
  • Right of First Refusal

Specific dates will be in place for each of those points if they are applicable to your individual situation. The best thing that you can do is understand the requirements that need to be met for each deadline, and then mark your calendar so that you have the right papers and documents provided in time to meet the date.

Work with the Best Real Estate Agent in Atlanta

If you want to be sure that you have a strong real estate contract and all of the deadlines that are met, then you need to be sure that you are working with a high quality real estate agent. Here at Duffy Realty of Atlanta, we have plenty of experience in the real estate industry and we would love to help. Call our team today to learn more about how you can benefit from the services that are available: (678) 318-1700

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