While you were celebrating your victory over being the winning offer, your real estate agent was in a rush, scheduling the inspection with the inspector of your choosing, delivering the option and earnest money checks to the seller and the title company, and getting copies of the contract to your chosen lender, the title company, and, of course, to you! But now that the inspection report findings have been addressed and negotiated successfully, all of those people kick into high gear.
You now have your inspection results, what do you do with this new information? Welcome to part five in the process for buying your house in Texas!
Congratulations, you're under contract, now what?! There is lots to do, but first, the home inspection. This post is an overview of what to expect next!
A lot of people have questions about the terms Realtors use for house statuses online. One of the most common questions I get is "What does AOC or Active Option Contract mean?" I'm so glad you asked!
**Every state's real estate sales contracts and practices are different, so if you're reading this and you're not in Texas, this next part is a crash course in how we do it down here.
For most people, buying a home is a very big deal, it's easy to get emotional about it, but keep in mind buying a home is also one of the largest investments you will make in your life, it's best to buy wisely. How?
"This one might seem like a no-brainer to some people, if it looks like crap, don't buy it. Hold yer horses! Not everyone is out for the same thing in a house and if the location is more important to you than the condition of the property, sometimes ugly houses are just the thing to get you where you want to be! If you're handy, or know some one who is, and are thinking that a "fixer upper" is the right choice for you, I'm all about it. In fact, I bought my first home in the area years ago, fixed it up myself, and made quite a bit when I sold it 3 years later, so that was the right choice for me. (I can totally help you do the same thing, just ask.) "