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.
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.