Congratulations! You are on your way to becoming a first time or move-up Home Buyer. By contract, there are "drop-dead" dates you need to meet to be within the contractual timeline. A failure to exercise any of your options within these times set forth in the Agreement of sale is a WAIVER of that contingency and you agree (by default) to accept the property . As your Realtor, part of my job is to see that we follow the contract timeline and conditions. The contract governs the amount of time you as the buyer are given to accomplish certain .contingencies. The clock starts ticking the day after signed agreement and ends on the day noted. Please click there for a detail listing of tasks to accomplish during the escrow period.
