Option Period
An Option Period is written into a real estate contract to give a buyer a specified number of days in which they can terminate the contract and be refunded their earnest money deposit. It is intended to give the buyer time to learn more about the home through independent inspections and appraisals, to negotiate repairs and other items in the contract, and to get approved for financing if they are applying for a mortgage.
Serendipity Realty Group's vision to simplify the home buying process by offering a VIP service that is rarely seen in the industry has escalated them to the top. Treating “clients” like family and turning them into life-long friends just happens when you see how much they truly care.
Inspectors
During The Option Period you will want to start by scheduling your Home inspection. If you would like for us to get this scheduled for you, just let me know which of the three you want. We will review the inspector's report when it comes out (usually about 12 hrs after the inspection) and will schedule time to review the results with you following the release of the report. Typically people do go to inspection at least at the end so let me know what your plan is!
Home Insurance Policy
If you do not currently have a home insurance agent, I have several recommendations for you. Please make sure to mention I sent you, and they'll take great care of you. These guys are all brokers so they look through each company for you to find the best rate and do an amazing job.
Home Insurance Brokers:
Home Warranty
Completely optional but totally worth it. A home warranty is different from home insurance. A home warranty covers things that happen from wear and tear or just part of owning a home issues that happen. Example: Dryer stops working, AC wont turn on, Refrigerator isn't cooling, Re-key after move in etc. They all have different plans that cover different things so make sure you pick the one that is right for you! These range from $500-$700 a year and then typically a $50-$75 service call when you actually use them.
One-Guard
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Need help setting up utilities? It is the seller's responsibility to keep utilities turned on through closing. I recommend calling your utility providers at least 1 week prior to your move-in date to set-up your accounts. Many have waiting periods and this helps ensure you are not without power or water.
360 Home Connect has been amazing with doing almost everything for you. It takes about 15 minutes with them to do everything. And its free!
Finding A Lender
Picking the right lender is crucial to making the process go smoothly. You can pick whoever you want but there are a few things to consider when choosing a lender. Here are my top lenders I use consistently that do an amazing job and are some of the best in Austin!