Step 5:  Contract to Close: The Processing Period (a.k.a. Pre-Closing)

When the offer is accepted by both the buyer and seller, it becomes a legal contract.  Much work must be done to process the transaction, which generally spans about three to four weeks.  The loan must be approved, originated, processed, and underwritten.  The title has to be researched and a survey is drawn. Inspections, repairs and appraisals must be completed.  Further, Hazard Insurance, the Home Warranty, and possibly Mortgage Insurance are all arranged.  Again, Hindsite 20/20 has searched for and developed close working relationships with the best lenders, inspectors, and title companies in the Austin area to whom we will happily refer you.  During this step,  Hindsite's Contract-to-Closing Coordinator manages the transaction, facilitating open lines of exchange and communication between you, the seller, and the other various players.  The role of Hindsite's support staff in this step is incredibly valuable in making sure that no detail is overlooked on the way to closing.  Your role will be to provide any necessary information to the requesting parties in a timely manner.






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Intro       Step 1       Step 2       Step 3       Step 4       Step 5       Step 6