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We have an executed contract, what should you expect next?

Congratulations are in order almost! You have made it to first base.

The contract has been executed and the countdown begins towards your closing date that is set in the contract. Here are some things to understand about your contract: The execution date on the contract is the starting clock for all activities. All activities and deadlines start on this date. For most sellers, the contract requires you to deliver your survey and a notarized T-47 form to the title company within a specified number of days.

Typically an agreement has a specified number of days for the option period. During this time the Buyer has an unrestricted right to terminate the contract and receive any earnest money they deposited. Hopefully, the buyer will inspect your home immediately and close out the Option Period quickly. Before you make future plans wait and see what happens with the inspection and option period. This sometimes can be a significant negotiation. After the Buyer inspects the property terms for repairs and allowances are negotiated and you have made it to second base. I advise don’t consider a deal ready for you to start the moving process until this has taken place. 

The buyer’s Realtor® will take care of the scheduling and property access for the inspection through ShowingTime. After the Option Period is closed your property status is changed to Pending and all agent showing activity will cease.

If the home is financed you will get a showing request to authorize from the appraiser. Approve this showing and another hurdle will pass and we will be at third base.

You will get a closing statement prior to that for you to review and approve. Before that, if you need an estimate of your closing costs, contact the title company and ask for one. It is their job to provide this most accurate estimate.

When the money is in the bank you have made it to home base. Your Realtor® can assist you with all these activities and situations that arise until you are out of your home.

Congratulations are in order almost! We have made it to first base.

The contract has been executed and the countdown begins towards your closing date that is set in the contract. Here are some things to understand about your contract: The execution date on the contract is the starting clock for all activities. All activities and deadlines start on this date. For most sellers, the contract requires you to deliver your survey and a notarized T-47 form to the title company within a specified number of days.

Typically an agreement has a specified number of days for the option period. During this time the Buyer has an unrestricted right to terminate the contract and receive any earnest money they deposited. Hopefully, the buyer will inspect your home immediately and we can close out the Option Period quickly. Before you make future plans wait and see what happens with the inspection and option period. This sometimes can be a total renegotiation of the contract. After the Buyer inspects the property terms for repairs and allowances are negotiated and we have made it to second base. I advise don’t consider this deal under contract until this has taken place. 

The buyer’s agent will take care of the scheduling and property access for the inspection through CSS. After the Option Period is closed your property status is changed to Pending and all agent showing activity will cease.

If the home is financed you will get a showing request to authorize from the appraiser. Approve this showing and another hurdle will pass and we will be at third base.

We will get a closing statement prior to that for us to review and approve. Before that, if you need an estimate of your closing costs, contact the title company and ask for one. It is their job to provide this most accurate estimate.

When the money is in the bank you have made it to home base. We assist you with all these activities and situations that arise until you are out of your home.


Notice: This website contains general information about possible legal and financial matters. The information is not advice, and should not be treated as such. You must not rely on the information on this website as an alternative to legal or financial advice from your attorney, accountant, or other professional legal services provider. If you have any specific questions about any legal and financial matter you should consult your attorney, accountant, or other professional legal services provider


Our Track Record

I’m excited to announce that after 18 years of providing dedicated service, our clients have collectively saved over $10,000,000 in commissions! Among these savings are over $1,100,000 for clients who found unrepresented buyers and were able to avoid any selling costs. On top of that, we’ve distributed more than $330,000 in incentive rebates to over 100 satisfied buyers. These remarkable achievements are a true testament to our commitment to providing high-quality, cost-effective real estate services to our clients.

Tod G. Franklin – Realtor®, Broker, Owner, and multi-million dollar producer at DFWCityhomes
Our MLS Association Partners
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ABOR MLS Austin Board of Realtors
CCAR Corpus Christi Association of Realtors Multiple Listing Service MLS
SABOR MLS San Antonio Board of Realtors
GTAR Greater Tyler Association of Realtors Multiple Listing Service MLS
Central Texas Multiple Listing Service MLS
Greater El Paso Association of Realtors Multiple Listing Service MLS
Lubbock Association of Realtors Multiple Listing Service MLS
Waco Association of REALTORS®

DFWCityhomes is an established and highly regarded Flat Fee MLS Listing Service company in Texas. We have been providing dedicated service for almost two decades delivering personalized service to each client. As the best Flat Fee MLS Listing Service in Texas, we offer affordable and excellent service, while our track record showcases our commitment to professionalism, integrity, and customer satisfaction.

Visit our MLS listing comparison chart and Flat Fee MLS Listing Services to see a detailed breakdown of the different plans and their features.

You can Contact Us or call (214)-207-0210 to speak with a Realtor® and find out how we can save you time and money.