What Happens When You Go Under Contract?

What happens when you go under contract on a home? Well, there are a few things that happen when you go under contract on a house. Learn what to expect when you go under contract in this video,“What Happens When You Go Under Contract?”:

What Can You Expect When You Go Under Contract on a Home?

Going under contract is an exciting moment. Your bid on the home has been accepted, and you are one step closer to owning your future dream home! Even though this is an exciting time and reason to celebrate, this is also a time for a lot of things to get done. Here’s what you can expect when you go under contract on a home.

Once you’re under contract, you need to have your home inspection done within a certain amount of time according to the contract. You have to release your earnest money to the brokerage that is holding the earnest money and you have to make sure that your lender has a copy of the contract so that they can start the loan process. 

While all of this is going on, you also need to be shopping for home insurance! Just so you know, on the contract, home insurance is listed as hazard insurance, but it’s actually a quote for your home insurance. So typically within the first ten days of going under contract, you’re getting your home inspection, getting your contract over to your lender, you’re turning over the earnest money, and you’re shopping for your home insurance. So there’s a lot to get done!

More Questions about Buying A Home

As you probably already know there is a lot to the homebuying process. If you have more questions about buying or building a house, don’t worry! We have a list of common questions that homebuyers have HERE

If you don’t see your question on this list, then please reach out! I would love to answer all of your buying questions. 

Want more information? Download my Homebuyers Guide: Homebuyers Guide

If you’re a first time home buyer, download this Buyers Guide: First Time Homebuyers Guide 

Need More Information on Buying a House in Birmingham, AL?

So now you know that there is a lot that happens when you go under contract on a house! If you have more questions about the homebuying process, I’m here to help! Make the homebuying process easier on yourself by having an expert real estate agent guide you through the process. If you’re looking to buy or build a home in the Greater Birmingham, Alabama area, let me help you. If you’re new to the Birmingham area or looking to relocate to Birmingham, Alabama, please feel reach out to Dianna Howell with The Howell Group: 205-568-5435 or dianna.howell@kw.com 

For information on Pelham, Alabama or Birmingham in general, contact real estate agent Dianna Howell, a top buyers agent in the Birmingham, Alabama area. 

Visit our website for more information on the Birmingham area: https://diannahowellrealtor.com/category/lifestyle/ 

🔑🏡 Want to learn more about the buying process? Then read this article for 6️⃣ easy tips: Six tips to Buying a Home 

📕 Read more about the Birmingham area in this post: Relocating to Birmingham, Alabama

I have plenty of resources and information to provide including my expert help. Call me today and let’s get started on the search for your new home, whether you want to buy or build! 


Dianna Howell

The Howell Group of Keller Williams in the Birmingham Alabama area

Top Birmingham Real Estate Agent