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Pending without Option

Once past the Option Period, your focus moves to the mortgage process.
Expect to hear "That's all we need" - then be asked for something else minutes later. It seems every document or verification leads to the underwriter needing  something else.  Know it's coming and laugh about how crazy it can be, because there is no way around it.  I'd love to simplify the mortgage process!  But they are loaning large sums of money, with Federal oversight, mixed rules and regulations...
They need to dot even i and cross every t.  And document how they did it.  In triplicate.
​While this is taking place, you'll hear from Michelle or myself a few times.  Mostly, it will be you and your mortgage team communicating until we get close to the closing celebration.
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John
Stapleton
512-219-Sold
Broker
Owner
Founder
Focus Realty™

Texas Information About Brokerage Services and ​Texas Real Estate Commission Consumer Protection Notice
  • home
  • This Week's New Listing
  • 2418 Madeline Loop
  • 6400 Lakeshore Drive
  • 7812 Dakota
  • Zuma
  • Full Move
  • Help Us Buy a Home
  • Steps in Buying a Home
  • Come Sell Our House
  • Reviews
  • New Clients Please Watch
  • Steps in Selling a Home
  • Austin Realty Blog
  • Buy before Selling
  • Sold on Legend Hills
  • Recently Bought & Sold
  • Texas Real Estate Commission Information About Brokerage Services
  • Real Estate Marketing Photos
  • Travel Blog
  • Cabinet Painting
  • Milburn Park
  • Lakeline Metro Rail
  • Hill Country
  • Selling Process Overview
  • Contract Class
  • Big Bend Adventure
  • Lake Cedar Park
  • Search
  • Make Ready Consultation
  • Safety During Showings
  • Vendor Recommendations
  • Working By Referral
  • Mortgage Pre-Approval Process
  • Live MLS Search
  • Mulitple Offers
  • Cancel Insurance
  • Make an Offer
  • Counter Offers and Negotiation
  • Contract on a Home!
  • Negotiate Concessions
  • 80
  • Another sale on Old Mill
  • Pending Without Option