Congratulations! The seller accepted your offer... now what?
Within 3 days of the contract execution the Earnest and Option Money have to be sent to the Title Company
Also known as the inspection period. Any inspections the buyer would like to have done need to happen during this period.
During the Option Period it is highly recommended to receive quotes for insurance.
Should any problems be uncovered from inspections the requests for any repairs or credits need to be negotiated before the Option Period expires.