Client Question: “What Happens After My Offer Gets Accepted?”
This is a big one. The moment your offer gets accepted is thrilling, but it can also leave you thinking, "Now what?"
Here’s a step-by-step look at what happens after you go under contract, so you know exactly what to expect.
1. Earnest Money Deposit You’ll submit an earnest money deposit, usually within a day or two. This shows the seller you’re serious and is typically one to three percent of the purchase price. It gets applied to your closing costs later.
2. Home Inspection Next, we schedule a home inspection. This is your chance to understand the condition of the home. We’ll review the report together and decide if we need to ask for repairs, credits, or proceed as-is.
3. Appraisal and Loan Approval Your lender will arrange for an appraisal to make sure the home’s value supports the loan amount. During this time, the lender is also finalizing your mortgage approval.
4. Final Walkthrough Just before closing, we’ll do a final walkthrough to make sure everything is in the condition we agreed upon. We’ll check that any negotiated repairs were completed and that the home is clean and empty.
5. Closing Day This is the finish line. You’ll sign all the final documents, wire your funds, and then, congratulations, you’re a homeowner.
Bonus Tip: This process moves quickly, but you won’t have to navigate it alone. I’ll keep you on track with deadlines, paperwork, and any surprises that may pop up along the way.
Have questions about the process? Let’s chat. Whether you’re buying this month or just starting to explore, I’m here to help you feel confident and prepared every step of the way.