Offer Accepted! Now What?

Congratulations—your offer has been accepted! 🎉 It’s an exciting milestone, but now the real work begins. Many buyers wonder, “What happens next?” Let’s walk through what to expect after the seller says “yes,” why timelines matter, and what you should be doing to keep your home purchase on track.

Offer Accepted! Now What?

What Happens Once the Seller Says “Yes”

• Escrow Opens: Your earnest money deposit is submitted, and the official process begins. Escrow is a neutral third party that holds funds and documents until everything is ready to close.
• Inspections & Appraisals: This is your chance to have the home professionally inspected and, if you’re financing, for the lender to order an appraisal. These steps protect you and your investment.
• Paperwork Galore: You’ll review and sign a lot of documents, from disclosures to loan applications. Your Realtor will help you understand each step and keep things organized.

The Importance of Timelines and Deadlines

• Stay on Track: Every phase—inspections, appraisals, loan approval—has a deadline. Missing one can delay closing or even put your purchase at risk.
• Responsive Communication: Be ready to answer questions, provide documents, and make decisions quickly. Your Realtor will help you manage the calendar and remind you of key dates.
• Negotiation Windows: If issues arise during inspection, there’s a limited time to request repairs or credits. Timely action is crucial!

What Buyers Should Be Doing in This Phase

• Schedule Inspections Promptly: The sooner you know the results, the sooner you can address any concerns.
• Stay in Close Contact: Keep your Realtor and lender updated. Respond to requests for information or signatures as soon as possible.
• Don’t Make Big Financial Changes: Avoid taking on new debt or making large purchases until after closing. Lenders may check your credit again before funding the loan.
• Prepare for Move-In: Start thinking about movers, utilities, and your change of address—it’ll be time to celebrate before you know it!

Having your offer accepted is a huge step, but there’s still a journey ahead. If you want a smooth path to closing, I’m here to guide you every step of the way. Contact me with your questions or to get started on the next phase—I’ll make sure you never miss a beat on your way to homeownership!