Under Contract: What Happens After Your Offer Is Accepted?

Congratulations! Your offer has been accepted, and you’re officially under contract for your new home. This is a huge milestone, but there’s still a bit more road to travel before you get the keys. Here’s what happens next:

• Schedule Your Home Inspection: One of the first steps is arranging a professional inspection. This gives you peace of mind and helps uncover any hidden issues before you finalize the purchase.
• Appraisal Ordered by Your Lender: Your lender will order an appraisal to make sure the home’s value matches the purchase price. This protects both you and the bank, ensuring you’re not overpaying.
• Finalizing Your Loan: During this time, you’ll work closely with your lender to provide any last bits of paperwork, lock in your interest rate, and review your loan terms.
• Reviewing Disclosures and Documents: You’ll receive a stack of paperwork, including property disclosures and your loan estimate. It’s important to review everything carefully and promptly—staying on top of this step helps keep your closing on track and avoids unnecessary delays. Your realtor and lender are there to answer any questions along the way.
• Negotiate Repairs (if needed): If the inspection uncovers issues, you might negotiate with the seller to make repairs or offer credits at closing.
• Prepare for Closing: As your closing date approaches, you’ll receive a closing disclosure outlining all your final costs. Arrange for your down payment and closing funds to be ready and plan for your move!

It’s a busy, exciting time—but you’re almost there. Stay in touch with your realtor and lender, ask lots of questions, and celebrate each step. Before you know it, you’ll be holding the keys to your new home!