What happens in the transaction after your offer is accepted.

Now that your offer has been accepted, we want to give you a quick breakdown of what will happen next in the home-buying process. Here’s an overview of the rest of the transaction:

First, we celebrate your offer’s acceptance. We also need to get the option money and earnest money to title. For the next 30 days, do not buy a car, a boat, or change jobs. During this option period, we also get to renegotiate any repairs from the inspection report. We specifically want to secure any big-ticket or deal-breaker repairs like the roof, foundation, electrical, plumbing, or HVAC. 

“Do not buy a car or boat, and don’t change jobs.”

The next step is to order the appraisal. When the appraisal comes in, it’ll either meet the value or not meet the value. If the appraisal comes in low, we will renegotiate. Then we’ll give your financing documents to the lender. Once that is settled, we’re clear to close. Lenders will usually send the final amount you have to bring to closing two to three days before closing. Finally, we do a walkthrough to make sure the house is in the same or better condition than before. Then you sign the paperwork and get the keys.

If you have any questions, don’t hesitate to reach out to us by phone or email. We look forward to hearing from you.