Offer accepted… the exciting part begins!
- Remax Professionals
- 16 hours ago
- 1 min read
What Happens After an Offer Is Accepted?
From inspections and appraisals to the final closing day, here’s a quick guide to what comes next.
Once a seller accepts an offer, the home typically moves to “under contract” status and the closing process begins. From there, several steps usually happen before the deal is final.
1. Earnest Money Deposit. The buyer usually submits earnest money as a good-faith deposit showing they’re serious about the purchase.
2. Home Inspection. The buy choosing an inspector to perform an inspection of the property. If issues are found, buyers may request repairs, credits, or renegotiate terms.
3. Appraisal (If Financing). The lender orders an appraisal to confirm the home’s value matches the loan amount. If it comes in low, the price may be renegotiated or the buyer may need to bring more cash.
4. Loan Finalization & Title Work. The lender completes underwriting, and a title company verifies the seller legally owns the property and that there are no liens.
5. Final Walkthrough. Just before closing, the buyer walks through the home to ensure everything is in the agreed condition.
6. Closing Day. Documents are signed, funds are transferred, and the keys are officially handed over. Most closings happen about 30–60 days after the offer is accepted, depending on financing and contingencies.
Check out this quick blog to see what happens next in the home buying process.
