By Tanya Mock Real Estate
If you’ve just accepted an offer on your home—congratulations! We know how exciting and emotional that moment can be. But if you're wondering what happens after accepting an offer, you're not alone. This part of the process can move fast, and we’re here to guide you through it with clarity and confidence.
Key Takeaways
- Expect key steps like inspections, appraisals, and escrow coordination.
- You still have legal responsibilities until the transaction closes.
- Communication with your agent keeps everything moving smoothly.
- Planning ahead helps ensure a stress-free closing day.
What Happens Right After You Accept an Offer?
Initial Milestones That Launch the Sale Process
- Mutual Acceptance Becomes Binding
- Once both parties sign, the agreement is legally binding.
- Timelines for contingencies officially begin.
- Earnest Money Is Deposited
- The buyer places a good-faith deposit, held in escrow.
- This shows serious intent to complete the purchase.
- Escrow Is Opened
- A neutral third party handles the legal and financial details.
- Escrow ensures both buyer and seller meet all obligations.
What to Expect During the Inspection Period
Key Events That Take Place During Inspection
- Home Inspection Is Scheduled
- The buyer hires a licensed inspector to evaluate the property.
- They’ll assess structure, systems, and safety items.
- Negotiation of Repairs or Credits
- The buyer may request repairs or ask for price adjustments.
- We help you evaluate what’s reasonable and strategic to agree to.
- Contingency Removal Process
- After resolution, the buyer formally waives the inspection contingency.
- This signals their intent to move forward.
What Happens During the Appraisal and Loan Approval?
Steps in the Financing and Appraisal Process
- Lender Orders an Appraisal
- The home must appraise at or above the purchase price.
- If not, price negotiations or additional buyer funds may be needed.
- Buyer Finalizes Their Loan
- The lender verifies employment, assets, and credit.
- Full loan approval must happen before closing.
- Appraisal Contingency Is Cleared
- Once approved, this is another green light for the transaction.
- It reduces risk and confirms the deal is on track.
Preparing for Closing Day
Final Steps Before the Transaction Is Complete
- Buyer’s Final Walkthrough
- Scheduled shortly before closing to confirm property condition.
- It’s not another inspection—just a final check.
- You Sign Closing Documents
- Documents are typically signed a few days before the official close.
- We’ll walk you through each part so you know what to expect.
- Keys and Possession Transfer
- Possession timing depends on your contract.
- Sometimes the buyer takes immediate possession; other times, there’s a rent-back period.
FAQs About What Happens After Accepting an Offer
Can the Buyer Back Out After We Accept Their Offer?
Yes, but only under specific contingencies outlined in the contract. Once those are removed, it's much harder for the buyer to cancel without penalty.
Do I Have to Make All the Repairs They Request?
No. You can negotiate or reject repair requests. We’ll help you decide what’s worth addressing to keep the deal moving forward.
How Long Does It Take to Close After Accepting an Offer?
In most cases, it takes 30 to 45 days to close, depending on the buyer’s financing and the contract terms.
Contact Tanya Mock Real Estate Today
If you’re preparing to sell or already under contract, we’re here to guide you through every step after accepting an offer. Our job is to make sure no detail is overlooked, and your goals stay protected through closing and beyond.
Reach out to us at Tanya Mock Real Estate, and let’s make your next move a successful one. We’re ready to support you with expert guidance, from offer to closing day.
Reach out to us at Tanya Mock Real Estate, and let’s make your next move a successful one. We’re ready to support you with expert guidance, from offer to closing day.
