10-Steps Once Your Offer is AcceptedUnder Contract

10-Steps Once Your Offer is AcceptedUnder Contract

Wondering what to do once you have an offer accepted? Getting through buying or selling a home without making a mistake or losing your mind is trickypleting your loan pre-approval, finding the right place, and structuring a competitive offer requires a lot of time and energy.

Once you have a signed sales contract, it may feel as though your work stops there. Unfortunately, this is not the case. An accepted offer is only the beginning of the process. There’s more work to do to get your transaction closed.

The most common question our clients ask after their offer gets accepted is, « What happens next? ». This checklist helps people stay on track once theyre under contract on a home. It ensures that they are adequately prepared to close the transaction without any unnecessary drama.

Heres a quick list of the topics and content covered in the post:

If one of these steps gets overlooked, it may delay a closing; or possibly sabotage an entire home purchase. Real estate agents work hard to help their clients stay on track for each item mentioned below. Use this checklist to stay informed and ensure that they stay on track to avoid delays.

EARNEST MONEY

Earnest money is the buyers proof that they « earnestly » want to purchase the home. This step is involved at the beginning of the transaction. It’s designed to protect the seller’s interests as they take their house off the market. […]