What Happens After a Seller Accepts Your Offer?
Finding your dream home is incredibly exciting - and it's even more exciting when a seller accepts your offer. But what happens next? This guide walks you through the process that takes place after a seller accepts your offer, as well as what you need to do to prepare for closing. What Happens After a Seller Accepts Your Offer? Quite a bit happens between offer acceptance and closing day. Before you can move in, you need to complete the following tasks: Review your purchase agreement Hire a home inspector Get final mortgage approval Schedule your closing date Transfer funds and finalize documents Your real estate agent will be with you every step of the way, answering your questions and making sure you meet important deadlines. But in the meantime, here's a closer look at each so you know what to expect from the process between offer acceptance and closing. Task #1 After a Seller Accepts Your Offer: Review Your Purchase Agreement Your purchase agreement is a legally binding document that outlines the details of your home purchase, including price, contingencies, deadlines and more. After the seller accepts your offer, you'll need to review the agreement carefully with your agent to [...]