Congratulations! Your offer was accepted and you are officially under contract!
So what’s Next?
✅ Escrow Deposit: After signing the contract, make an escrow deposit held by a third party like a title company.
✅ Inspection Period: Conduct inspections to ensure the property meets your expectations.
✅ Negotiations & Repairs: If issues arise, we’ll negotiate with the seller for repairs or price adjustments.
✅ Appraisal: The lender will order an appraisal to confirm the property’s market value.
✅ Loan Approval: Your mortgage application will go through underwriting for approval.
✅ Title Search & Insurance: Ensure the title is clear of liens; title insurance protects against unforeseen issues.
✅ Homeowners Insurance: You’ll set up homeowners insurance before closing.
✅ Final Walkthrough: We’ll check the property’s condition together one last time before closing.
✅ Closing Disclosure: Review the final loan terms and closing costs.
✅ Closing Day: Sign the documents, transfer the title, and complete the transaction.
✅ Possession & Transfer: Congratulations! You can now move into your new home.
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I know – it sounds like a lot. But that’s what your lender and real estate agent are for! We’ll walk you through the entire process from “Let’s submit an offer.” all the way to “Welcome home!”
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