You found the home.
Your offer was accepted. 🎉
Now what?
This is the part where many buyers start to feel overwhelmed. But it doesn’t have to be. Here’s exactly what happens next.
1. Earnest Money Deposit
Shortly after acceptance, you’ll submit your earnest money.
This shows the seller you’re serious and is applied toward your purchase at closing.
2. Schedule the Home Inspection
This is one of the first major steps.
The inspection helps identify any issues with the home so you can:
- Understand its condition
- Request repairs or credits
- Decide how to move forward
3. Negotiate Repairs (If Needed)
Based on the inspection, you may:
- Ask the seller to fix items
- Request a credit
- Or accept the home as-is
This is where having the right Realtor matters.
4. Appraisal Ordered
If you’re financing, your lender will order an appraisal.
This confirms the home’s value matches the purchase price.
If it comes in low, we may need to renegotiate.
5. Loan Approval Process
Your lender will continue working through your loan.
You may be asked for:
- Updated documents
- Employment verification
- Additional financial info
👉 Tip: Don’t make big purchases or changes during this time.
6. Title Work + Closing Prep
The title company ensures:
- Clear ownership
- No outstanding liens
- Proper documentation
They’ll also prepare your closing paperwork.
7. Final Walkthrough
Before closing, you’ll do a final walkthrough of the home.
This is to confirm:
- Agreed repairs are complete
- The home is in expected condition
8. Closing Day 🎉
You’ll sign documents, funds are transferred, and you officially become a homeowner.
Keys in hand. Done deal.
Final Thoughts
The time between accepted offer and closing is where a lot happens behind the scenes.
Deadlines matter. Communication matters. Guidance matters.
Having someone keeping everything on track makes all the difference.
Let’s Talk
If you’re thinking about buying and want to understand the process before jumping in, let’s connect.
📲 608.350.6291
🌐 terrabeaverproperties.com