“Your offer has been accepted 🎉”
The words every hopeful buyer wants to hear!
Congratulations! Whether you’ve made it to this point in real life or not quite yet, here’s what to expect from this stage of the buying process:
– **Provide an Earnest Money Deposit** – This is a good faith deposit to show your commitment to buying the property. This deposit is typically held in an escrow account until the closing.
– **Schedule Home Inspections** – ****Depending on the results, you may negotiate with the seller for repairs or credits. Schedule this immediately!
– **Order** **Appraisal** – ****Your lender will initiate this to ensure the property’s value matches the sale price. If the appraisal comes in lower than the agreed-upon price, you may need to renegotiate with the seller or come up with additional funds.
– **Finalize the Loan** – ****You’ll provide documents and go through underwriting with your lender.
There are a lot of moving parts at this phase of the transaction but a great agent is there to guide you at each turn!
DM for under contract Checklist
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