Your Offer Was Accepted Now What Happens Next?

You Got the Yes Now What Happens?

You made an offer on your dream home, and the seller said yes. Congrats! But don’t pop the champagne just yet—there are still a few important steps before you get those keys in your hand. Wondering what happens after your offer is accepted? Here’s a simple guide to walk you through the process from offer to ownership.

Step 1 Get Into Escrow

Once the offer is accepted, both you and the seller will sign a purchase agreement. This kicks off what’s called the escrow process. Think of escrow as a secure holding area where funds and documents are kept safe until all conditions are met.

Your real estate agent or attorney will help open escrow with a neutral third-party company. You’ll also need to submit your earnest money deposit, which shows the seller you’re serious about buying.

Step 2 Schedule a Home Inspection

This is one of the most important steps. A certified home inspector will check the property for any issues—like plumbing problems, roof damage, or foundation cracks.

If something major comes up, you can request repairs, a price reduction, or even walk away (depending on the contract terms).

Tip: Always attend the inspection if you can. It’s a great time to learn more about your new home.

Step 3 Finalize Your Financing

Even if you’re pre-approved, your lender still needs to complete a full underwriting process. You’ll submit documents like pay stubs, tax returns, and bank statements.

Your lender will also order an appraisal to make sure the property is worth what you’re paying. If the appraisal comes in lower, you may need to renegotiate or bring extra funds to closing.

Step 4 Do a Title Search and Secure Title Insurance

A title company will do a search to make sure the property is legally free of liens or disputes. They’ll confirm that the seller has the legal right to sell the home.

You’ll also purchase title insurance, which protects you if any title issues come up later.

Step 5 Get Homeowners Insurance

Most lenders require you to have homeowners insurance in place before closing. This protects your new property against damage from fire, theft, storms, and more.

Compare quotes from multiple providers and make sure the coverage meets your lender’s requirements.

Step 6 Review the Closing Disclosure

A few days before closing, you’ll receive a Closing Disclosure from your lender. This outlines your final loan terms, interest rate, and closing costs.

Review it carefully—this is your last chance to ask questions or clear up anything confusing.

Step 7 Do a Final Walkthrough

Usually scheduled 24-48 hours before closing, the final walkthrough is your chance to make sure the home is in the condition you agreed on.

Check that repairs (if any) were completed and that everything’s still in good shape.

Step 8 Closing Day and Getting the Keys

This is the finish line! On closing day, you’ll sign a bunch of documents, make your final payment (down payment + closing costs), and officially take ownership of the home.

Once everything is signed and the funds are transferred—you get the keys. Welcome home!

Ready for the Next Chapter?

Buying a home can feel like a whirlwind, but knowing what happens after your offer is accepted can give you peace of mind. Stay in close contact with your real estate agent, lender, and escrow officer—they’re your guides to make sure nothing falls through the cracks.

Got questions about the home buying process? Drop them below or reach out to us anytime—we’re here to help you feel confident every step of the way.

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