Getting an offer accepted feels like a finish line. In practice, it is the start of the contract-to-closing phase.
1. The contract timeline starts
Your signed contract controls deadlines for deposits, financing, inspections, document delivery, and other obligations. Put those dates somewhere you will actually see them.
2. Your lender moves from preapproval to the property
The lender will typically need the contract, updated financial documents, and information about the property. Respond quickly and avoid new debt or major account changes unless you have discussed them with the lender.
3. Inspections happen if your contract provides for them
The purpose is to understand the property and act within the rights and deadlines in your agreement. Inspection findings do not automatically mean the seller must fix everything.
4. The appraisal supports the lender’s process
An appraisal is different from an inspection. It is primarily part of the lender’s collateral evaluation.
5. Title, insurance, and closing coordination move in parallel
Your settlement or title team, lender, agent, and insurance provider each have tasks. Most closing problems are easier to solve when questions are raised early.
6. Review final figures and complete the walkthrough
Before settlement, confirm how funds must be delivered and review the figures supplied by the appropriate closing and lending professionals. The final walkthrough is an opportunity to see the property again shortly before closing.
Have an accepted offer and want to know what your specific contract requires? Talk with David.