Accepting the Offer

After accepting an offer on your home, there are several steps that typically follow in the home selling process:

1. Earnest money deposit: The buyer will usually provide an earnest money deposit as a sign of good faith that they are serious about buying the property. This deposit is typically held in an escrow account until closing and is usually applied toward the purchase price.

2. Inspection period: The buyer will typically have a set period of time to conduct a home inspection and identify any issues with the property. Depending on the results of the inspection, the buyer may request repairs or negotiate the purchase price.

3. Appraisal: The buyer's lender will typically require an appraisal of the property to ensure that the purchase price is in line with the market value of the property.

4. Title search: A title search will be conducted to ensure that the property has a clear title and that there are no liens or other issues that could affect the sale.

5. Closing: Once all the necessary steps have been completed, the sale can be closed. This involves signing the final paperwork and transferring ownership of the property to the buyer. At this point, the buyer will typically provide the remainder of the purchase price, and the seller will receive the proceeds from the sale.

Throughout the process, your real estate agent can help guide you and ensure that everything goes smoothly. They can provide advice on negotiating repairs, coordinate with the buyer's agent and lender, and help ensure that all necessary paperwork and legal requirements are completed.