Introduction
Getting an offer accepted is an exciting moment. It is a major step toward owning your home. However, once the offer is accepted, the process does not end. This begins the escrow period, where important steps take place to ensure the purchase is secure, fair, and complete. Understanding what happens next can help you stay confident and prepared.
Escrow Opens
Once the offer is accepted, the transaction officially enters escrow. Escrow is a neutral third party that ensures all required steps and agreements are completed by both the buyer and the seller.
Home Inspection
A professional inspection allows you to learn more about the condition of the home. The inspector will review the major systems and structure and provide a detailed report. This gives you clarity on any repairs that may be needed and supports informed decision making.
Appraisal
Your lender will order an appraisal to confirm the home is worth the agreed purchase price. If the appraisal comes in close to the offer amount, the process continues smoothly. If not, your agent will help you review your options and negotiate if needed.
Securing Final Loan Approval
During escrow, the lender reviews all financial information to finalize your loan. Having your documents organized helps ensure a smooth approval.
Final Walkthrough
Before closing, you will revisit the property to confirm that its condition has remained the same and that any agreed repairs have been completed.
Closing Day
Once everything is finalized and approved, you will sign the final documents, the sale will officially record, and you will receive your keys. At that moment, the home becomes yours.
Conclusion
Understanding the escrow process helps you navigate the steps after your offer is accepted with confidence and peace of mind. With the right guidance, this part of the journey can feel smooth and well supported.
Boutique Realty is here to guide you from the first showing to the moment you receive your keys.
Boutique Realty
allensellsla.com
818 312 0831
al***@**********la.com