What to Do After Your Home Offer Gets Accepted?

Essential Steps After Getting Your Home Offer Accepted

Having a seller agree to your offer for their home is only the beginning. Keep reading for what comes next in the home-buying process.

Hire a real estate attorney

• Extra step: Ensure a local attorney familiar with market laws.
• Protection: Review purchase contracts and check for liens.
• Seek recommendations from your agent for reliable options.

Get a home inspection

1. Essential: Don't skip this crucial process.
2. Research and select a reputable inspection company.
3. Look out for potential hidden issues like mold or faulty wiring.

Formally apply for a mortgage

• Secure official mortgage rates and terms.
• Lock: Ensure a rate lock to avoid surprises before closing.
• Prepare necessary financial documents for the lender.

Line up homeowners insurance

• Assess insurance needs and collect quotes for comparison.
• Consider bundling with auto insurance for cost savings.
• Choose a suitable provider offering adequate coverage at a competitive price.

Make a plan for moving

• Develop a moving budget and start sorting belongings.
• Cost: Consider hiring professional movers for a stress-free transition.
• Keep financial stability intact until after closing to secure the mortgage.

Keep maintaining your finances

1. Resist financial changes to avoid jeopardizing mortgage approval.
2. Important: Maintain status quo until the purchase is finalized.
3. Avoid new debts or major financial changes during the home-buying process.