What Happens After Your Offer is Accepted

Picture this…I can see you now 📸

You’ve been scouring the market…looking for the one. That home that feels like home as soon as you walk in. The kitchen sparkles, the primary bedroom was literally made for you and the outdoor space fills your head with all the memories you’re about to make. 

You submit your offer and your palms are sweaty (knees weak…arms are heavy 😜). This home was meant to be yours, you can just feel it in your bones. 

Then your phone starts ringing…it’s your Realtor with the news. 

YOU GOT THE HOUSE! 🥳

Like jump up and down, arm flying everywhere excitement! 

Once you’ve celebrated properly..you may be feeling like “okay now what??” 

That is the purpose of the blog…is to outline the “okay now what” so you can feel so prepared as you take the next steps toward closing your new home! 

If I’m being honest the next few days will feel a little bit like a whirlwind…there is a lot that happens! 

☝🏼First things first - you will need to deliver your earnest money. For an explanation of earnest money and the other money you can expect to spend during your transaction - click here. Your Realtor will direct you on what exactly needs to be done with those funds. In Montana, we use title companies for closings, so your earnest money will be held in escrow until it’s applied at closing. The seller will choose the title company and that is who you will make your funds out to. 

✌🏻Second - you will need to schedule your home inspection. Home inspections aren’t required for your transaction, but they are highly recommended (kind of like how your Mom used to tell you that you had a “choice” but there was definitely a right or wrong choice to make…it’s like that ;) ) 

Depending on the inspectors schedule, this might be days away or weeks away. It’s important to get scheduled right away. Make sure you schedule it for a time that you can devote some energy to it. It’s usually a lot of information and some process time afterwards is highly recommended. 

👌🏼Thirdly - You or your realtor will need to get in touch with your lender. They will need a copy of your purchase contract. They will get started on their file and let you know if they need anything else from you. If you’re into a new month, they will need new bank statements and pay stubs so just have those handy.

If you were waiting to sell your home after you found “the one”, now is the time to get rockin. Ideally you’ll have a plan + team in place to start the process of getting on the market. If your purchase is contingent on your current home sale (meaning you have to sell your home in order to buy a new one) we really recommend having a game plan before you even start looking. 

It’s best to stay ahead of the curve, so when your time comes - all you have to do is execute.