Accepted Offer To Closing: What Happens Next In Real Estate?

Accepted Offer to Closing: What Every Buyer and Seller Should Know

By Boston Connect Real Estate

Getting an accepted offer is one of the most exciting moments in any real estate transaction but it's far from the finish line.

In fact, some of the most important details happen between the accepted offer and closing day, and understanding what to expect can make the difference between a smooth transaction and unnecessary stress.

On a recent episode of Talk Real Estate Roundtable, Sharon McNamara and Melissa Wallace shared real-life experiences from recent transactions and discussed the questions that come up most often after an offer has been accepted. From fixtures versus personal property to final walkthroughs and communication, here's what every buyer and seller should know.

An Accepted Offer Is Just the Beginning

Many buyers think that once an offer is accepted, everything is set in stone. The reality is that several important milestones still need to happen before ownership officially changes hands.

During this period, buyers and sellers will work through:

Home inspections

Purchase and Sale Agreement

Mortgage commitment

Title work