A Lot Can Happen Between an Accepted Offer and Closing Day

A Lot Can Happen Between an Accepted Offer and Closing Day

Getting an accepted offer is a major milestone in any real estate transaction.

For sellers, it can feel like the hard part is over. For buyers, it can feel like they've finally secured the home they've been searching for.

But an accepted offer is not the finish line.

It's really the beginning of the next phase.

On a recent episode of Talk Real Estate Roundtable, Melissa Wallace was joined by Boston Connect Real Estate agent Tracy Grady to discuss everything that can happen between an accepted offer and closing and why buyers, sellers, agents, lenders, attorneys, inspectors, and other professionals all need to work together to keep the transaction moving forward.

As Tracy put it during the show, the transaction isn't truly complete until the buyer has the keys in hand.

Every Real Estate Transaction Has a Timeline

Once an offer is accepted, the transaction begins moving through a series of important dates and deadlines.

Depending on the specific agreement, that timeline may include:

Home inspection

Additional property evaluations