Buying a Home Step 6: Your offer has been accepted! Now what happens?
/Congratulations on having your offer accepted on a home! After the excitement of getting your offer accepted passes, there's still work to be done before you can move in. Here's a checklist of common things that happen in the escrow process in Washington State:
Earnest Money Deposit: You'll need to provide an earnest money deposit to show the seller that you're serious about buying the home.
Home Inspection: It's important to get a home inspection to ensure that there are no major issues with the home.
Appraisal: The lender will require an appraisal to ensure that the home is worth the amount that you're borrowing.
Title Search: A title search will be conducted to ensure that there are no liens or other issues with the title.
Contingencies: You'll need to satisfy any contingencies in the contract, such as obtaining financing or selling your current home.
Closing Costs: You'll need to pay closing costs, which can include fees for the loan, title, and escrow.
Final Walk-Through: You'll do a final walk-through of the home to ensure that any repairs that were agreed upon have been completed.
Once all of these items have been completed, you'll be ready to close on the home and move in!
Are you ready to begin the home buying process? Whether your timeline is 3 weeks, 3 months, or 3 years, our team is here to help you every step of the way!
