Process Of Buying A Home After Offer Is Accepted Now

: Formally start your mortgage application process to move from pre-approval to a full loan commitment. Due Diligence & Contingency Period (Weeks 1–3) Buying a house: What happens after your offer is accepted?

: Both parties sign the updated contract, which locks in the price, deadlines, and contingencies. process of buying a home after offer is accepted

: You must typically deliver a "good faith" deposit (usually 1%–3% of the purchase price) to an escrow account within 24 to 48 hours. This money is eventually credited toward your down payment or closing costs. : Formally start your mortgage application process to

Post-Offer Home Buying Report Once a seller formally accepts your offer, the property is considered "under contract" or "conditionally sold". This begins a where you must fulfill specific contractual obligations before taking ownership. Immediate Next Steps (Days 1–3) : You must typically deliver a "good faith"