Getting your offer accepted is a big moment. Once the celebration settles, though, the clock starts ticking. Here's what to expect in the days and weeks that follow.
Notify Your Lender Right Away
As soon as your offer is accepted, let your mortgage team know. They'll need the purchase agreement to move forward with your loan processing, and time matters — most purchase contracts set a specific timeline for financing contingencies.
Schedule the Home Inspection Promptly
The home inspection is typically one of the first things you'll arrange after going under contract. Your real estate agent may have an inspector they recommend; your lender can also be a resource. Don't just go with the cheapest option — look for someone with strong reviews and a reputation for thorough work.
Plan to be there. A good inspector will walk you through the home while they work and point out anything worth noting. If an inspector asks you not to attend, that's a red flag.
Reading the Inspection Report
Inspection reports can be long, and it's easy to get alarmed by the sheer volume of items listed. Try not to panic. Every home — especially older ones — has something on the list.
What you're really looking for are the significant concerns:
- Structural issues (foundation, support beams, floor joists)
- Roof condition and remaining lifespan
- Major systems (HVAC, plumbing, electrical) that need immediate attention
Minor items like sticky windows or a dripping faucet aren't deal-breakers. Focus your energy on the things that are expensive or affect safety.
Your Options After the Inspection
Once you've reviewed the report with your agent, you have choices. You can ask the seller to repair specific items before closing, request a price reduction to account for the work needed, accept the home as-is, or — in serious cases — walk away if the issues are more than you're willing to take on.
Your agent is your best advisor here. They'll help you decide what's reasonable to ask for without derailing the deal.
Other Items to Line Up
While the inspection is happening, loop in your homeowner's insurance agent to get a policy in place. Your lender will need proof of insurance before closing. Stay responsive to any document requests from your mortgage team — delays on your end can push back your closing date.
Questions about the financing side of things? Reach out to us anytime — we're here to help.
