What Happens After You Accept an Offer? Step-by-Step Guide

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You’ve accepted an offer on your New Jersey home—congratulations! But what happens next? While this is a major milestone, the journey to closing is just beginning. Here's what to expect in the days and weeks that follow.

1. Offer Becomes a Contract

Once both parties sign the offer, it becomes a legally binding purchase agreement. This outlines the terms of the sale, including price, contingencies, and closing date.

2. Attorney Review (In NJ)

New Jersey is one of the few states with a mandatory 3-day attorney review period. During this time, either party can cancel the contract. Your attorney will ensure your interests are protected and may negotiate additional terms.

3. Buyer’s Home Inspection

The buyer typically schedules a home inspection within 7–10 days. They may request repairs or credits for any issues found. Your agent and attorney will help you respond strategically to keep the deal moving forward.

4. Appraisal (If Financed)

If the buyer is using a mortgage, the lender will order an appraisal to ensure the home’s value supports the loan. If it appraises low, negotiations may follow to bridge the gap.

5. Title Search and Contingencies

The buyer’s attorney or title company will confirm there are no legal issues with the property, such as liens or ownership disputes. Meanwhile, contingencies (financing, appraisal, etc.) must be cleared before moving forward.

6. Final Walkthrough

A day or two before closing, the buyer will do a final walkthrough to ensure the property is in the agreed-upon condition and that all repairs, if any, were completed.

7. Closing Day

On closing day, both parties sign the final documents. You’ll hand over the keys, and the buyer’s funds are transferred. Once the transaction is recorded, the home officially changes hands.

Final Thoughts: Accepting an offer is a big step, but it’s only part of the process. With the right guidance, you’ll move through the closing phase with confidence and clarity.

Want a smooth, stress-free closing experience? I’ll guide you every step of the way—from offer to sold. Let’s connect and create a plan that ensures a successful outcome for your New Jersey home sale.

Next up in the Seller Series: "How to Handle Multiple Offers Like a Pro"