Congratulations! Being under contract means you and the seller have agreed on the terms of the sale, and you’re now in the escrow phase. During this period, you’ll complete various steps to finalize the purchase.
It’s a critical time to ensure all contingencies are met and any necessary inspections, appraisals, and paperwork are handled. Keep in close contact with your real estate agent to stay informed and prepared for each stage.
KEY STEPS
EARNEST MONEY DEPOSIT
This deposit (EMD) shows your commitment to the purchase and is held in escrow.
CONTINGENCIES
Ensure all conditions in your offer, such as financing and inspection requirements, are satisfied.
TIMELINE
Review important dates, including deadlines for inspections and finalizing your mortgage.
