
Texas Relocation Specialist & Dallas-Fort Worth Luxury Real Estate Agent
“Not just your REALTOR® but your trusted advisor”
Seller: What happens after I accept an offer on my house?
A common question we get from our seller clients is What happens after I accept an offer on my home.
Here are a number of things that happen:
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1. We (your listing agent) will update the status of the property in MLS to "Active Option"
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2. The buyer will pay you the option fee agreed upon in the purchase agreement.
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3. The buyer will also deposit the earnest money with the title company and these funds stay in an escrow account.
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4. The buyer will schedule the inspections of the home - general home inspection, swimming pool inspection, Wood Destroying Insect (WDI - termite) inspection etc.
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5. The buyer will request the desired repairs ​after receiving the inspection report from the inspectors.
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6. We will negotiate the repairs or any credit in lieu of repairs with the buyer's agent on your behalf.
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7. We will get an amendment signed with the repairs/credit agreed upon by both the parties.
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8. Buyer's lender will also order an appraisal of the home. We will also negotiate with the buyers if needed after appraisal is complete.
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9. After the appraial, it is time for you to start packing and to plan your move. We will be happy to provide you recommendations about movers/packers if requested.
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10. We will coordinate the closing with the title company and will accompany you at the closing!
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Congratulations. You have just sold your home!