Buying a home is an exciting milestone, but what happens after you click “submit offer” can feel like stepping into a black box. Understanding each step between your offer and closing day helps you stay confident, avoid delays, and know exactly what to expect.

1. Offer Review & Negotiation

Once your agent submits your offer, the seller and their agent review the price, contingencies, and terms. They may accept, reject, or counter your offer. Negotiations can include closing dates, repairs, or seller concessions. Staying responsive during this stage keeps the deal moving.

2. Earnest Money Deposit

After an accepted offer, you’ll typically provide an earnest money deposit (often 1–3% of the purchase price) to show good faith. This money is held in escrow and credited toward your down payment or closing costs at settlement.

3. Home Inspection

Most buyers schedule an inspection within the agreed timeframe—usually 5–10 days. A professional inspector checks the property’s structure, systems, and safety. If issues arise, you can negotiate repairs, credits, or even walk away if your contract allows.

4. Appraisal Ordered by the Lender

Your lender will require a professional appraisal to confirm the home’s value matches the purchase price. If the appraisal comes in low, you may renegotiate, pay the difference, or request a second opinion.

5. Finalizing Your Mortgage

During this period, your lender completes the underwriting process—verifying income, credit, and financial documents. Avoid big purchases or changes to your job or credit until your loan is cleared to close.

6. Title Search & Insurance

A title company reviews the property’s history to ensure there are no legal claims or liens. You’ll also purchase title insurance to protect against potential issues.

7. Preparing for Closing Day

You’ll receive a Closing Disclosure at least three business days before closing, outlining your final costs and monthly payment. Do a final walk-through of the home to confirm it’s in agreed condition.

8. Closing Day: Keys in Hand

At closing, you’ll sign the final paperwork, pay any remaining funds, and officially become the homeowner. Once the transaction is recorded, the keys are yours!