Your Offer Was Accepted
Now What?
“Your Offer’s Accepted—Now What?”
Congratulations, your offer on a California home is accepted! Now the real journey begins. Here’s what to expect, and how to navigate this next phase like a pro.
First, you’ll get a copy of the purchase contract and all the seller disclosures. In California, you typically have a 17-day period to complete your inspections and review all those details. That means you’ll dive into reports on the property’s condition, any hazard or title issues, and HOA documents if there’s a homeowners association involved.
At the same time, you’ll need to submit your earnest money deposit through escrow, as outlined in your contract. Escrow is going to be your hub for all these transactions and timelines, so get comfortable with that process. You’ll see various property reports come in, and it’s a lot of information, so having a good agent or broker to guide you is key.
Now, let’s talk about your loan.
If you’re financing the purchase, this is the period when your loan contingency is in play. Your lender will order an appraisal, and you need to be careful not to do anything that could affect your credit—no big purchases, no new credit lines, nothing that could jeopardize your loan approval. Once the appraisal and inspections are done and everything’s on track, you can start looking forward to closing.
In short, after your offer is accepted, it’s all about staying on top of these timelines, understanding your contingencies, and having a trusted guide to help you through the process. And remember, if you’re working with Rory the Broker, you’ve got a team that’s got your back from acceptance to keys in hand.