Step 16 to Selling Your Home: Congratulations, we have an accepted offer! Now what?
Congratulations, we’re so happy for you! Once we’ve verbally accepted an offer, both parties will sign the offer. Once that happens, we’ll send a copy of the executed contract to your attorney so the attorney review and inspection time period can officially begin on the next business day.
We will be putting together a separate email with all of the details for your attorney!
In the meantime, typically within 2-4 days of the contract being signed, the buyer is required to drop off their earnest money check. This is essentially a good faith payment showing the buyer is serious about moving forward. The earnest money will be credited towards the buyer’s down payment at closing. Once the earnest money is dropped off we will send you a receipt for your records. We will deliver the earnest money to either the Realtor's office, the attorney's office or the title company (depends on the contract).
Once the earnest money is received, we will mark the property as CTG in the MLS and cancel any future showings. We are then officially in the attorney review and inspection time period which usually takes between 5 – 10 business days (see your contract for the exact number of days).
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