Step 8 in the Home-Selling Process: You’re Now Under Contract ✍️🖋️

Congratulations! Accepting an offer is a big milestone, but what happens next depends on the type of offer you accepted.

✅If the Offer Was Accepted Without Conditions: If your offer was firm—meaning there are no conditions—then your property is considered pending or sold. This is great news because there are no further hurdles for the buyer to clear. At this stage, the paperwork is finalized and sent to your lawyer, who will begin preparing for closing day. From here, it’s a matter of ensuring everything is ready for the transfer of ownership.

✅If the Offer Was Conditional: If the accepted offer includes conditions, such as financing approval, a home inspection, or the sale of the buyer’s current property, then the transaction isn’t final yet. The buyer will need to address these conditions within the agreed-upon timeframe, which is typically a few days to a couple of weeks. ✅Here’s what happens during this period: The buyer works on conditions: The buyer will complete any necessary steps, like securing financing, arranging inspections, or fulfilling other specific terms.

✅Your responsibilities as the seller: You may need to grant access to the property for inspections, appraisals, or other assessments. If any issues arise, I’ll guide you through resolving them quickly and effectively.

✅Monitoring the timeline: I’ll keep track of the conditional period and communicate with the buyer’s agent to ensure everything is progressing as planned. Once all conditions are met, the sale becomes firm, and we move forward to closing. Entertaining additional showings, this is optional During the conditional period, you can choose to continue accepting showings just in case the deal on the table falls apart. This keeps your options open and ensures you don’t lose valuable time if the buyer is unable to meet their conditions. 📌What Happens Next:

✅For Firm Sales: Your lawyer will handle the legal paperwork, prepare the deed, and coordinate the exchange of funds for closing day.

✅For Conditional Sales: Once the buyer fulfills their conditions, the paperwork is updated, and we move into the pending/sold phase. If the conditions aren’t met, the agreement may fall through, and we’ll discuss next steps, such as relisting the property.

⭐️Key Tip: Keep Your Home Ready! Even though you’re under contract, the buyer may request a final walk-through closer to closing day to ensure the property is in the same condition as when the offer was accepted. Keeping your home tidy and addressing any agreed-upon fixes will help avoid delays or concerns. Being under contract is an exciting time, but it’s important to stay focused and proactive until closing day. I’ll be with you every step of the way to ensure a smooth process.

Stay tuned for Step 9, where I’ll explain more on the conditional phase! Thank you for watching, and I look forward to helping you get Maximum Results!

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