"You accepted an offer—now what? Here’s what happens next."

When selling your home in Burbank, CA, accepting an offer is a major milestone—but it’s not the finish line. The process that follows is critical to ensuring a successful sale. In this blog, we’ll walk you through what to expect after you’ve accepted an offer and how to navigate the final steps of selling your home.

1. The Escrow Process Begins

After accepting an offer, the transaction moves into escrow, a neutral third party that holds funds and documents until all conditions of the sale are met.

• Opening Escrow: Both buyer and seller sign agreements, and the buyer deposits earnest money.
• Key Tasks: Escrow ensures all paperwork is completed, contingencies are addressed, and funds are distributed properly.

2. Inspections and Appraisals

The buyer will typically schedule inspections and an appraisal to ensure the property’s condition and value align with their expectations.

• Home Inspection: A licensed professional evaluates the home for any issues, from structural concerns to plumbing.
• Appraisal: Lenders require an appraisal to confirm the home’s value matches the loan amount.

💡 Tip: Be prepared for negotiations if repairs or adjustments are requested.

3. Reviewing Contingencies

Buyer contingencies must be cleared for the sale to proceed. Common contingencies include:

• Inspection Contingency: Ensuring the home’s condition meets expectations.
• Appraisal Contingency: Verifying the home’s appraised value.
• Financing Contingency: Securing the buyer’s loan approval.

4. Preparing for Closing

As contingencies are removed, you’ll move closer to the closing date. Key steps include:

• Final Walkthrough: The buyer revisits the property to confirm it’s in agreed-upon condition.
• Sign Documents: Both parties sign the necessary paperwork to finalize the transaction.

💡 Tip: Double-check that all agreed-upon repairs are completed before the final walkthrough.

5. Closing Day

On closing day, ownership officially transfers to the buyer. You’ll hand over the keys and receive the proceeds from the sale.

• Fund Transfer: The escrow company ensures funds are distributed properly.
• Deed Recording: The new ownership is recorded with the county.

Final Thoughts

Selling your home involves many moving parts after accepting an offer, but having a clear roadmap can make the process smooth and stress-free. With a knowledgeable Realtor® by your side, you’ll navigate escrow, inspections, and closing with confidence.

Are you planning to sell your home in Burbank? Let me guide you through every step, ensuring you achieve the best outcome.