What’s Next?

Once the contract is signed, there is still more to be done.


A copy of the contract goes to your mortgage professional. They will contact you to obtain all remaining documentation.


Your earnest money is placed in escrow. It’s held by a 3rd party until the deal is closed.


An appraisal is required by your bank in order to confirm the value of the home you are purchasing. Banks will not loan you more money than the home is worth. The type and cost of the appraisal is determined by the type of financing you have selected. This process usually takes about 10-14 days.

Home Inspection

You Have 10 days or more, depending on what we negotiate, to investigate the home. You can investigate things like functionality of built in appliances, electrical, plumbing, etc. I strongly recommend a professional home inspector for this purpose. I will order this inspection for you from an inspector of your choice.


Once your mortgage professional has collected from you all the needed financial information, documentation, signatures on disclosures and received your appraisal for at least the purchase price – all required items will be sent to the Underwriter. The underwriter is the ultimate decision maker when it comes to approving your loan. This process generally takes about one week.