From Offer Accepted to Keys in Hand

At Impact Mortgage Southeast, we believe clarity brings confidence. The better you understand each stage of the homebuying process, the more prepared and empowered you’ll feel. Once your offer is accepted, several key steps follow before the home officially becomes yours.

Let's break down these steps: contingencies, appraisal, underwriting, closing, and moving.

STEP 1

Contingencies

Contingencies are built-in safeguards that must be satisfied before a real estate contract becomes final. They commonly include inspections, financing, and appraisal requirements. These protections give you flexibility—allowing you to renegotiate or step away if certain conditions aren’t met, all while keeping your earnest money secure.

STEP 2

Appraisal

After contingencies are addressed, the appraisal is completed. This independent assessment determines the property's market value and ensures the loan amount aligns with that value. If the home appraises below the offer price, negotiations may be necessary to adjust terms or revisit the purchase price.

STEP 3

Underwriting

During underwriting, your lender verifies your financial information and reviews the appraisal details to confirm that the loan is appropriate. Underwriters examine credit history, income, employment documentation, and property data. Once all requirements are satisfied, you’ll receive a “clear to close,” indicating your loan has been fully approved.

STEP 4

Closing

Closing is the final stage of the purchase process. All parties sign the necessary documents, funds are transferred, and ownership officially moves from the seller to you. This is also when you provide your down payment and pay any closing costs. After everything is finalized and recorded, you’ll receive the keys to your new home.

STEP 5

Moving

With the transaction complete, it’s time to move into your new home and begin making it your own. Every buyer’s journey is different, and having a trusted mortgage partner like Impact Mortgage Southeast ensures each stage—right through moving day—is handled with clarity and confidence.

Please note: This information is provided as a guide and is not intended to replace professional real estate or financial advice. Always consult with a licensed real estate professional and financial advisor for assistance with your specific situation.