Once you and the seller agree on terms, the home is officially under contract and escrow is open.
During escrow, your deposit is sent, inspections are done, disclosures are signed, contingencies cleared and financing is approved.
Your Realtor can assist you in finding a professional, trustworthy inspector. If there are repairs that need to be made, those costs can often be negotiated with the seller as part of the purchase agreement.
Your Realtor will help you complete the closing process before the closing date. There will be a check list of items that will include all monetary deposits and necessary paperwork including mortgage, title, homeowner’s insurance as well as any paperwork required by local or state governments.