Congratulations — You're Under Contract

What happens next

Here's your step-by-step guide from accepted offer to keys in hand. Each step has a deadline — don't miss them.

Wire fraud warning: Cyber criminals target real estate transactions. Before wiring any money, always call the title company directly using a phone number you find independently — not one from an email. Never wire funds based solely on emailed instructions. When in doubt, call me first.

Your transaction timeline at a glance
1
Wire earnest money
Within 48 hrs
2
Order inspection
Day 1–2
3
Loan status update
Within 10 days
4
Review title & HOA docs
Within 5 days of receipt
5
Negotiate repairs
Before inspection period ends
6
Home protection plan
During inspection period
7
Appraisal ordered
After inspection is resolved
8
Final walkthrough
1–2 days before COE
9
Close of escrow
Per contract date
1

Wire your earnest money to the title company

Due within 48 business hours of acceptance

The title company will reach out to you with wiring instructions shortly after acceptance. Your earnest money will be held in escrow and applied toward your down payment at closing.

Before wiring anything: Call the title company directly using a phone number you look up yourself to confirm the wiring instructions are legitimate. Do not rely solely on instructions received by email — wire fraud is real and very difficult to reverse.

Once wired, keep your confirmation. The title company will acknowledge receipt. If there is any issue, contact me immediately.

2

Order your home inspection right away

Inspection period is 10 days

Your 10-day inspection period begins the day after contract acceptance — Day 1 is the first full calendar day following acceptance. Book your inspector on Day 1 or Day 2 — good inspectors fill up fast and you'll need time to review the report and negotiate if needed.

Your general home inspection covers the major systems and structure. Depending on the property, you may also want a separate pool, roof, HVAC, pest, or mold inspection. If the property has solar panels, a dedicated solar inspection is strongly recommended.

Recommended inspectors:

Firm Foundation Property Inspectors
Ken Mertz — Owner / Inspector
Professional Property Inspectors (PPI)
General & Solar Inspections

You are required to share inspection reports with the seller's agent. All inspection items you want to address must be submitted in a single written notice before the inspection period expires. Verbal discussions don't extend any deadlines.

3

Submit your loan status update (LSU)

Within 10 days of acceptance

Your lender must deliver a completed Loan Status Update (LSU) form to the seller within 10 days of contract acceptance. This confirms the current status of your loan application and that everything is on track.

Stay in close contact with your lender. Respond quickly to any document requests — delays here can put your closing date at risk. Also notify me immediately if anything changes with your loan program, lender, or financing terms.

4

Review the title commitment and HOA documents

Within 5 days of receipt

Once the title company opens escrow, they'll send you a Title Commitment — a detailed look at the ownership history and any liens, easements, or restrictions that will remain on the property. You have 5 days after receipt to raise any concerns in writing.

If the property is part of an HOA, you'll also receive the governing documents: CC&Rs, bylaws, financials, reserve study, and budget. Read them carefully. HOA rules govern what you can and can't do with the property, and the financials tell you whether the association is financially healthy.

5

Negotiate repairs before the inspection period closes

Before inspection period expires

Once you receive your inspection report, review it with me. We'll identify which items are worth asking the seller to address and how to frame the request strategically. Not every item on an inspection report warrants a repair request — we'll focus on what matters most.

If you want to request repairs or a price reduction, all items must be submitted in a single written Buyer's Inspection Notice before your inspection period expires. The seller then has 5 days to respond.

  • Review inspection report with me before submitting anything
  • Submit all repair requests in one written notice
  • Seller has 5 days to respond in writing
  • If seller won't agree to repairs, you may cancel and receive your earnest money back
6

Consider a home protection plan (Homescription)

Order during or shortly after inspection period

Rather than a traditional home warranty, I recommend Elevate Homescriptions — a local Arizona company that offers significantly better coverage. No dollar limits on HVAC repairs or replacements, no surprise reconnection fees, and they approve 96% of claims (vs. the industry norm of denying 1 in 8).

Elevate Homescriptions
Arizona's top-rated home protection plan · 4.6 stars · 1,500+ reviews
View full brochure →

Elevate covers unknown pre-existing conditions — a huge differentiator. Most home warranties exclude them. Plans start at $500/year and cover A/C, heating, plumbing, electrical, appliances, and more. Ask me if you have questions about whether it makes sense for your home.

7

Have your lender order the appraisal

After inspection is resolved

Once the inspection negotiation is resolved, give your lender the green light to order the appraisal. The appraisal confirms the home's value is at least equal to the purchase price — your loan depends on it.

The appraisal fee is paid by you upfront and is non-refundable. If the home appraises for less than the purchase price, you have 5 days after notification to cancel and get your earnest money back, or to waive the appraisal contingency and proceed.

Tip: Keep your finances stable during this period. Avoid large purchases, new credit applications, or any changes to your employment or income. Lenders verify your financial status again right before closing.

8

Complete your pre-closing walkthrough

1–2 days before close

Before you sign closing documents, you have the right to walk through the property one final time. This is your chance to confirm that any agreed-upon repairs were completed, that the home is in the same condition as when you went under contract, and that nothing has been removed that was supposed to convey.

Do not skip this step. If something is wrong, speak up before you close — after the deed records it becomes significantly harder to address.

  • Confirm all agreed repairs are completed and receipts provided
  • Check that all included personal property is still present (refrigerator, etc.)
  • Verify property is in substantially the same condition as at contract acceptance
  • Test appliances, lights, faucets, HVAC
9

Close of escrow — keys are yours

Per contract date

Your lender will provide a Closing Disclosure at least 3 business days before closing — review it carefully and compare it to your Loan Estimate. Bring a valid government-issued ID to your signing appointment.

Closing funds (down payment and closing costs beyond earnest money) must be wired to the title company in advance. Again — independently verify all wiring instructions before sending any money.

Once the deed records at the county recorder's office, escrow is officially closed and you'll receive your keys. Congratulations — you're a homeowner.