09/13/2026
You found a home you love, your offer was accepted, and now everyone keeps saying you are "under contract." But what does that actually mean? And what happens next?
Here is exactly what the under contract period looks like, step by step:
OFFER ACCEPTED
The seller has accepted your offer. The home is now off the active market. Both parties are legally bound to the terms of the agreement β but there are still conditions to meet before the sale is final.
HOME INSPECTION
Within the first few days, a licensed home inspector evaluates the property from top to bottom. You will receive a detailed report. Based on the findings, you may request repairs, a price adjustment, or a credit - or proceed as-is.
APPRAISAL
Your lender orders an independent appraisal to confirm the home is worth the agreed purchase price. If the appraisal comes in low, there is negotiating to do. If it meets or exceeds the price, you move forward.
MORTGAGE PROCESSING & UNDERWRITING
Your lender is reviewing your full financial picture - income, assets, credit, employment, and formally approving your loan. This is often the longest part of the under contract period.
TITLE SEARCH
A title company reviews the property's ownership history to confirm the seller has the legal right to sell and that there are no liens, disputes, or unresolved claims on the property.
CLEAR TO CLOSE
Your lender has approved the loan, all contingencies have been satisfied, and a closing date is confirmed. You are in the home stretch.
CLOSING DAY
You sign the documents, pay closing costs, the deed transfers, and the keys are yours.
The under contract period typically runs 30 to 45 days, though timelines vary. Having an experienced agent managing every deadline and every detail is what keeps it on track.
Questions about the process? I am happy to walk you through it.
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